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EHang Holdings' Pilotless Electric Vertical Take-Off and Landing Aircraft Gets Approval for Test Flights in Brazil
09/16/2024 | 10:41am
(MT Newswires) - EHang Holdings (EH) said Monday it has received an experimental flight authorization certificate from Brazil's National Civil Aviation Agency for its EH216-S pilotless electric vertical take-off and landing aircraft system.
The company and its local partner and operator Gohobby plan to conduct test and trial flights for the aircraft in Brazil, EHang added.
Shares of the company fell 2.4% in recent Monday trading.
Price: 11.86, Change: -0.29, Percent Change: -2.39
© MT Newswires 2024
09/12/2024 | 09:15am
EHang Joins Spainish Prime Minister's China Visit to Boost Bilateral Cooperation and Global Development
From September 8th to 11th, Spanish Prime Minister Pedro Sanchez visited China. In Beijing, President Xi Jinping and Prime Minister Pedro Sanchez committed to deepening and expanding cooperation across sectors, emphasizing mutual benefit and collaboration in the green economy and high technology. Mr. Hu Huazhi, Founder, Chairman, and CEO of EHang, and Ms. Victoria Xiang, COO of EHang Europe and Latin America, were invited as corporate representatives to attend and speak at the Bilateral Business Advisory Council Meeting and the China-Spain Business Forum, jointly organized by both countries.
Mr. Hu stated, "We are very pleased to welcome Prime Minister Pedro Sanchez to China and it is a privilege to gather with leaders and top enterprises from both nations to discuss China-Spain cooperation and outline the path forward. As a leader in the technological landscape of new quality productivity forces, EHang is driven by a global vision. We are committed to driving international growth and leading the global transformation towards eco-friendly urban air mobility."
Mr. Hu was recently awarded the Knight of Orden del Camino de Santiago by Spain. Mr. Hu also emphasized the significance of EHang’s European Urban Air Mobility (UAM) Center, (located in Spain) which serves as Europe’s first urban air mobility center, extending its reach to Europe, Latin America, and Africa. EHang will actively foster China-Spain cooperation of green transportation, and drive the development of sustainable urban air mobility and the low-altitude economy worldwide.
Ms. Victoria Xiang, COO of EHang Europe and Latin America, highlighted Spain’s pivotal role as a key EU economy, strategically positioned with geographic and cultural advantages that connect Europe, Latin America, and Africa. EHang has proactively built strong partnerships with government ,Civil Aviation Administration, and industry-leading companies across multiple countries. The company is committed to advancing sustainable, innovative urban air mobility solutions in Spain and throughout Europe. EHang aims to strengthen its global presence, expand into new markets, and make autonomous, eco-friendly urban air mobility accessible worldwide.
In Spain, EHang has forged strategic alliances with the Spanish National Police, national air navigation service provider ENAIRE, the cities of Seville and Zaragoza, the world's leading airport operator AENA, Catalonia’s Aeroports de Catalunya, and international telecommunications leader Telefónica etc. EHang is also an active participant in the European Commission’s Single European Sky initiative (SESAR Joint Undertaking) and the European Union Agency for the Space Programme (EUSPA) projects.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
https://www.ehang.com/news/1115.html
Air Operator Certificates In Process
https://www.ainonline.com/aviation-news/futureflight/2024-08-22/increased-evtol-aircraft-deliveries-boost-ehangs-bottom-line
FINANCE, TAXES, INSURANCE Increased eVTOL Aircraft Deliveries Boost EHang's Bottom Line 49 of its two-seat autonomous aircraft were delivered in the second quarter of 2024 EHang recently delivered the first of 10 EH216-S eVTOL aircraft ordered by Xishan Tourism in China.
By Charles Alcock • Managing Editor
EHang has achieved its highest number of deliveries to date with its two-seat EH216-S autonomous eVTOL aircraft. Reporting financial results for the second quarter, the Chinese company said it delivered 49 vehicles in the three months to June 30, which was almost twice the 26 it recorded in the first quarter of this year.
