EHang Holdings (EH) said Monday it has signed a partnership with Zhuhai Enpower Electric to co-develop electric motors and motor controllers for the former's electric vertical take-off and landing aircraft.
Financial terms weren't disclosed.
Under the terms, the two parties will develop electric motor drive systems that meet the specifications of EHang's electric vertical take-off and landing aircraft products and satisfy the airworthiness requirements of civil aviation authorities, the company added.
EHang's shares rose 3% in recent Monday premarket activity.
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