EHang Announces New Regionalised Marketing Management Team

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GUANGZHOU, China, July 23, 2020 (GLOBE NEWSWIRE) – EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the global leader in autonomous aerial vehicle (“AAV”) technology platforms, announced today the appointment of a new regionalized marketing management team. Mr. Edward Xu, chief strategy officer of the company, will lead marketing activities outside of Europe, and Mr. Andreas Perotti, chief marketing officer of EHang Europe, will lead marketing activities in Europe. EHang has established an international team in Europe to further strengthen its local presence and operations, which is part of the company’s strategic expansion initiative as a global AAV technology company.

Prior to joining EHang, Mr. Xu was responsible for Asia Transportation Research at Morgan Stanley Asia Limited. During his 15-year career as an Equity Research Analyst at Morgan Stanley, he has extensively covered the aviation, transportation and logistics industries and has developed in-depth knowledge and relationships. in these sectors in Asia.

Mr. Perotti has over a decade of international marketing and communications experience with senior marketing positions in the aviation industry, government and telecommunications sectors including the European Parliament, Telekom Austria Group, FACC AG, and more.

In the meantime, Mr. Derrick Xiong has resigned from his positions as Director of Marketing and Director of the Company. Mr. Xiong’s resignation is for personal reasons and will take effect on July 27, 2020. Following this change, the board of directors of the Company (the “Board”) will be composed of a majority of independent directors.

“On behalf of the Board of Directors and the management team, I would like to express our sincere appreciation to Derrick for his dedication and tremendous contributions to EHang. We wish him every success in his future endeavors, ”said Mr. Huazhi Hu, Founder, Chairman of the Board of Directors and CEO of EHang. “We believe that the new regionalised marketing management team, with its strong expertise and international capabilities, will strengthen our global marketing capabilities. By leveraging local talent, we will be able to offer customized solutions that meet the specific needs of the local market. We are confident that EHang will continue to be a global leader in our industry.

Safe Harbor Declaration
This press release contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “shall” , “” Expects “,” anticipates “,” aims “,” future “,” intends “,” foresees “,” believes “,” believes “,” is likely to “and similar statements . Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties which may cause EHang’s actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements.

About EHang
EHang (Nasdaq: EH) is the world leader in autonomous aerial vehicle (AAV) technology platforms. Our mission is to make safe, autonomous and ecological air mobility accessible to all. EHang provides customers in various industries with AAV products and business solutions: air mobility (including passenger transportation and logistics), smart city management and air media solutions. As a forerunner of cutting-edge AAV technologies and commercial solutions in the global urban air mobility (UAM) industry, EHang continues to explore the limits of the skies for flight technologies to benefit our lives in smart cities. . For more information, please visit www.ehang.com.

Media contact:
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Investor contact:
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In the USA: [email protected]
In China: [email protected]

The photos accompanying this announcement are available on:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d81bb749-ffd9-4815-a813-a224f72daf8c

https://www.globenewswire.com/NewsRoom/AttachmentNg/86b8c888-16f9-4c5d-9670-b8189878a0eb


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