Deliveries of the aircraft that achieved type certification with the Civil Aviation Administration of China (CAAC) in October 2023 were a big boost to EHang’s revenues. These reached RMB 102 million ($14 million) in the second quarter, which was a 65.3% increase over the first three months of this year.
The ramp-up in cash flow, which was positive for the third successive quarter, helped the company to reduce its net loss by 5.4% to RMB 71.6 million, albeit with its operating loss increasing by 2.8% to RMB 77.4 million. As of June 30, its cash reserves stood at RMB 988.2 million. The company reported that it raised a further RMB 554.1 million through an equity offering, which has now closed.
Air Operator Certificates In Process
During the second quarter, EHang received its production certificate from the CAAC, allowing it to increase manufacturing rates. In July, the CAAC accepted the application for an air operator certificate (AOC) submitted jointly by EHang General Aviation and its partner Hefei Heyi Aviation.
The company reported that it expects to secure the approval it needs to expand pilotless commercial flights later this year, and said that other customers and partners are now preparing AOC applications. Under special permits, EHang has been able to conduct public demonstration flights, including some with passengers on board.
In recent months, the Guangzhou-based manufacturer logged new EH216-S orders from Chinese customers including Xishan Tourism and the government of Wencheng County in Zhejiang province. It has also reported various conditional purchase plan agreements for the aircraft, with the latest of these being with KC Smart Mobility for tourism services in Hong Kong, Macau, and Hubei province.
“We are committed to launching commercial operations of the EH216-S in the near future, which will usher in a new phase of growth focused on intra-city mobility,” said EHang’s founder, chairman, and CEO Huazhi Hu. “At the same time, we will meet diversified urban air mobility demand through ongoing research, development, and testing of advanced technologies, upgraded components, and new models, such as our lift-and-cruise [VT-30] eVTOL designed for inter-city mobility.”
What It's Like Inside a Flying Car in China
08/22/2024 | 05:05am
Flying cars, once thought to be the stuff of science fiction, are becoming a reality, particularly in New York, where companies are planning to link the city centre to airports in just a few minutes. In China, the Ehang company is aiming to launch the first commercial unmanned flying taxi this year, a market that Morgan Stanley estimates has a trillion-dollar potential.
Bloomberg's Colum Murphy tested one of these prototypes and describes the experience as initially frightening. He says that the vehicle's almost spider-like appearance may seem unsettling at first, but over time a sense of stability and security sets in. He stresses that acceptance of this means of transport will depend on the personality and risk profile of each individual, and manufacturers will have to convince people of the safety of these devices.
https://www.bloomberg.com/news/videos/2024-08-22/what-it-s-like-inside-a-flying-car-in-china-video
EHang to Report Second Quarter 2024 Unaudited Financial Results on Thursday, August 22, 2024
EHang Holdings LimitedAugust 12, 2024 07:16 ET
https://www.globenewswire.com/en/news-release/2024/08/12/2928289/0/en/EHang-to-Report-Second-Quarter-2024-Unaudited-Financial-Results-on-Thursday-August-22-2024.html
GUANGZHOU, China, Aug. 12, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 on Thursday, August 22, 2024, before the U.S. market opens.
EHang’s management team will host an earnings conference call at 8:00 AM on Thursday, August 22, 2024, U.S. Eastern Time (8:00 PM on Thursday, August 22, 2024, Beijing/Hong Kong Time).
To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call.
Participant Online Registration:
https://register.vevent.com/register/BI8300d14a79504787971960179ac911c3
A live and archived webcast of the conference call will be available on the Company’s Investors Relations website at http://ir.ehang.com/.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
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.
Investor Contact: ir@ehang.com
Media Contact: pr@ehang.com
Correction: Archer Aviation Registers Secondary Sale of 49 Million Shares
08/15/2024 | 08:14am
(MT Newswires) -- (Corrects the headline and first paragraph to reflect that the stock sale was previously announced.)
Archer Aviation (ACHR) registered a secondary sale late Tuesday of up to roughly 49.3 million shares of its Class A common stock.
