Civil Aviation Administration of China Awards EHang Passenger UAV System Type Certificate

DENVER, Colo., Oct 13, 2023 ( EHang Holdings Limited (NASDAQ:EH) reported, this morning, that it obtained the type certificate (“TC”), from the Civil Aviation Administration of China (“CAAC”), for itsEH216-S self-developed passenger-carrying unmanned aerial vehicle (“UAV”) system.

EHang is trading at $23.69, up $6.59 (+38.54%), on 928.97K premarket shares traded.

Its 52-week range is $ 3.3208 to $23.24. It’s trading above its 52-week high, which is a key support level, but as a foreign based listing this one will likely trade better in the premarket and morning, so it’s probably best to think scalp or swing.

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