As of 12:50 p.m. EST shares of Chinese Li Auto are up 8.6% and ElectraMeccanica Vehicles (NASDAQ:SOLO) — making a three-wheeled electric vehicle in China accessible in America — is up 10.3%. Beating these two better-known shares, though, is just a maker that is small-cap of aerial vehicles” — traveling electric cars — called EHang Holdings (NASDAQ:EH).
There is little news that is obvious explain why investors are bidding up stocks of Li or ElectraMeccanica today. Absent any analyst upgrades, cost target hikes, or pr announcements through the organizations on their own, my reckon that is better is today’s rebound within the share price at Tesla is simply offering investors in electric vehicles in general more confidence in the sector.
Now about this third “EV” company though: EHang Holdings. Right here, a little is had by us of news to hold today’s stock price rally on. Today EHang announced it calls “urban air mobility” solutions in Zhuhai, Asia it has begun to offer exactly what. As of 12:50 p.m. EST shares of Chinese Li Auto are up 8.6%.
In partnership with the Zhuhai Da Heng Qin Pan-Tourism Development Co. and Zhuhai Huafa Sports Operations Management Co., EHang is providing sightseeing that is aerial aboard its autonomous aerial vehicles (AAVs) above the Hengqin brand new region island in Guangdong Province. On Jan. 8, a fleet of EH216 AAVs carried a total of 36 people on sightseeing trips in a demonstration of “centralized management of simultaneous routes of multiple AAVs,” the ongoing business reports.
And this could possibly be simply the start of EHang’s business. Hengqin brand new Area Deputy Secretary Li Weihui, said in EHang’s launch that “this movement that is brand new of atmosphere mobility will have more and better makes use of” in the future. For a business that’s already grown its revenue a lot more than five times in less than 3 years, tiny EHang looks to make good on its solution to becoming the title that is biggest in robot-piloted atmosphere taxis — at the least in Asia.