The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.
The company will not receive any of the proceeds from the sale.
Company shares were down 1% in after-hours activity.
Price: 3.5300, Change: -0.01, Percent Change: -0.28
© MT Newswires 2024
August 13, 2024 at 05:17 pm EDT
Archer Aviation Unveils Secondary Sale of 49 Million Shares
(MT Newswires) -- Archer Aviation (ACHR) disclosed a secondary sale late Tuesday of up to roughly 49.3 million shares of its class A common stock.
The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.
The company will not receive any of the proceeds from the sale.
Company shares were down 1% in after-hours activity.
Price: 3.5600, Change: -0.04, Percent Change: -1.11
https://www.marketscreener.com/quote/stock/ARCHER-AVIATION-INC-114338426/news/Archer-Aviation-Unveils-Secondary-Sale-of-49-Million-Shares-47641072/
Stellantis and Archer Aviation join forces
08/13/2024 | 07:02am
Copyright © BusinessAMBE 2023
Archer Aviation has announced an agreement in principle with Stellantis under which the automaker will provide up to $370 million in labor-related costs to support the production of Archer's flagship 'Midnight'. This funding will provide Archer with much-needed capital to produce up to 650 air cabs per year.
https://www.marketscreener.com/quote/stock/ARCHER-AVIATION-INC-114338426/news/Stellantis-and-Archer-Aviation-join-forces-47635946/
Aug. 12, 2024 3:29 AM ET
China trials cargo
drones, air taxis as low-altitude economy gains speed
https://finance.yahoo.com/news/china-test-flies-biggest-cargo-035315624.html
Aug. 8, 2024 4:27 PM ET •
Archer Announces Key
Terms Of Contract
Manufacturing
Relationship With
Stellantis-Representing
Up To ~$400M To Help
Scale Midnight
Production To 650 Aircraft Annually-Secures $230M In Additional Equity
Capital From Strategic & Institutional Investors
https://finance.yahoo.com/news/archer-announces-key-terms-contract-202700442.html
Archer Aviation (ACHR) to Post Q2 Earnings: What's in the Cards?
Aug 6, 202407:42 EDT
Archer Aviation Inc. ACHR is slated to report second-quarter 2024 results on Aug 8 after the closing bell. The company delivered an earnings surprise of 20.69% in the last reported quarter.
However, Archer Aviation has a negative four-quarter average earnings surprise of 19.29%. Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Note
In May 2024, Archer Aviation achieved the completion of its high-volume battery pack manufacturing line at its San Jose, CA, production facilities. This will help ACHR in the planned production ramp-up of its Midnight electric vertical takeoff and landing (eVTOL) aircraft. We may expect the upcoming results to reflect more benefits of this manufacturing line setup.
Archer Aviation Inc. Price and EPS Surprise
Archer Aviation Inc. price-eps-surprise | Archer Aviation Inc. Quote
Moreover, in June, the company received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration, which allows ACHR to start commercial operations of its Midnight aircraft. Once Archer Aviation releases its quarterly results, we shall get more updates on Midnight’s progress during the quarter to be reported.
With the company progressing efficiently toward its target to commercialize the Midnight aircraft in 2025, ACHR is likely to have incurred notable engineering development expenses to build and test the aircraft in the second quarter. This, in turn, is likely to have increased Archer Aviation’s operating expenses, thereby weighing on its quarterly earnings performance.
However, the technological advancement that ACHR has achieved over the past few years while developing the Midnight jet is likely to have provided it with operational efficiency, thereby aiding its quarterly bottom line.
The company’s cash flows from operating activities have been affected in the past couple of quarters by its cash investments to support the growth of its research and development activities related to its eVTOL aircraft, as well as the general and administrative functions necessary to support such activities. As Archer Aviation has not yet delivered any of its eVTOL jets, we expect its second-quarter results to reflect a similar trend for its cash flow figure.
