EH Stock Alert: EHang Announces UAE Expansion, New Partnership

Shares of urban air mobility (UAM) technology firm EHang (NASDAQ: EH ) are slipping on Monday despite revealing seemingly positive news. Earlier this morning, management announced a long-term strategic partnership agreement with Wings Logistics Hub, an air mobility-focused subsidiary of Technology Holding Company . Still, although EH stock looks promising as EHang attempts to usher in a new era of transportation, investors should be aware of potential adoption challenges. According to a press release , the aim of EHang’s partnership with Wings Logistics is to collaboratively “advance the development of urban air transportation and…