EHang Smart and Dawan Technology form a strategic partnership to jointly develop the world's first electric vertical take-off and landing ultra-fast charging battery



Guangzhou, China, April 28, 2024 (GLOBE NEWSWIRE) — EHang Holdings Co., Ltd. (EHang or the Company) (Nasdaq: EH), the world’s leading urban air mobility (UAM) technology platform company, announces its establishment strategy Partnership with Guangzhou Dawan Technology Co., Ltd. (Dawan Technology or GBT), which specializes in ultra-fast charging, appeared at the 16th Chongqing International Battery Technology Exchange Conference/Exhibition to develop the world's first ultra-fast charger (UFC)/applicable to hundreds of millions of users eXtreme Fast Charging (XFC) battery solution for avionics’ electric vertical takeoff and landing (eVTOL) aircraft. This cooperation aims to promote the research, development and industrialization of eVTOL power system components and modules in the field of urban air transportation, and lay an ecological foundation for low-altitude economic and commercial operations.

(Picture: EHang Smart and GBT cooperate to develop the world’s first ultra-fast/eXtreme fast-charging battery for eVTOL)

Based on EHang’s eVTOL aircraft (including EH216-S, VT30, etc.), EHang and GBT will jointly develop eVTOL power cells, batteries, battery packs, charging piles and energy storage systems that comply with the airworthiness standards of the Civil Aviation Administration of China. ) and 4H standards (i.e. high energy density, high cycle life, high instantaneous charge and discharge rate, high safety), thereby realizing the adaptation and adoption of ultra-fast charging power batteries on EHang’s electric vertical take-off and landing aircraft. In addition, the two parties will also gradually develop infrastructure such as fast charging piles and charging stations to build an ecosystem for future commercial operations.

The power battery system is one of the core components of the aircraft, and its performance determines the aircraft's range, stability, safety and operating efficiency. The UFC/XFC battery for electric vertical take-off and landing aircraft jointly developed by both parties will give full play to its advantages in fast charging speed and is expected to charge from 30% to 80% in just 5 to 10 minutes. (ii) The battery system exceeds 200Wh /kg, and (iii) long cycle life of over 2000 cycles. It will further improve the safety, endurance, and operational efficiency of EHang’s eVTOL products, and can better meet the core needs of eVTOL aircraft for large-scale, high-frequency operations at low altitudes in cities, such as convenient, efficient, and economical mobility.

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Pei Feng, President of GBT” Said: The battery system is the “base station” in the clean energy network, and the speed of its energy flow affects the efficiency of industrial innovation and user experience. GBT is currently the only company in the world that has achieved mass production of constant power and high-rate power batteries, and EHang Intelligent is the only company in the world that has obtained all three certificates for its manned unmanned electric vertical take-off and landing aircraft. The cooperation between the two parties will explore efficient operation models for low-altitude transportation and promote the further development and progress of the urban air transportation industry.

Hu Huazhi, founder, chairman and CEO of Ehang Intelligent“We are very pleased to join hands with GBT, a powerful partner in the XFC battery field, to jointly create the XFC era of electric vertical take-off and landing aircraft.” EHang Smart EH216-S has obtained all type certificates, production certificates and standard airworthiness certificates issued by the Civil Aviation Administration of China, and is in the critical stage of entering commercial operation. Our cooperation will promote the establishment of a UFC ecosystem for eVTOL aircraft, reduce the charging time of eVTOLs, and lay the foundation for low-altitude, economical, low-cost, large-scale, and efficient commercial operations.

About Dawan Technology

Guangdong-Hong Kong-Macao Technology is the first mixed-ownership private high-tech private enterprise incubated within GAC Group. GBT focuses on the R&D, production and services of a new generation of breakthrough energy storage technology – Extreme Fast Charge (XFC) batteries and their systems. At present, three major product series have been formed: ultra-fast, ultra-fast and standard fast. GAC AION V Plus 70 is equipped with a GBT 7-minute (0~80% charge in 7.5 minutes) battery, setting a world record for the fastest electric vehicle charging technology by the World Record Certification Agency (WRCA). GBT is also actively increasing its battery cell and battery pack production capacity. The first phase of the new headquarters and production base located in Nansha District, Guangzhou has been completed and put into operation at the end of October 2023.

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About EHang

EHang Intelligent (Nasdaq: EH) is the world's leading urban air mobility (UAM) technology platform company. Our mission is to provide safe, autonomous and environmentally friendly air transportation for everyone. EHang Intelligence provides drone systems and solutions to customers in various industries: air transportation (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang Smart EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for manned unmanned electric vertical take-off and landing aircraft issued by the Civil Aviation Administration of China. As a pioneer in cutting-edge drone technology and commercial solutions in the global UAM industry, EHang Intelligence continues to explore the boundaries of the sky, allowing flight technology to benefit smart city life. For more information, please 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. Believe, estimate, may 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. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, results related to certification, our expectations for demand for and market acceptance of our products and solutions, and commercialization. Services, our relationships with strategic partners, and current and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Although they believe that 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. scope. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

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Investor Contact:ir@ehang.com

Media Contact: pr@ehang.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/62632dde-6b6b-44e9-802c-de503cfdbc72





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