Q2 Expectations
The Zacks Consensus Estimate for Archer Aviation’s second-quarter earnings is pegged at a loss of 28 cents per share, which indicates an improvement from the year-ago quarter’s reported loss of 62 cents per share.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for ACHR this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: ACHR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Archer Aviation carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
quarterly results.
https://www.tradingview.com/news/zacks:511d06283094b:0-archer-aviation-achr-to-post-q2-earnings-what-s-in-the-cards/
Aug. 5, 2024 5:30 AM ET • 2 min read
Chinese EV battery maker CATL invests in
'flying car' developer
AutoFlight
https://finance.yahoo.com/news/chinese-ev-battery-maker-catl-093000077.html
July 31, 2024 10:50 AM Eastern Daylight Time
Archer Aviation Showcases Midnight Aircraft In Atlanta As It Nears Completion Of Its High-Volume Manufacturing Facility In Covington, Georgia
https://www.businesswire.com/news/home/20240731140056/en/
Archer to Report Second Quarter 2024 Operating Update and Financial Results on August 8,
2024
Jul. 22, 2024 4:05 PM ET • 1 min read
SANTA CLARA, Calif., July 22, 2024--(BUSINESS WIRE)--Archer Aviation Inc. (NYSE: ACHR) will report its second quarter 2024 operating update and financial results after market close on Thursday, August 8, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results.
Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com.
Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 013488.
A replay of the webcast will be available on the Archer investor relations website. In addition, a telephonic replay of the conference call will be accessible for one week following the call by dialing 866-813-9403 (domestic) or + 44 204-525-0658 (international), and entering the access code 304206.
About Archer
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. To learn more, visit www.archer.com.
Source: Archer
Text: ArcherIR
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722636968/en/
Contacts
For Investors
investors@archer.com
For Media
Brian Gump
brian.gump@archer.com
EHang Holdings Seeking
Final Certifications From Chinese
Authorities to Begin Air-Taxi Service
MT Newswires
Jul. 22, 2024 1:07 PM ET • 1 min read
EHang Holdings (EH) said Monday that the aviation regulators in China have started final reviews of the company's pilotless electric vertical takeoff and landing passenger vehicle needed for the air-taxi company to begin commercial operations after accepting its air operator certificate applications.
The Civil Aviation Administration of China accepted applications submitted by eHang's unit and its joint venture with Hefei Heyi Aviation initiating its formal review, the partners said. The agency previously assembled a specialized crew to examine the air taxi as well as consider other guidelines to best manage low-altitude airspace, they said.
Pending final certifications, EHang is expecting to launch its air-tax service in several cities. The company late last week also signed a sales agreement for 30 of its EH216-S air passenger vehicles with the subsidiary of Kwoon Chung Bus Holdings, the largest non-franchised bus operator in Hong Kong.
EHang shares were trading more than 3% higher in recent trading.
HTZ Upcoming Deadline - Kessler Topaz Meltzer & Check, LLP Reminds Investors of July 30, 2024 Deadline in Securities Fraud Class Action Lawsuit Against Hertz Global Holdings, Inc. (HTZ)
PR Newswire - Mon Jul 22, 1:30PM UTC
RADNOR, Pa., July 22, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Hertz Global Holdings, Inc. ("Hertz") (NASDAQ: HTZ). The action charges Hertz with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Hertz's materially misleading statements and omissions to the public, Hertz's investors have suffered significant losses. The lead plaintiff deadline is July 30, 2024.
Read more at prnewswire.com
EHang's Pilotless eVTOL Air Operator Certificate Application Accepted by CAAC
July 22, 2024 10:30 ET??GUANGZHOU, China, July 22, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that the Civil Aviation Administration of China (“CAAC”) has formally accepted the Air Operator Certificate (“AOC” or “OC”) applications submitted by Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), the Company’s wholly-owned subsidiary specializing in UAM operation services, and Hefei Heyi Aviation Co., Ltd. (“Heyi Aviation”), its joint venture company in Hefei. This marks the commencement of the review process for the applicants’ business license and operational qualification for pilotless passenger-carrying aerial vehicles, with consensus reached on review procedures, subjects, and frameworks. The CAAC has established a specialized review team to move forward the subsequent review process.
