SHAREHOLDER ALERT: Holzer & Holzer Announces that a Class Action Was Filed on Behalf of EHang Investors and Encourages Investors With Significant Losses to Contact the Firm

Atlanta, Georgia--(Newsfile Corp. - February 17, 2021) -  Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors who purchased EHang Holdings Limited ("EHang" or the "Company") (NASDAQ: EH)

American depositary shares ("ADS") between December 12, 2019 and February 16, 2021, inclusive (the "Class Period").

The complaint alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers; (ii) its relationship with its purported primary customer was overstated; (iii) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

If you purchased ADS's of EHang between December 12, 2019 and February 16, 2021 and suffered significant losses on that investment, you are encouraged to contact Marshall P. Dees, Esq. at mdees@holzerlaw.com or Luke R. Kennedy, Esq. at lkennedy@holzerlaw.com, by toll-free telephone at (888) 508-6832 or through www.holzerlaw.com to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74782