Hyperdrive
China on Track to Test World’s First Flying Taxi Service
- Authorities certify autonomous two-seater to test aerial tours
- Company’s US-traded ADRs advance the most intraday this year
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China gave EHang Holdings Ltd. the go-ahead to begin trial air-taxi operations this year, a step toward the company’s goal of launching the world’s first commercial service using the futuristic battery powered craft.
US-traded EHang soared the most intraday this year on Friday after the company said its autonomous, two-passenger EH216-S secured China’s first type certificate signifying airworthiness from regulators. That will allow the Guangzhou, Guangdong-based company to work with local partners and conduct aerial tours of scenic locations such as Tianchi Lake in Xinjiang province and OH Bay in Shenzhen, it said.