EHang Holdings Limited (NASDAQ: EH) shares fell Wednesday, as the world’s leading Urban Air Mobility technology platform company announced the inauguration of its first European UAM Center in Spain. Located inside the Lleida–Alguaire International Airport, the center represents the first-of-its-kind in Europe for unmanned electric vertical take-off and landing (eVTOL) aircraft, setting a benchmark globally for the effective integration of eVTOL aircraft operation with airport infrastructure, air traffic management systems, operational procedures, and other information technologies.
The inception of this UAM center, a globally pioneering initiative, arises from the collaboration agreement signed between EHang and Aeroports de Catalunya in the field of UAM and will enable European aviation and airport sectors to be positioned at the forefront of global Advanced Air Mobility.
On October 13, the Civil Aviation Administration of China (CAAC) issued the Type Certificate (TC) for EHang’s EH216-S passenger-carrying Unmanned Aircraft Vehicle (UAV) System. An unprecedented milestone in the aviation industry, the EH216-S is the first unmanned eVTOL in the world to obtain TC and be qualified for commercial passenger-carrying UAV operations in China.
The EH216-S deployed at EHang’s European UAM Center will foster the accumulation of operational experience as well as invaluable knowledge.
By integrating vast flight experience gathered from various locations worldwide, this collective information can be leveraged to the development of technological solutions, regulations, processes and procedures for the safe and efficient integration of eVTOL aircraft into European airspace in the future.
EH shares sank 22 cents, or 1.6%, to $13.65.
