EHang Holdings Ltd (Nasdaq: EH) saw its stock surge 5.93% in pre-market trading on Monday, building on the momentum from the previous trading session. The surge comes in response to a game-changing announcement that positions EHang at the forefront of the Urban Air Mobility (UAM) industry.

The company revealed that its subsidiary, Guangdong EHang General Aviation Co., Ltd., and its joint venture, Hefei HeYi Aviation Co., Ltd., have been granted the first batch of Air Operator Certificates (OCs) for civil human-carrying pilotless aerial vehicles by the Civil Aviation Administration of China (CAAC). This milestone achievement makes EHang the world's first eVTOL company to secure the full suite of regulatory certifications, including the type certificate, standard airworthiness certificate, production certificate, and now the air operator certificate.

Investors are reacting positively to this news, recognizing its significant implications for EHang's business prospects. The OCs pave the way for the company to offer commercial flight services for low-altitude tourism, urban sightseeing, and various human-carrying flights in Guangzhou and Hefei, with plans to expand to urban commuting in the future. This development not only positions EHang as a leader in the emerging UAM market but also opens up new revenue streams, potentially accelerating the company's path to profitability. As EHang continues to expand its operations across China and collaborate with partners to establish more low-altitude transportation operation centers, the market appears optimistic about the company's future growth in the rapidly evolving UAM industry.