As the world's first project for the OC of pilotless passenger-carrying electric vertical takeoff and landing ("eVTOL") aircraft, this milestone is paving the way for the establishment of the world's first commercial operation standard system for passenger-carrying eVTOL, which will lay a solid foundation for the commercial operation of EHang's EH216-S. In addition to EHang General Aviation and Heyi Aviation, EHang's partners in Guangzhou, Shenzhen, Taiyuan, and Wuxi are also
Similar to the previous type certification process, the OC certification for EH216-S pilotless passenger-carrying aerial vehicle cannot directly follow the existing standards in civil aviation field, but rather requires innovation and improvement based on current regulations to establish a new and applicable standard. In March, the CAAC issued a Consultation Notice on the Application and Issuance of Operator Certificate under the Civil Aviation Regulations Part 92, aiming to ensure a smooth implementation of the Rules on the Safety Management of Civil Unmanned Aircraft (CCAR-92) . It clarifies the OC application procedures and requirements, standardizes the scope and key points of operational safety assessments, and refines operational management requirements. Leveraging EHang’s extensive operational data and practical experience, the Company is actively collaborating with the CAAC to develop EH216-S operational standards, which will provide a reference basis for the world's first commercial operation regulatory system for pilotless passenger-carrying eVTOLs.
In May of this year, the group standard "Technical Requirements for eVTOL Aircraft Landing Sites", primarily drafted and initiated by EHang, was released. This standard provides clear guidelines on the technical parameters of eVTOL aircraft landing sites, including physical characteristics, obstacle limitations, site selection, structural design, and specialized facilities. As China's first technical specification for eVTOL aircraft landing sites, it will serve as a reference basis for the development of eVTOL industry standards in China and will also make a significant contribution to commercial operations of EHang eVTOLs.
Recently, Song Zhiyong, CAAC Administrator, stated that China's low-altitude economy is entering a new phase of rapid growth. As the industry regulatory authority, the CAAC will prioritize five key areas of focus, including the construction of unmanned aerial vehicle (“UAV”) demonstration zones, the development of airworthiness certification capabilities, the certification of OC, planning and construction of airport facilities, and the establishment of low-altitude flight service support system.
Huazhi Hu, Founder, Chairman and CEO of EHang, commented, “We are collaborating with the CAAC to establish a new operation system for pilotless aerial vehicles, which will once again achieve a breakthrough in the global civil aviation industry. The formal acceptance of the world's first pilotless passenger-carrying eVTOL OC application has significant implications for the eVTOL industry. From obtaining the world's first type certification, production certificate, and standard airworthiness certificate for a pilotless passenger-carrying eVTOL, to enter into OC certification, we are pleased to have received high recognition from the CAAC and are one step closer to realizing our goal of commercial operation of unmanned passenger-carrying aerial vehicles, representing the final step for urban air mobility entering the consumer market. We look forward to the issuance of the world's first commercial operation standard and the first OC for pilotless passenger-carrying eVTOL , which will bring low-altitude economy accessible to the public."
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
California’s Alternative Energy And Advanced Transportation Financing Authority Grants Archer Industry Leading Award For Ramp Of Its Electric Powertrain Facility
Business Wire - Wed Jul 17, 1:06PM UTC
Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717982467/en/
In May of this year, Archer announced the completion of installation of its high-volume battery pack manufacturing line at its facility in San Jose, California. Archer’s facility is designed for high-volume production from day one with the capability of producing up to 15,000 of Archer’s proprietary battery packs per year at full capacity. This facility will produce the battery packs needed to support the ramp up of Archer’s electric aircraft production planned for 2025 and beyond.
“We are proud to receive this award from CAEATFA and represent the cutting-edge of transportation innovation that the State of California is backing,” said Archer founder and CEO, Adam Goldstein. “As a leader in the electrification of aviation, we are working hard to help California meet its most ambitious climate goals.”
