Urban Air Mobility

EHang Secures Production Certificate from CAAC, Clearing Path for Mass Production of EH216-S Pilotless eVTOL Aircraft

Retrieved on: 
Sunday, April 7, 2024

Following the groundbreaking obtaining of the Type Certificate (“TC”) and the Standard Airworthiness Certificate (“AC”) for the EH216-S, this remarkable achievement is another significant leap towards mass production for the eVTOL aircraft and the following commercial operations.

Key Points: 
  • Following the groundbreaking obtaining of the Type Certificate (“TC”) and the Standard Airworthiness Certificate (“AC”) for the EH216-S, this remarkable achievement is another significant leap towards mass production for the eVTOL aircraft and the following commercial operations.
  • The PC is a critical certificate issued by the national aviation authority, the CAAC, to the aircraft manufacturer.
  • Securing this certificate indicates that EHang has established a mass production quality management system that meets the CAAC’s airworthiness regulatory requirements, and the Company has been authorized for continued mass production.
  • The mass production quality management system for the EH216-S encompasses raw materials, supplier management, production organization, production quality control, aircraft pre-delivery test, after-sales repair and maintenance, etc.

Amprius Selected to Power AIBOT’s aiEVTOL Ecosystem

Retrieved on: 
Tuesday, April 9, 2024

Amprius SiCoreTM batteries will enable AIBOT's next-generation aiEVTOL vehicles, ushering in a new era in electric aviation.

Key Points: 
  • Amprius SiCoreTM batteries will enable AIBOT's next-generation aiEVTOL vehicles, ushering in a new era in electric aviation.
  • View the full release here: https://www.businesswire.com/news/home/20240409450625/en/
    Amprius Selected to Power AIBOT's aiEVTOL Ecosystem (Graphic: Business Wire)
    This strategic partnership underscores both companies' commitment to innovation and sustainability in the electric aviation space.
  • Amprius’ SiCore cells, renowned for their high energy density, power, and reliability, will play a pivotal role in powering AIBOT's aiEVTOL ecosystem, which includes both its heavy-lift air cargo eVTOL drone and single-pilot, six-passenger eVTOL air taxi aircraft.
  • This collaboration is a critical step forward in our commitment to delivering an aiEVTOL ecosystem that is revolutionary and sustainable.

Japanese Investors Believe Increased Global Urbanisation is Set to Fuel Growth in eVTOL Sector

Retrieved on: 
Tuesday, March 19, 2024

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, publishes new global research* that indicates the global trend towards urbanisation is believed by Japanese private equity, venture capital and family office investors to be a key driver behind the anticipated growth in the eVTOL. The study from PureProfile, commissioned by the Company, surveyed investors in Japan responsible for more than $423 billion assets under management.

Key Points: 
  • The study from PureProfile, commissioned by the Company, surveyed investors in Japan responsible for more than $423 billion assets under management.
  • The need to address such transportation issues is believed by 65% of Japanese professional investors to be a key driver behind the growth of the eVTOL market.
  • Only 5% of professional investors in Japan believe the debut date for commercial passenger routes will extend beyond 2030.
  • Roughly three out of four (78%) Japanese investors believe public support for eVTOLs will grow over the next three years with 18% anticipating a dramatic increase in public confidence.

EHang Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Friday, March 15, 2024

During the fourth quarter of 2023, in which the EH216-S obtained the TC, the Company generated positive cash flow from operations.

Key Points: 
  • During the fourth quarter of 2023, in which the EH216-S obtained the TC, the Company generated positive cash flow from operations.
  • EHang has delivered 15 units of EH216-S to Hefei in the fourth quarter of 2023.
  • Costs of revenues were RMB20.0 million (US$2.8 million), compared with RMB5.3 million in the fourth quarter of 2022 and RMB10.1 million in the third quarter of 2023.
  • Total operating expenses were RMB114.5 million (US$16.1 million), compared with RMB104.0 million in the fourth quarter of 2022, and RMB89.8 million in the third quarter of 2023.

Taxiing For Takeoff: The Promise of eVTOLs, Reports IDTechEx

Retrieved on: 
Tuesday, April 2, 2024

Many of the world's largest aerospace and automotive companies are ramping up their interest in eVTOL aircraft, recognizing it as a potentially disruptive new transport mode.

Key Points: 
  • Many of the world's largest aerospace and automotive companies are ramping up their interest in eVTOL aircraft, recognizing it as a potentially disruptive new transport mode.
  • This IDTechEx webinar will focus on the core challenges and opportunities in this emerging industry.
  • Shazan Siddiqi, will present analysis of this rapidly developing market, with insights from the new IDTechEx report "Air Taxis: Electric Vertical Take-Off and Landing (eVTOL) Aircraft 2024-2044: Technologies, Players".
  • The webinar will address the following points:
    Please click here to check timings and register for your specific time zone.

