BUZZ-EHang Holdings rises after securing order for 50 air taxis

Reuters
01 Jul
BUZZ-EHang Holdings rises after securing order for 50 air taxis

** U.S.-listed shares of China-based air taxi maker EHang Holdings EH.O up 3.9% to $17.65 in afternoon trade

** Co says it received purchase order for 50 of its EH216-S pilotless electric vertical take-off and landing (eVTOL) aircraft from Guizhou Scenic Tourism Development

** Says it has partnered with Anshun government to advance low-altitude cultural tourism

** Median PT of 11 brokerages covering GMS is $27 - LSEG data

** As of last close, stock up 8.42% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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