Madrid, Spain, January 27^th, 2026 — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), a global leader in advanced air mobility (“AAM”) technology, announced the signature of a Memorandum of Understanding (MoU) with Real Automóvil Club de España (RACE), Spain´s leading automobile club and founding member of the International Automobile Federation (FIA), to explore joint initiatives at the intersection of Advanced Air Mobility, motorsport innovation, and next-generation mobility services.

Image: Victoria Xiang, Chief Operating Officer for Europe and Latin America of EHang, and Carmelo Sanz de Barros, President of RACE, sign a MoU

The agreement was signed at the FITUR 2026 exhibition in Madrid by Ms. Victoria Xiang, EHang Chief Operating Officer for Europe and Latin America, and Mr. Carmelo Sanz de Barros, President of RACE and RACE Foundation and concurrently President of the FIA Senate, in the presence of Mr. Luis Miguel Torres, the General Director of Transport and Mobility of the Community of Madrid. The signing ceremony was also attended by Mr. Jorge F. Delgado, CEO of RACE and President of FIA Region 1 (Europe, Africa and the Middle East), as well as Mr. Ignacio Fernández, Madrid Jarama - RACE Circuit and RACE Foundation Director.

Image: EHang and RACE teams and the General Director of Transport and Mobility of the Community of Madrid. From left to right: Ignacio Fernández, Manager of the RACE Foundation and the Madrid Jarama – RACE Circuit; Carmelo Sanz de Barros, President of RACE and the RACE Foundation, and President of the FIA Senate; Luis Miguel Torres, General Director of Transport and Mobility of the Community of Madrid; Victoria Xiang, Chief Operating Officer for Europe and Latin America of EHang; Jorge F. Delgado, CEO of RACE and President of FIA Region I (Europe, Africa, and the Middle East); Jose Ignacio Rexach, Chief Commercial Officer for Europe and Latin America of EHang.

Under the MoU, EHang and RACE intend to collaborate on initiatives that leverage RACE’s longstanding expertise in motorsport, safety, training, and high-performance mobility environments, together with EHang’s pioneering pilotless eVTOL aircraft systems and AAM operations. In addition, the cooperation aims to support testing, demonstration flights, ecosystem development, and public engagement activities.

As part of the cooperation framework, EHang and RACE will conduct demonstration and validation flights with EHang eVTOL aircraft in a controlled environment, including operations at Madrid Jarama - RACE Circuit. The parties will also engage in regulatory and safety dialogue with public authorities and mobility stakeholders, to progress with safety standards and regulations in the field of Advanced Air Mobility for its effective development and implementation. EHang and RACE will further carry out different communication and education activities to gain public awareness on AAM and sustainable mobility.

Ms. Victoria Xiang, EHang Chief Operating Officer for Europe and Latin America, said: “It is a great honor to join forces with RACE. With a heritage spanning over a century, RACE is a founding member of the FIA and stands as a global benchmark for safety and mobility services. RACE brings outstanding expertise in safety, high-performance operations, infrastructure management, and public engagement. By combining that capability with EHang’s proven pilotless eVTOL technology and operational know-how, we can accelerate the safe and efficient integration of pilotless eVTOL aircraft in real-world environments”.

For his part, the President of RACE, Mr. Carmelo Sanz de Barros, also in his capacity as President of the FIA Senate, stressed that the collaboration with EHang "is a decisive boost for the agenda of major milestones in motorsport and on the future of mobility planned for this year in Madrid which,  for the first time in history, it will host the two most outstanding World Championships on the international calendar: Formula E and Formula 1".

Mr. Jorge Delgado, CEO of RACE and President of FIA Region 1 (Europe, Africa and the Middle East) highlighted “the commitment of RACE and FIA to advancing the future of mobility in all its forms. Today’s agreement with EHang reflects our interest in enabling new solutions such as eVTOL systems that complement ground mobility, reinforce safety, and contribute to a more connected and sustainable transport ecosystem.”

Mr. Luis Miguel Torres, General Director of Transport and Mobility of the Community of Madrid, said: “Madrid is positioning itself at the forefront of future mobility and motorsport innovation. Advanced Air Mobility represents a promising opportunity to complement existing modes of transport and strengthen our role as a global mobility hub. Public-private cooperation with organizations such as RACE and EHang contributes directly to the strategic objectives of the Community of Madrid and to the competitiveness of its innovation ecosystem.”

EHang EH216-S eVTOL aircraft is the world's first certified people-carrying pilotless eVTOL, and the Company is ready to commence commercial operations in China. With its electric propulsion, vertical take-off and landing capability, intelligent flight control system, and integrated command and control architecture, it represents an important technological milestone for the global implementation of AAM.

About EHang

EHang (Nasdaq: EH) is the world’s leading advanced air mobility (“AAM”) technology platform company, committed to making safe, autonomous, and eco-friendly air mobility accessible to everyone. The company develops and manufactures a diversified portfolio of pilotless electric vertical take-off and landing (“eVTOL”) aircraft for a wide range of use cases, including aerial tourism, intra-city transport, intercity travel, logistics and emergency firefighting. Its flagship model, EH216-S, has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China, and is now commercially operated under the country’s first Air Operator Certificates for human-carrying eVTOL services. Complementing this, EHang’s VT35 expands its reach into long-range and intercity scenarios, supporting the development of a multi-tiered low-altitude mobility network. By integrating advanced autonomous technologies with scalable operational infrastructure, EHang is redefining how people and goods move—across cities, regions, and natural barriers—shaping the future of air mobility. For more information, please visit www.ehang.com.

About RACE — Real Automóvil Club de España

RACE is one of Spain’s most recognized mobility institutions, with over a century of experience in motorsport, road safety, driver services, training, and emergency assistance. As a leading mobility organization, RACE drives innovation, promotes safe and advanced mobility solutions, and manages high-performance facilities such as the Madrid Jarama - RACE Circuit.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.