EHang has received preorders for more than 1,100 aircraft in the Chinese market and is ramping up output after securing production certification in April.
It marks the latest effort by Joby to expand into the Middle East, having previously announced plans to operate its S4 air taxis in Abu Dhabi and Dubai.
The AAM Stock Composite was mostly flat during the week ending April 19, as a rise in EHang’s share price offset weakness elsewhere in the unweighted index.