Why EHang Stock Is Up Big Today

Chinese autonomous aircraft company EHang (NASDAQ: EH) is getting funding from a high-profile Asian entertainment executive. Investors are climbing on board, sending shares of EHang up as much as 28% in Wednesday trading.

EHang is an aerospace company focused on autonomous aerial vehicles, including some big enough to transport passengers around cities. It is one of several so-called "flying taxi" start-ups competing for investor attention, but the company has made progress working toward regulatory certification in China and has been running trials of its passenger craft.

Among those intrigued by the opportunity is Lee Soo Man, a South Korean music producer and founder of media company SM Entertainment.

Source Fool.com