Taxiing For Takeoff: The Promise of eVTOLs, Reports IDTechEx

Retrieved on: 
Tuesday, April 2, 2024

Many of the world's largest aerospace and automotive companies are ramping up their interest in eVTOL aircraft, recognizing it as a potentially disruptive new transport mode.

Key Points: 
  • Many of the world's largest aerospace and automotive companies are ramping up their interest in eVTOL aircraft, recognizing it as a potentially disruptive new transport mode.
  • This IDTechEx webinar will focus on the core challenges and opportunities in this emerging industry.
  • Shazan Siddiqi, will present analysis of this rapidly developing market, with insights from the new IDTechEx report "Air Taxis: Electric Vertical Take-Off and Landing (eVTOL) Aircraft 2024-2044: Technologies, Players".
  • The webinar will address the following points:
    Please click here to check timings and register for your specific time zone.

HYUNDAI TRANSYS Triumphs with Two Awards at "iF DESIGN AWARD 2024"

Retrieved on: 
Monday, March 25, 2024

Hosted by Germany's International Forum Design, the iF Design Award is considered one of the world's top three design competitions, alongside Germany's Red Dot Design Award and the International Design Excellence Awards (IDEA) in the United States.

Key Points: 
  • Hosted by Germany's International Forum Design, the iF Design Award is considered one of the world's top three design competitions, alongside Germany's Red Dot Design Award and the International Design Excellence Awards (IDEA) in the United States.
  • The competition evaluates design uniqueness and influence across nine disciplines: Product Design, Packaging Design, Communication Design, Interior Architecture, Professional Concept, Service Design, Architecture, User Experience (UX), and User Interface (UI).
  • Last year, HYUNDAI TRANSYS was shortlisted with its UAM cabin concept in the Crystal Cabin Awards, the Oscars of the aircraft cabin design industry.
  • Seo Seung-woo, Managing Director of HYUNDAI TRANSYS' Seat Division, expressed, "It is an honor to be recognized by the iF Design Award for HYUNDAI TRANSYS' commitment to providing new experiences and value in future mobility interiors.

HYUNDAI TRANSYS Triumphs with Two Awards at "iF DESIGN AWARD 2024"

Retrieved on: 
Monday, March 25, 2024

Hosted by Germany's International Forum Design, the iF Design Award is considered one of the world's top three design competitions, alongside Germany's Red Dot Design Award and the International Design Excellence Awards (IDEA) in the United States.

Key Points: 
  • Hosted by Germany's International Forum Design, the iF Design Award is considered one of the world's top three design competitions, alongside Germany's Red Dot Design Award and the International Design Excellence Awards (IDEA) in the United States.
  • The competition evaluates design uniqueness and influence across nine disciplines: Product Design, Packaging Design, Communication Design, Interior Architecture, Professional Concept, Service Design, Architecture, User Experience (UX), and User Interface (UI).
  • Last year, HYUNDAI TRANSYS was shortlisted with its UAM cabin concept in the Crystal Cabin Awards, the Oscars of the aircraft cabin design industry.
  • Seo Seung-woo, Managing Director of HYUNDAI TRANSYS' Seat Division, expressed, "It is an honor to be recognized by the iF Design Award for HYUNDAI TRANSYS' commitment to providing new experiences and value in future mobility interiors.

Global Emerging eVTOL Technology Research Report 2023: Aircraft MRO Providers Expanding Service Capabilities to Include UAM MRO Operations - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 5, 2024

The "Emerging eVTOL Technology: Creating Growth Opportunities in the Urban Air Mobility Landscape" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Emerging eVTOL Technology: Creating Growth Opportunities in the Urban Air Mobility Landscape" report has been added to ResearchAndMarkets.com's offering.
  • This study compares the maintenance, repair, and overhaul (MRO) elements of ICE and eVTOL aircraft, assessing the operational cost feasibility of eVTOL aircraft, and concluding with growth opportunities in the emerging eVTOL aircraft space.
  • Owing to limited data on the operational costs of eVTOL aircraft and their composition, this study details the modeling approach to derive operational cost estimates.
  • However, due to the fundamental design differences in eVTOL versus ICE aircraft, this is a particular area of major growth opportunities in the emerging UAM space.

SES Reports Fourth Quarter and Full Year 2023 Business and Financial Results; Provides 2024 Outlook

Retrieved on: 
Monday, February 26, 2024

SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs), Urban Air Mobility (UAM) and other applications, today announced its business and financial results for the fourth quarter and full year 2023, which ended December 31, 2023.

Key Points: 
  • SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs), Urban Air Mobility (UAM) and other applications, today announced its business and financial results for the fourth quarter and full year 2023, which ended December 31, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240226195853/en/
    The Company posted a Letter to Our Shareholders on its Investor Relations website from Founder and CEO Dr. Qichao Hu and Chief Financial Officer Jing Nealis, which provides a business update and details its fourth quarter and full year 2023 results.
  • “2023 was a great year for us,” said Dr. Hu.
  • The following link can be used to register for the call: earnings call webcast .