News for Kwoon Chung Bus Holdings Limited (0306.HK)

EHang Reports Third Quarter 2024 Unaudited Financial Results

Record-High Quarterly Revenues, Up 347.8% YoYAchieved Quarterly Adjusted Operating Income2 (non-GAAP) and the Second Consecutive Quarter of Adjusted Net Income3

Quarterly Revenues Up 919.6% YoY, Highest Growth Rate in Company HistoryAchieved Quarterly Adjusted Net Income3 (non-GAAP)Maintained Positive Operating...

HONG KONG, July 22, 2024 /PRNewswire/ -- EHang Holdings Limited ('EHang' or the 'Company') (Nasdaq: EH), the world's leading urban air mobility ('UAM') technology platform company, announced the signing of a purchase and operation cooperation agreement with KC Smart Mobility Company Limited ('KC Smart Mobility'), a subsidiary of Kwoon Chung Bus Holdings Limited ('KCBH') (0306.HK), the largest non-franchised bus operator in Hong Kong. This partnership aims to promote the deployment and operation of EHang's EH216-S pilotless electric vertical take-off and landing ('eVTOL') in Hong Kong, Macau, and the cities of Xiangyang and Shiyan in Hubei Province in China. According to the cooperation agreement, KC Smart Mobility plans to purchase a total of 30 units of EH216-S from EHang.

EHang partners with KC Smart Mobility for eVTOL deployment