EHang Holdings Limited (NASDAQ:EH) shares are trading higher premarket on Monday. The company disclosed a long-term strategic partnership with Zhuhai Enpower Electric Co., Ltd.The collaboration will focus on co-developing high-performance electric motors and motor controllers for EHang's electric vertical take-off and landing (eVTOL) aircraft.The collaboration aims to develop customized electric motor drive systems tailored to the specific needs of EHang's eVTOL products and the stringent airworthiness standards set by civil aviation authorities.This partnership will boost the performance and reliability ...Full story available on Benzinga.com
EHang is a China-based drone company that manufactures and sells autonomous aerial vehicles offering passenger transportation and logistics services for the commercial sector.