The Chinese commercial drone developer EHang Holdings announced its terms for the US IPO on December 5.
Chinese passenger drone manufacturer EHang expects to raise $100 million in the coming IPO.
According to Bloomberg, Guangzhou-based drone maker EHang submitted its confidential filing to Nasdaq.
The world’s largest drone manufacturer DJI is planning to strengthen its U.S. presence by promoting cooperation with local government agencies and building a new plant in the country.
China’s drone manufacturer DJI will provide the Finnish Defense Forces with unmanned aerial vehicles, according to local media.
Chinese tech company DJI, known for their aerial photography and videography, has put drones aside to introduce its first-ever robot built explicitly for education—the RoboMaster S1.
On Monday, The US Department of Homeland Security (DHS) issued a warning notice to US firms, expressing concerns over Chinese-made drones possibly posing risks to their company data.
DJI, the world’s leading maker of consumer drones, discovered extensive corruption within the company.