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On May 31st, Yihang Intelligence announced the signing of a Memorandum of Understanding (MOU) with Taiyuan Xishan Ecological Culture and Tourism Investment and Construction Co., Ltd. (hereinafter referred to as "Xishan Culture and Tourism") to jointly develop low altitude economy in Taiyuan City, Shanxi Province. At the same time as signing the MOU, Xishan Cultural Tourism ordered 50 EH216-S unmanned electric vertical takeoff and landing aircraft (eVTOL) and has already paid a total contract price of 113 million yuan (approximately 15.6 million US dollars) to Yihang Intelligence. At the same time, Xishan Cultural Tourism has signed an intention to purchase an additional 450 EH216-S aircraft within the next 2 years, which will be used in low altitude scenarios such as tourism and manned transportation, to jointly promote the application and operation of unmanned eVTOL in North China.
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