“America's global competitiveness is strongest when we embrace innovation into our daily lives,” said Congressman Eric Swalwell. “I applaud Archer’s leadership to draw more cutting-edge businesses to California while creating more jobs for American workers. Archer's advanced electric powertrain solutions will help power the future of sustainable aviation. I look forward to seeing the next groundbreaking discoveries from them here in our State.”
Archer’s goal is to transform urban travel, replacing 60–90-minute commutes by car with estimated 10–20-minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charging time between flights.
About Archer
Archer is a leader in the electrification of aviation. We are designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Our goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world. To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s future business plans, including statements regarding its aircraft performance, production volume and expansion of its manufacturing facilities, and the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
Text: ArcherIR
View source version on businesswire.com: https://www.businesswire.com/news/home/20240717982467/en/
How will the electric air taxi network impact Southwest Airlines' market share in urban areas?
The electric air taxi network is poised to enhance Southwest Airlines' market share in urban areas by offering a competitive edge through efficient and sustainable transportation options.
1.Market Share Enhancement: By integrating Archer's eVTOL aircraft into their operations, Southwest Airlines will be able to provide a unique and innovative transportation service, especially in busy urban areas where traditional ground transportation options face challenges due to traffic congestion. This move is expected to attract more customers, potentially increasing Southwest's market share in urban areas
2.Customer Experience Improvement: The electric air taxi network aims to offer a safe, low-noise, and cost-competitive transportation option with zero direct emissions, which aligns with Southwest's goal of providing an unparalleled customer experience. The enhanced travel experience, including faster airport transportation, could lead to increased customer satisfaction and loyalty, thereby expanding Southwest's market share.
3.Strategic Expansion: The partnership with Archer Aviation allows Southwest to assess future commercial activities in California and other Southwest locations, indicating a strategic expansion into markets where electric air taxis can provide a competitive advantage. This expansion is likely to contribute to Southwest's overall market share growth.
4.Market Positioning: By embracing electric air taxis, Southwest will position itself as a leader in sustainable and efficient transportation, which is becoming increasingly important to consumers. This shift in market positioning could attract new customers and retain existing ones, thereby increasing Southwest's market share in urban areas.
5.Operational Efficiency: Collaborating with Archer and other stakeholders to develop a concept of operations for integrated electric air taxi networks will ensure efficient operations and seamless integration with Southwest's existing flight network. This operational efficiency is expected to contribute to Southwest's ability to capture a larger market share in urban areas.
In conclusion, the electric air taxi network is expected to positively impact Southwest Airlines' market share in urban areas by leveraging the benefits of eVTOL technology, enhancing the customer experience, and positioning Southwest as a leader in sustainable transportation. These factors are likely to attract new customers and retain existing ones, leading to a higher market share.
What are the projected costs and revenue benefits of the electric air taxi network for Southwest Airlines?
The projected costs and revenue benefits of the electric air taxi network for Southwest Airlines can be analyzed as follows:
1.Costs:
Investment in eVTOL Aircraft: Southwest has committed to a $1 billion order from United Airlines for Archer's eVTOL aircraft, indicating a significant upfront cost.
Infrastructure Development: The implementation of the electric air taxi network will require the development of vertiports, charging infrastructure, and air traffic management systems, which could involve substantial capital expenditures.
Operational Costs: The annual operating costs for the eVTOL aircraft, including maintenance, pilot salaries, insurance, and electricity, are estimated to be $24,770,3504.
2.Revenue Benefits:Increased Revenue Passenger Miles: As the electric air taxi network expands, it is likely to increase Southwest's revenue passenger miles, as it offers a faster and more efficient way to reach airports in urban areas5.
Enhanced Market Position: By being at the forefront of sustainable transportation and urban air mobility, Southwest may attract new customers and retain existing ones, potentially leading to higher revenue and market share6.
Cost-Competitive Transportation: The eVTOL aircraft aims to offer a cost-competitive transportation option, which could attract price-sensitive customers and contribute to higher revenues.
Door-to-Door Service Integration: The collaboration with Archer may allow Southwest to offer a door-to-door service, potentially increasing customer convenience and loyalty, thereby boosting revenues.
