EHang's stock had previously
Posted: Mon Jan 06, 2025 8:53 am
Until recently, autonomous air taxis seemed like something out of science fiction. However, it will soon be possible to get into such vehicles for commercial purposes. Chinese startup EHang has been awarded the first certification in the world to commercially exploit autonomous flying taxis.
This is quite an achievement for the Chinese company , which almost two years ago assured that the EHang 216 autonomous flying taxi would soon receive certification (and now the Chinese authorities have been kind enough to grant it).
With the certification , EHang could begin testing its autonomous air taxi service in several regions of China this year. This puts the Asian startup in a prime position to become the provider of the first autonomous air taxi service in the world.
EHang experiences phenomenal rise on the stock market after the announcement of obtaining certification
With the certification from the Chinese authorities in hand, the Chinese company has taken a giant step forward compared to its direct competitors in the United portugal number screening States and Europe. And that is why investors have rewarded Ehang on the stock markets. Last Friday, when it was announced that the certification had been granted to Ehang, the shares of the Chinese startup shot up by around 40%.
been suspended on the stock exchange due to fears that the company's shares would fall victim to so-called "short sellers" (those who bet that an asset will suffer a sharp decline). But such fears appear to have been unfounded, as far from falling, Ehang shares have taken a huge leap on the stock exchanges.
However, despite the conspicuous rise in recent days, the truth is that EHang shares have definitely seen better times on the Nasdaq index. The value of the company's shares is currently around $20, far from the $125 they were worth in February 2021. And the company, which is currently valued at $1.23 billion, was once valued at $7 billion.
This is quite an achievement for the Chinese company , which almost two years ago assured that the EHang 216 autonomous flying taxi would soon receive certification (and now the Chinese authorities have been kind enough to grant it).
With the certification , EHang could begin testing its autonomous air taxi service in several regions of China this year. This puts the Asian startup in a prime position to become the provider of the first autonomous air taxi service in the world.
EHang experiences phenomenal rise on the stock market after the announcement of obtaining certification
With the certification from the Chinese authorities in hand, the Chinese company has taken a giant step forward compared to its direct competitors in the United portugal number screening States and Europe. And that is why investors have rewarded Ehang on the stock markets. Last Friday, when it was announced that the certification had been granted to Ehang, the shares of the Chinese startup shot up by around 40%.
been suspended on the stock exchange due to fears that the company's shares would fall victim to so-called "short sellers" (those who bet that an asset will suffer a sharp decline). But such fears appear to have been unfounded, as far from falling, Ehang shares have taken a huge leap on the stock exchanges.
However, despite the conspicuous rise in recent days, the truth is that EHang shares have definitely seen better times on the Nasdaq index. The value of the company's shares is currently around $20, far from the $125 they were worth in February 2021. And the company, which is currently valued at $1.23 billion, was once valued at $7 billion.