Multi Level Group, EHang and ADIO seal strategic collaboration to drive eVTOL development in the UAE

• Collaboration with global eVTOL player EHang announced during Abu Dhabi’s inaugural DRIFTx event
• Agreement aims to promote eVTOLs to transform the way people and goods are transported
• EHang looking to promote business activities with local partners including manufacturing, flight operations, research and development, training and MRO
  

ABU DHABI, United Arab Emirates, April 26, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that the Company is partnering with the leading fintech group in the MENA region Multi Level Group (“MLG”) and the Abu Dhabi Investment Office (“ADIO”) to drive eVTOL development in the UAE and beyond. During Abu Dhabi’s inaugural DRIFTx event, a global platform to discuss and engage innovations that will shape the future of mobility, ADIO and MLG signed a trilateral agreement with EHang.

(Picture: EHang signed the MoU with ADIO and MLG.)

EHang is looking to set up their regional headquarters in Abu Dhabi to promote business activities with local partners including manufacturing, flight operations, research and development, training and Maintenance, Repair, and Overhaul (“MRO”) facilities.

ADIO will be providing EHang with a comprehensive range of growth-enabling support, including providing data and information related to establishing and operating a manufacturing and industrial services business in Abu Dhabi; setting up enablement and links with the Abu Dhabi ecosystem and international trade opportunities.

Badr Al-Olama, Director General of Abu Dhabi Investment Office (ADIO), said: “ADIO continues to work with leading global players to accelerate the adoption of smart and autonomous vehicles across air, land and sea. Our collaboration with Multi Level Group, and air mobility leaders such as EHang, will play a key role in driving Abu Dhabi’s efforts in promoting eVTOLs to transform the way people and goods are transported and in advancing the future of mobility globally.”

EHang (Nasdaq: EH) is one of the world’s leading urban air mobility (UAM) technology platform companies. It provides customers in various industries with pilotless eVTOL aircraft and unmanned aerial vehicle (UAV) systems and solutions. EHang’s EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China.