Self-driving air taxis have long been a tantalizing vision of the future, and now, they’re one step closer to becoming a reality in China. Guangzhou-based Ehang, a leading player in the electric vertical take-off and landing (eVTOL) industry, recently achieved a major milestone. The Civil Aviation Administration of China (CAAC), equivalent to the U.S. Federal Aviation Administration (FAA), granted Ehang an airworthiness “type certificate” for its EH216-S AAV (Autonomous Aerial Vehicle) – a fully autonomous drone designed to carry two passengers. This groundbreaking achievement makes Ehang the first company in the world to receive such a certificate, allowing them to operate passenger-carrying autonomous eVTOL aircraft in China.
The airworthiness certificate is a significant milestone for Ehang, and it represents a major step forward in the development of autonomous air travel. Ehang CEO Huazhi Hu expressed his optimism regarding the company’s future during a video conference interview with CNBC, stating, “Next year, we should start to expand overseas.” He emphasized that while overseas expansion is on the horizon, regulatory bodies in these regions still need to establish a process for mutual recognition of the Chinese airworthiness certification.
Ehang’s shares have been on a meteoric rise, nearly doubling in price throughout the year, and this achievement only adds to their momentum. With a market capitalization of approximately $1 billion, the company is well-positioned to lead the charge in the emerging eVTOL industry.
Ehang’s success in obtaining this certificate showcases China’s proactive approach to regulating autonomous flying vehicles. Earlier this year, China introduced new rules for unmanned aircraft flight, set to take effect on January 1, 2024, laying the groundwork for the certification of these innovative technologies. China’s commitment to embracing autonomous aviation is evident, with its role as the fastest-growing and largest market for such vehicles.
In the second quarter of this year, Ehang established a joint venture with Shenzhen-listed Xiyu Tourism and delivered five EH216-S units. The collaboration is geared towards the development of low-altitude tourism, with the ambitious goal of deploying at least 120 Ehang vehicles within the next five years. Furthermore, Ehang has secured pre-orders for over 1,200 units from international customers, including Japan AirX, Malaysian Aerotree, and Indonesia’s Prestige. The company plans to roll out deliveries gradually as the industry is still in its nascent stage of development.
One key aspect that sets Ehang apart is its impressive safety track record. CEO Huazhi Hu emphasized that Ehang has been conducting autonomous aerial flight testing since 2017, and while there were some incidents during the early experimentation phase, no major accidents have occurred during tens of thousands of subsequent flights, including overseas flights with human passengers. Safety remains a paramount concern in the development of autonomous air travel, and Ehang’s commitment to maintaining an impeccable safety record is reassuring for passengers and regulators alike.
This certification from the CAAC is a significant leap forward for Ehang and the broader eVTOL industry. With regulatory hurdles being cleared in China, the company is well-positioned to continue its international expansion, revolutionizing the way we travel and heralding the era of self-piloting air taxis. While fully autonomous air taxis may still be a few years away from becoming commonplace, Ehang’s pioneering achievement is a giant step towards that future, promising innovative, safe, and efficient air travel.
In a recent report released by the World Bank, East Asia and Pacific (EAP) economies are showcased as beacons of growth, surpassing global averages. However, the region faces impending headwinds, notably from China, casting a shadow over its growth trajectory for 2024.
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In a highly anticipated market debut, Reddit stock took off, closing its first day of trading with a staggering 48% surge from its initial public offering (IPO) price of $34 per share. The social media giant’s stock concluded the day at $50.44, propelling its market capitalization to over $8 billion.
In a significant move in Vietnam’s corporate landscape, Vingroup, the country’s largest conglomerate, has completed the sale of a 41.5% stake and other assets in its retail arm, Vincom Retail, for a staggering $1.6 billion. This transaction ranks among the largest mergers and acquisitions (M&A) deals in Vietnam in recent years, underscoring the dynamism of the country’s economy and corporate sector.
The integration of artificial intelligence (AI) into various facets of healthcare has revolutionized patient care, and its impact on surgery is poised to be profound. Leveraging AI’s capabilities to connect, analyze, and predict based on operating room data holds the promise of enhancing surgical efficiency and clinical decision-making. Recognizing this potential, NVIDIA has partnered with Johnson & Johnson MedTech to explore new AI capabilities within the realm of surgery, with the goal of advancing the company’s connected digital ecosystem for surgical procedures.
Apple is reportedly in discussions with Alphabet, Google’s parent company, regarding the licensing of Google’s “Gemini” artificial intelligence (AI) training model for integration into iPhones.
An Illinois jury has delivered a significant verdict in a case involving Mead Johnson’s Enfamil baby formula, ordering the company to pay $60 million to the mother of a premature baby who died from an intestinal disease after consuming the formula.
In the fast-paced world of software development, innovation is the name of the game. Cognition, a leading tech company, has introduced a groundbreaking solution that promises to transform the industry as we know it: Devin AI, the world’s first AI software engineer. Devin AI is not just another tool in the developer’s toolbox; it’s a game-changer that leverages the power of artificial intelligence and machine learning to automate coding tasks and streamline the development process.
When it comes to acing a job interview, there are certain tactics that can help you stand out and impress prospective employers. From showcasing your passion for the role to demonstrating problem-solving skills, there are plenty of strategies to employ. However, it’s equally important to be mindful of phrases that could raise red flags during the interview process.
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Vietnam received recognition in the 29th World Travel Awards in numerous categories
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Vietnamese dishes that fascinate foreigners
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First NFT vending machine in the world is now operational in New York
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The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
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