EHang and Greater Bay Technology Form Strategic Partnership to Jointly Develop World's First Ultra-Fast/eXtreme Fast Charging Batteries for eVTOL
28 Abril 2024 - 9:21AM
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading Urban Air Mobility (“UAM”) technology platform
company, announced that it has established a strategic partnership
with ultra-fast charging-focused Guangzhou Greater Bay Technology
Co., Ltd. (“Greater Bay Technology” or “GBT”) at the 16th Chongqing
International Battery Technology Exchange Conference/Exhibition for
the research and development of the world’s first Ultra-Fast
Charging (“UFC”)/eXtreme Fast Charging (“XFC”) battery solutions
for EHang’s electric vertical takeoff and landing (“eVTOL”)
aircraft. The partnership is to promote the research and
development as well as industrialization of eVTOL power system
components and modules in the UAM sector, laying an ecological
foundation for commercial operations of the low-altitude economy.
(Picture: EHang and GBT cooperate to develop the
world’s first ultra-fast/eXtreme fast charging batteries for
eVTOL)
Based on EHang’s eVTOL aircraft (including
EH216-S, VT30 and others), EHang and GBT will jointly develop eVTOL
power cells, batteries, packs, charging piles and energy storage
systems that meet the airworthiness standards of the Civil Aviation
Administration of China (the “CAAC”) as well as the 4H standards
(i.e. high energy density, high cycle life, high instantaneous
charge-discharge rate, and high safety), thereby achieving the
adaption and adoption of ultra-fast charging power batteries in
EHang’s eVTOL aircraft. Furthermore, both parties will gradually
develop fast-charging piles, stations and other infrastructures to
establish the ecology for future commercial operations.
Power battery system is one of the core
components of aircraft and its performance determines the range,
stability, safety, and operational efficiency of the aircraft. The
UFC/XFC batteries to be jointly developed by both parties for eVTOL
aircraft will offer a full scale of advantages in terms of (i) fast
charging speed, which is expected to only take five to ten minutes
to be charged from 30% to 80%, (ii) over 200Wh/kg high energy
density of the battery system, and (iii) long cycle life of over
2,000 cycle times. It will further enhance EHang’s eVTOL products
in terms of safety, endurance, and operational efficiency, in order
to better meet the core demands of convenience, efficiency, and
economy for large-scale and high-frequency operations of eVTOL
aircraft in urban low-altitude mobility.
Pei Feng, President of GBT,
said: “The battery system is the ‘base station’ in the clean energy
network, and its speed of 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 high-rate power batteries, while EHang is the only
company in the world that has achieved all three certificates for
its passenger-carrying pilotless eVTOL aircraft. The cooperation
between the two parties will explore an efficient operation mode
for low-altitude transportation and propel further development and
progress in the UAM industry.”
Huazhi Hu, Founder, Chairman and CEO of
EHang, remarked, “We are pleased to join hands with GBT, a
strong partner in the field of XFC batteries, and jointly create an
XFC era for eVTOL aircraft. EHang’s EH216-S is in a critical stage
entering into commercial operations with all the type certificate,
production certificate and standard airworthiness certificate
issued by the CAAC. Our cooperation will promote the establishment
of UFC ecology for eVTOL aircraft, reduce the charging time of
eVTOL, and strengthen the foundation for low-cost, large-scale and
high-efficiency commercial operations in the low-altitude
economy.”
About Greater Bay
Technology
Greater Bay Technology is the first private-held
high-tech private enterprise with mixed-ownership, internally
incubated by Guangzhou Automobile Group Co., Ltd (GAC). GBT focuses
on R&D, production, and services of eXtreme Fast Charging (XFC)
battery, a new generation of breakthrough energy storage and its
system. It currently establishes three major product series
including ultra-fast, super-fast, and standard-fast. GAC’s AION V
Plus 70 powered by GBT’s 7-Min(0~80% charging in 7.5 minutes)
battery set the world record of the “fastest electric vehicle
charging technology” by the World Record Certification Body (WRCA).
GBT is also active in building up its capacity in battery cells and
battery pack. The first phase of the newly built headquarters and
production base in Nansha District, Guangzhou City, was completed
and put into operation at the end of October 2023. As the world’s
first specialized factory for eXtreme Fast Charing power batteries,
the total production capacity of this base will be 8GWh/year.
About EHang
EHang (Nasdaq: EH) is the world’s 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. EHang’s EH216-S has
obtained the world’s first type certificate, production certificate
and standard airworthiness certificate for passenger-carrying
pilotless eVTOL aircraft 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.
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 management’s 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 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 these forward-looking statements.
Investor Contact:
ir@ehang.com
Media Contact: pr@ehang.com
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/62632dde-6b6b-44e9-802c-de503cfdbc72
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