In conclusion, while the implementation of the electric air taxi network comes with significant upfront costs, the revenue benefits could include increased revenue passenger miles, enhanced market position, cost-competitive transportation, and the integration of a door-to-door service. These benefits, combined with Southwest's commitment to sustainability and innovation, position the airline favorably for future growth and profitability in the evolving transportation landscape.
EHang Collaborates with KC Smart Mobility to Enhance Sales of Autonomous eVTOL in Hong Kong, Macau, and China AInvest Fri, Jul 19, 2024 ET
EHang Holdings has signed a deal with KC Smart Mobility to advance the sale and operation of its EH216-S pilotless eVTOL aircraft in Hong Kong, Macau, and two cities in China. KC Smart Mobility aims to buy 30 EH216-S units from EHang. This partnership underscores the growing interest in eVTOL transportation as a sustainable mobility solution. The urban air mobility (UAM) sector is witnessing significant growth, with EHang Holdings (Nasdaq: EH) leading the way in this innovative industry. Recently, the company signed a deal with KC Smart Mobility, a leading mobility solutions provider, to expand the sales and operation of EHang's EH216-S pilotless electric vertical takeoff and landing (eVTOL) aircraft in Hong Kong, Macau, and two cities in China [1]. This strategic partnership underscores the increasing interest in EVtol transportation as a sustainable mobility solution. KC Smart Mobility aims to purchase 30 units of EH216-S aircraft from EHang, marking a significant step forward in the deployment of these innovative vehicles. The total contract price for these units is expected to reach RMB113 million (USD15.6 million) [1]. Furthermore, KC Smart Mobility has signed a purchase plan agreement for an additional 450 units over the next two years. This collaboration between EHang and KC Smart Mobility is not limited to sales. The companies plan to work together to establish command-and-control centers, marketing and exhibition centers, operations centers, after-sales service centers, research institutes, and other necessary infrastructure to support the growth of the UAM industry in these regions [1]. The strategic location of the partnership is noteworthy, as Hong Kong, Macau, and the two unnamed cities in China have significant potential for UAM adoption. Hong Kong, in particular, is known for its dense population and limited land space, making EVtol transportation an attractive solution for reducing traffic congestion and improving overall mobility [2]. Moreover, the Chinese government is actively promoting the development of the general aviation industry, with Shanxi Province being designated as a national demonstration province for this purpose [1]. Taiyuan City, one of the national civil unmanned aviation demonstration zones, is expected to benefit significantly from the growth of the UAM industry in the region [1]. In conclusion, the partnership between EHang and KC Smart Mobility represents a significant milestone in the deployment of EVtol transportation in Hong Kong, Macau, and China. With the potential to reduce traffic congestion, improve overall mobility, and promote sustainable transportation solutions, this strategic collaboration is expected to have a positive impact on the growth of the UAM industry in these regions. References: [1] EHang Secures RMB113 Million Order for 50 Units of EH216-S Pilotless Electric Vertical Takeoff and Landing Aircraft from Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (Xishan Tourism). (2024, May 31). Retrieved August 18, 2024, from https://ir.ehang.com/news-releases/news-release-details/ehang-secures-rmb113-million-order-50-units-eh216-s-pilotless [2] The Future of Urban Air Mobility in Hong Kong. (2022, October 12). Retrieved August 18, 2024, from https://www.forbes.com/sites/forbestechcouncil/2022/10/12/the-future-of-urban-air-mobility-in-hong-kong/?sh=79e00c75782e
How does the collaboration between EHang Holdings and KC Smart Mobility benefit EHang's sales of autonomous eVTOL in Hong Kong, Macau, and China? The collaboration between EHang Holdings and KC Smart Mobility is expected to benefit EHang's sales of autonomous eVTOL in Hong Kong, Macau, and China. With the addition of KC Smart Mobility as a partner, EHang can leverage its expertise and resources to enhance the sale and operation of its eVTOL aircraft. This collaboration will likely result in increased market demand for EHang's product, leading to higher sales revenues. Additionally, by joining forces with KC Smart Mobility, EHang can potentially expand its market share and strengthen its position in the competitive eVTOL transportation industry.
