GUANGZHOU, China, April 11, 2022 (GLOBE NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), a global leader in autonomous aerial vehicle (“AAV”) technology platform , announced that EHang received a pre-order of 100 units of EH216 AAV from Prestige Aviation, an Indonesian aviation company and a subsidiary of Prestige Corp., during the online contract signing ceremony at the International Air Show. Automobile Indonesia 2022 (“IIMS 2022”) on April 9, 2022. This is the largest pre-order EHang has received to date for its passenger-grade AAVs in Asia. Prestige Aviation had previously purchased a unit of EH216 from EHang, and the two parties jointly conducted a first flight demonstration for aerial visits to Bali, Indonesia in 2021.

Bambang Soesatyo, Chairman of the People’s Consultative Assembly of the Republic of Indonesia, attended the signing ceremony at IIMS 2022 and said, “I am delighted to witness a further strengthening of the collaboration between Prestige and EHang and their joint efforts to promote wider application of Urban Air Mobility (“UAM”) solutions in the Indonesian market. Next, we hope to explore more possibilities to facilitate the implementation of UAM in Indonesia and seek breakthroughs in infrastructure, airworthiness certification and other related areas.

Rudy Salim, Executive Chairman of Prestige Aviation, said, “EHang has long been a critical partner of Prestige Aviation. As a forerunner of sustainable transportation in Indonesia, we hope to meet the air travel needs of the Indonesian public and therefore we are ready to support the Smart City initiative of the new Indonesian capital Nusantara with the EH216 AAVs. Indonesia is an archipelagic country with more than 17,000 islands within its borders. Therefore, a new mode of transportation that can facilitate inter-island mobility will undoubtedly help regional economies grow exponentially, aided by its low cost compared to other conventional land routes. We will partner with EHang to bring safe, efficient, economical and eco-friendly transportation solutions to facilitate inter-island mobility and many other scenarios in Indonesia.

Hu Huazhi, Founder, Chairman and CEO of EHang, attended the online ceremony and said, “We sincerely appreciate all the support and recognition from Prestige Aviation and our growing partner network, which inspire EHang to further expand our global market. We will continue our in-depth collaboration with Prestige Aviation on the UAM in Indonesia. We believe that as the Regional Comprehensive Economic Partnership (“RCEP”) brings policies conducive to international cooperation, we will further accelerate the development of AMU in the Asia-Pacific region with the aim of benefiting people. state-of-the-art AAV technologies. »

About Prestige Aviation
Prestige Aviation is a company specializing in the aviation industry and operates under the supervision of its parent company, Prestige Corp. Prestige Aviation provides aeronautical services which include the sale and acquisition of air vehicles and the rental of private jets.

About EHang
EHang (Nasdaq: EH) is the global leader in autonomous aerial vehicle (AAV) technology platforms. Our mission is to make safe, autonomous and environmentally friendly air mobility accessible to all. EHang provides customers from various industries with AAV products and business solutions: air mobility (including passenger transport and logistics), smart city management and air media solutions. As a forerunner of cutting-edge AAV technologies and business solutions in the global Urban Air Mobility (UAM) industry, EHang continues to explore the limits of the sky for flight technologies to benefit our lives in smart cities. . For more information, visit www.ehang.com.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Although they believe these expectations, assumptions, estimates and projections to be reasonable, these 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 such forward-looking statements.

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