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New progress in cooperation! Zhuhai Enpower Electric officially announces participation in Ehang's private placement with 12.6 million USD | Quick read announcement.
① zhuhai enpower electric plans to participate in ehang's private placement with 12.6 million USD. ② The subscription has completed the relevant overseas direct investment (ODI) approval procedures and has completed the related forex procedures with the foreign exchange administration. ③ zhuhai enpower electric agrees not to sell the ehang shares purchased under the agreement to external parties within 180 days after delivery.
Ehang (EH.US) announced that it has received over $22 million PIPE investment from strategic investors such as Zhuhai Enpower Electric.
On November 14, ehang (EH.US) announced it received a strategic investment totaling over 22 million dollars. The investors include zhuhai enpower electric (300681.SZ), a leading new energy fund power system supplier in china, as well as an investment institution from the Middle East. Both investors agreed to a lock-up period of 180 days.
EHang Secures $22 Million Investment From Zhuhai Enpower Electric, Unidentified UAE-Based Investor
Express News | Zhuhai Enpower Electric: plans to participate in EHang's private placement with $12.6 million.
EHang to Co-Develop Electric Motor Drive Systems for Its EVTOL Aircraft With Zhuhai Enpower
Express News | Zhuhai Enpower Electric: signed a strategic cooperation agreement with Ehang.
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