Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
14 November 2024 - 10:47PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number 001-39151
EHANG HOLDINGS LIMITED
11/F Building
One, EHang Technology Park
No. 29 Bishan Blvd., Huangpu District
Guangzhou, 510700
Peoples Republic of China
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or
Form 40-F. Form 20-F ☒ Form 40-F ☐
Exhibit Index
Exhibit 99.1 Press Release: EHang Announces US$22 Million PIPE Investment From Strategic Investors Including Enpower
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
EHang Holdings Limited |
|
|
|
|
|
|
|
|
By: |
|
/s/ Conor Chia-hung Yang |
|
|
|
|
Name: |
|
Conor Chia-hung Yang |
|
|
|
|
Title: |
|
Chief Financial Officer |
|
|
|
Date: November 14, 2024 |
|
|
|
|
Exhibit 99.1
EHang Announces Over US$22 Million PIPE Investment From Strategic Investors Including Enpower
GUANGZHOU, China, November 14, 2024 EHang Holdings Limited (EHang or the Company) (Nasdaq: EH), the worlds leading
Urban Air Mobility (UAM) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (Enpower, SZ300681), a Chinese leading new
energy vehicle power systems provider, and a strategic institutional investor from the Middle East. Both investors agree to a 180-day lock-up period.
The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang,
aimed at co-developing high-performance electric motor drive systems for EHangs suite of electric vertical take-off and landing (eVTOL) aircraft.
Additionally, the strategic investment from the United Arab Emirates (UAE)-based investor reflects their optimism in Chinas emerging low-altitude economy industry and EHangs growth potential as a global eVTOL leader. The UAE represents one of EHangs largest international markets with an intentional order book of 100 units with five
units delivered. This investor will utilize their extensive financial and business network to assist in EHangs international expansion in other countries in the Middle East as well as in Southeast Asia.
1
This strategic investment brings EHangs total year-to-date financing to nearly US$100 million, enhancing the Companys financial position as it embarks on its next phase of development and growth in the global UAM industry. The financing
proceeds will bolster EHangs efforts to advance the Companys next-generation eVTOL technologies and products, scale production capacity, expand its team, establish new headquarters and operation sites, and support general corporate
activities.
Mr. Conor Yang, Chief Financial Officer of EHang, commented, We are pleased to announce the strategic investment, which is a
testament to the investors confidence in EHangs vision, strength and industry leadership. With this investment, we are well-positioned to capitalize on the vast opportunities in the UAM market and accelerate our development pace.
Additionally, the strategic investors support in the upstream industry chain and in downstream international market development will help us to strengthen our competitive edge. We will continue to push the boundaries of innovation, safety, and
sustainability, and work towards making UAM a reality for people around the world.
About EHang
EHang (Nasdaq: EH) is the worlds 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. EHangs flagship product EH216-S has obtained the worlds first type certificate, production certificate and standard
airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. 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.
2
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 managements 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 managements control. These statements involve risks and uncertainties that may cause EHangs actual results,
performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
3
Media Contact: pr@ehang.com
Investor Contact: ir@ehang.com
4
EHang (NASDAQ:EH)
Historical Stock Chart
From Oct 2024 to Nov 2024
EHang (NASDAQ:EH)
Historical Stock Chart
From Nov 2023 to Nov 2024