China gives Ehang the first industry approval for fully autonomous, passenger-carrying air taxis
Publishing timestamp: 2023-10-13 05:18:04
Summary
Guangzhou-based Ehang has received an airworthiness "type certificate" from the Civil Aviation Administration of China for its fully autonomous drone that can carry two human passengers. This certificate allows Ehang to fly passenger-carrying autonomous electric vertical take-off and landing (eVTOL) aircraft in China. The company plans to expand overseas next year. Ehang's shares have nearly doubled in price this year, and it has market capitalization of about $1 billion. The article also mentions other companies and regulators in the autonomous flying vehicle industry.
Sentiment: POSITIVE
Tickers: 300859-CN?QSEARCHTERM=300859, EH, JOBY,
Keywords: market insider, aerospace and defense industry, technology, joby aviation inc, business news, stock markets, ehang holdings ltd, china, breaking news: technology, markets,