Guangzhou, China, February 21, 2024 - EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced it has entered into a strategic alliance with Telefónica Tech, a subsidiary of Telefónica, a world-leading telecommunications service provider with over 300 million customers and digital and telecom solutions offered in over 170 countries. The two companies will partner up on network connectivity solutions for deploying UAM intelligent solutions in Europe and Latin America. 

Alfredo Serret, Global Head of IoT at Telefónica Tech (left) and Victoria Xiang, Chief Operating Officer (“COO”) of EHang Europe and Latin America  (right)

The two companies will join forces to combine Telefónica Tech’s cutting-edge connectivity and Internet of Things (“IoT”) expertise with EHang’s technical capabilities in the unmanned Advanced Air Mobility sector to implement use cases encompassing Air Mobility, Smart City Management and Aerial Media solutions in passenger transportation, logistics, medical delivery services and emergency response across Europe and Latin America.

Telefónica Tech and EHang will also set out to develop connectivity solutions based on mobile networks for the safe and efficient integration of drones and electric vertical take-off and landing (“eVTOL”) aircraft with digital Unmanned Aircraft System Traffic Management (“UTM” or U-Space) systems.

The two companies will also collaborate on Drone Light Shows, performed with swarms of drones, to digitalise and improve sustainability of large-scale shows and events.

Both companies will rely on the operational and technical capabilities of EHang’s European UAM Center located in Spain, a global pioneer in Advanced Air Mobility and intermodal transportation, and Telefónica Tech’s TheThinX laboratory, one of the most advanced and best equipped IoT environments in the world.

Telefónica Tech’s TheThinX laboratory

EHang’s European UAM Center in Spain

Mr. Alfredo Serret, Global Head of IoT at Telefónica Tech, commented, “The partnership with EHang means being part of a pioneering project for the air mobility of the future. The fact that EHang relies on our connectivity to develop the sector in Europe and Latin America confirms the strong positioning of our service in both markets, and means combining capabilities to enable connected, safe, efficient and green air mobility for all.”

Ms. Victoria Xiang, COO of EHang Europe and Latin America, said, “We are delighted to join forces with Telefónica Tech to jointly deploy UAM and the low altitude economy in Europe and Latin America. Telefónica Tech’s capabilities and expertise in connectivity and the IoT will enable EHang to deploy its solutions efficiently and securely, allowing millions of people to benefit from its applications in their daily lives.”

About Telefónica

Telefónica is one of the world’s leading telecommunications service providers. The company offers fixed and mobile connectivity services, as well as a wide range of digital services for individuals and companies. The company is present in Europe and Latin America, where it has more than 383 million accesses. Telefónica is a totally private company whose shares are listed on the continuous market of the Spanish stock exchanges and on the New York and Lima stock exchanges. For more information, please visit www.telefonica.com.

Telefónica Tech is a Telefónica’s subsidiary company in digital transformation. The company offers a wide range of services and integrated technological solutions for Cyber Security, Cloud, IoT, Big Data and Blockchain. For more information, please visit www.telefonicatech.com.

About EHang

EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang has obtained the world’s first type certificate for unmanned eVTOL from the Civil Aviation Administration of China in 2023. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.