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Stock impact report

Chinese company launches autonomous flying taxi with 100-mile range [FOX Business Network]

EHang Holdings Limited - ADS (EH) 
A pilotless taxi developed in China that can fly more than 100 miles on a single charge launched this week. EHang Holdings introduced the VT35 on Monday in Hefei, Anhui Province . The taxi is part of EHang's line of long-range, pilotless electric vertical takeoff and landing (eVTOL) aircraft. "It [the car] is engineered to transform intercity aerial travel into a safe, routine, and efficient transportation experience," the company said in a news release. The two-seat flying vehicle features autonomous flight systems, electric propulsion, and a compact airframe designed to make urban aerial travel safer and more efficient, the New York Post reported. In addition, it features eight distributed lift propellers for vertical takeoff and landing, meaning it can land on rooftops, parking lots, and other structures. The two-seat aircraft also has a leather-upholstered cabin equipped with a touchscreen interface that serves as both a dashboard and entertainment hub, Interesting Engi Show less Read more
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