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New progress in cooperation! Zhuhai Enpower Electric announced a $12.6 million participation in EHang's private placement. | Speed read announcement
1. Zhuhai Enpower Electric plans to participate in Ehang's private placement with 12.6 million US dollars. 2. The subscription has completed the relevant overseas direct investment (ODI) approval procedures and completed the relevant forex procedures with the State Administration of Foreign Exchange. 3. Zhuhai Enpower Electric agrees not to sell the Ehang Intelligent shares purchased under the agreement for 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 that it has secured a strategic investment totaling more than 22 million dollars. The investors include a leading new energy fund power system supplier in china, zhuhai enpower electric (300681.SZ), as well as an investment institution from the Middle East. Both investors agreed to a 180-day lock-up period.
EHang Announced A Strategic Investment Of Over $22M, The Investors Are Zhuhai Enpower Electric And An Institutional Investor From The Middle East