EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, announced it has formed a strategic partnership with Charoen Pokphand Group Co., Ltd. (“C.P. Group”), one of the largest conglomerates in Thailand, with an intent to establish a joint venture in Thailand for AAV sales and urban air mobility (“UAM”) operations.
The two parties intend to fully leverage their respective expertise and resources in a long-term comprehensive collaboration on AAV product sales and marketing, regulatory compliance, business development, infrastructure deployment, talent cultivation, and so on, for future UAM operations and introduce the safe, autonomous and sustainable air mobility technology and solutions to Thailand as well as more overseas markets. The parties expect that their strategic collaboration will unleash UAM solutions’ value-creating potential across multiple industries.
As a leading tech and innovative multinational conglomerate based in Thailand with investments in 21 countries and economies, C.P. Group is comprised of eight business lines and 14 business groups, covering various sectors of agriculture-industry and food, retail and distribution, media and telecommunications, e-commerce and digital, property development, automotive and industrial products, pharmaceuticals, etc. The partnership opens up cross-sector cooperation opportunities for C.P. Group and EHang and sets up a solid foundation for potential use cases for EHang AAVs in various scenarios such as in aerial sightseeing, cargo transportation, last-mile delivery, city air taxi, smart city management, etc. in Thailand and beyond.
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Jiraporn Sudanich, Consul-General of the Royal Thai Consulate-General in Guangzhou, attended the signing ceremony of the strategic partnership and noted, “EHang’s innovative technologies are of great significance, which can be applied to various fields including tourism, logistics, healthcare, disaster mitigation and agriculture, etc. I believe that the cooperation between EHang and C.P. Group will enrich the industrial chain of robotic technology in Thailand, and I also expect to see EHang bring new vitality to the development of Thailand’s technology industry in the future.”
“By joining hands with EHang, a global pioneer in the autonomous eVTOL industry, we’ve made a step further toward our commitment to driving our businesses, society, and the environment closer to sustainability and exploring a new zero-carbon air mobility mode for the community,” said Thanakorn Seriburi, Senior Vice Chairman of C.P. Group. “Through leveraging EHang’s unique AAV technologies and efficient and eco-friendly UAM solutions for different industries, I believe our partnership will further create synergies among C.P. Group’s industrial, aviation, smart city, food, retail, pharmaceutical and other business lines, and will unlock opportunities on a diversified UAM ecosystem and facilitate the development of smart cities in Thailand.”
Huazhi Hu, EHang Founder, Chairman and CEO, commented, “We are thrilled to partner with C.P. Group to introduce EHang AAVs to Thailand, one of the largest Southeast Asian markets with great potentials for UAM operations. We will work with C.P. Group, who has a wealth of comprehensive business strengths in their local markets, on extensive and sustainable cooperation in various fields, to take the lead in bringing safe, autonomous and eco-friendly air mobility to Thai industries and society.”
As a world-leading AAV provider and UAM platform operator, EHang has recently been expanding its footprint to penetrate Asian markets with more customers and partners in Korea, Japan, Malaysia, Indonesia, and Thailand.
Date: May 30, 2022
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