Skip to content Skip to Search
Skip navigation

Abu Dhabi’s Ethmar unit to buy 100 Chinese air taxis

By Pramod Kumar
EHang Holdings
The initial deliveries of EH216 series eVTOL are set to commence in the first quarter of 2024

Wings Logistics Hub, the technology arm of the Abu Dhabi-based Ethmar International Holding, intends to buy up to 100 air taxis from the Chinese drone maker EHang Holdings.

The initial deliveries of EH216 series electric vertical takeoff and landing (eVTOL) vehicles are due to commence in the first quarter of 2024, the UAE state-run Wam news agency reported.

In addition, EHang will join the smart and autonomous vehicle industries cluster in Abu Dhabi, which aims to add up to AED120 billion ($33 billion) to the country’s economy. The cluster will enable access to funding and investments, streamline regulatory services, and fast-track future mobility solutions.

The collaboration between Wings Logistics and EHang aims to advance the development of urban air transportation and smart city management in the UAE and the Middle East and North Africa region.

They will also work together to facilitate local certification and operations of the EH216 series eVTOLs in the UAE, which are designed for passenger transportation, aerial logistics, and firefighting, respectively.

Mohamed Al Dhaheri, a Wings Logistics Hub board member, said that introducing electric aviation to the UAE is expected to alleviate congestion with zero emissions and attract significant foreign direct investment.

Huazhi Hu, CEO and chairman of EHang, said: “Our aim is to work with our local partner to enhance safe, intelligent, autonomous, and eco-friendly air mobility in this region.”

EHang was the first company to receive a certificate for an autonomous eVTOL from China’s national civil aviation authority, in October 2023.

Latest articles

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]

Car, Transportation, Vehicle

Dubai Taxi to pay $43m dividend despite profit drop

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has approved a dividend payout of AED159 million ($43 million) for the first half of 2024 despite a marginal 1 percent increase in net profit. Net earnings reached AED187.4 million in the first six months of the year, compared to AED186.3 million at the same […]