EHang Holdings Limited (NASDAQ:EH) is one of the Best Small-Cap Drone Stocks to Invest In. On August 1, EHang Holdings Limited (NASDAQ:EH) reported that its VT20 series logistics UAV has completed an intercity round-trip cargo delivery flight between Zhuhai and Guangzhou.
In a notable achievement, EHang’s VT20 series completed the cargo flight route in the Guangdong-Hong Kong-Macao Greater Bay Area. The one-way flight covered 83 km and took over 45 minutes to deliver the cargo. This development significantly improves logistics efficiency, saving up to 40 minutes between Zhuhai and Guangzhou compared to road transport.
“Our vision is to develop the Tangjiagang Port Model, the Wanshan Blueprint, and the Marine Demonstration Zone as benchmarks of China’s low-altitude economy—leveraging aerial innovation to create new productive forces for the blue economy,” Wei Liu, Senior Director at EHang.
Wanyi Tianxia Aviation operates the flight route between Zhuhai and Guangzhou, which is a joint venture by EHang, Zhuhai Wanshan Development Group, and Feixing Tianxia Technology. The strategic collaboration is to support UAV projects across the Wanshan Archipelago to build a ‘Tangjiagang Port Mode’ for the low-altitude economy.
EHang Holdings Limited (NASDAQ:EH) operates as an urban air mobility technology platform company. EHang designs, develops, manufactures, and operates UAVs, along with supporting systems and infrastructure for different industries and applications.
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Disclosure: None. This article is originally published at Insider Monkey.