EHang Responds to Short Seller Report
08 November 2023 - 4:19AM
EHang Holdings Limited (Nasdaq: EH) (“EHang” or the
“Company”), the world's leading urban air mobility ("UAM")
technology platform company, announced that the report published
today by short seller Hindenburg Research contains untrue
statements and misinterpretation of information regarding the
Company’s business operations and financial conditions. The report
highlights the short seller's cursory and incomplete understanding
of the Company's industry and business operations.
The accumulated orders and pre-orders the
Company has received in the past reflected the strong interest and
genuine demand from customers for EHang's innovative electric
vertical take-off and landing (“eVTOL”) products, which are based
on signed contracts and planned for delivery after obtaining
regulatory approvals, as per customers' requests. The Company will
continue to provide updates on its order pipeline from time to
time, including significant new orders it received after obtaining
the certificate for unmanned eVTOL from the Civil Aviation
Administration of China.
The Company firmly denies the allegations in the
short seller report that the Company misled investors about its
order pipeline and sales, and will take appropriate actions to
protect its and its shareholders’ interests.
About EHangEHang (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 StatementThis 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 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.
Media
Contact: pr@ehang.comInvestor
Contact: ir@ehang.com
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