The pro-Ukraine internet ‘fellas’ using Shiba Inu memes to fight Russian propaganda
Analysis by Jill Dougherty, CNN
Updated 12:32 AM EDT, Tue July 11, 2023
https://www.cnn.com/2023/07/11/europe/ukraine-nafo-russian-trolls-intl/index.html
DOGELON MARS COIN is On the Crypto Currency Breakout Board!
Ethereum Whale 'Hulk' Buys 8 Trillion Shiba Inu Worth $290M
https://www.benzinga.com/amp/content/24541410
Samyuktha Sriram
December 10, 2021 3:33 pm
An Ethereum (CRYPTO: ETH) whale wallet named “Hulk” has acquired 8 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $290 million, according to an update from on-chain wallet monitor Whale Alert.
What Happened: In a series of three transactions between Wednesday and Thursday, the whale added the tokens to their SHIB holdings that now exceed $465 million in value.
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Market participants speculated that the whale address could be a crypto trading platform such as Robinhood Markets Inc (NASDAQ:HOOD) as opposed to an individual holder given the scale of funds moving across wallets.
Earlier this month, the Ethereum whale wallet labeled Gimli added another 28 billion tokens to their SHIB holdings, which is worth now over $56 million.
Despite the influx of whale activity, SHIB’s price has declined considerably since its peak of $0.00008845 in October.
Price Action: As of Friday morning at publication, SHIB was trading at $0.00003476, down 2.47% in the last 24 hours.
Bitcoin (CRYPTO: BTC) was up 0.25% at $48,418.88, Ethereum was trading down 2.44% at $4,041.76 and Dogecoin (CRYPTO: DOGE) traded at $0.1691, down 2.96%.
Photo by Todd Cravens on Unsplash
$SHIB 👀 pic.twitter.com/uiAddnbbTQ
— Shiba Inu News (@ShibalnuNews) December 10, 2021
Of course there’s some due diligence process otherwise I’ll coin otherwise all coins would be listed.
HUGE NEWS!!!! Finally
HUGE NEWS!!!! Finally 🚀 https://t.co/flMvKUe8BF
— Shiba Inu News (@ShibalnuNews) November 29, 2021
Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks
https://www.coindesk.com/markets/2021/11/22/shib-slips-in-coinbase-volume-rankings-after-topping-the-list-for-2-weeks/
Recent speculative excesses in meme token shiba inu (SHIB), which raised concerns about the broader market health, appear to be cooling, Coinbase’s volume breakdown for the week ended Nov. 19 shows.
SHIB accounted for 6.72% of the total turnover on the Nasdaq-listed crypto exchange, slipping to third position behind bitcoin and ether, Coinbase Institutional’s weekly email dated Nov. 19 shows.
The self-proclaimed “dogecoin killer” topped Coinbase’s volume rankings in the preceding two weeks, contributing 16.6% to total activity in the seven days to Nov. 11 and 25% in the seven days to Nov. 5.
“In terms of the volume breakdown, BTC and ETC have reclaimed the top spots while SHIB is still in the third place for now as the retail meme coin mania cools off,” Coinbase institutional said in the weekly newsletter dated Nov. 19.
That said, SHIB is still ahead of prominent cryptocurrencies like programmable blockchains Solana’s and Polkadot’s SOL and DOT tokens, scaling solution Polygon’s MATIC cryptocurrency, and decentralized oracle network Chainlink’s native coin LINK.
The retail-dominated token has consistently been one of the top three traded coins since the second week of October.
Coinbase's volume rankings for the week ended Nov. 19
SHIB picked up a strong bid in the second half of the last month after bitcoin set new record highs above the April high of $64,889. The meme token reached a new peak price of $0.00008894 on Oct. 28, ending the month with an 830% gain.
Many analysts saw SHIB’s surge as a sign of retail frenzy often observed at broader market tops. The dog-themed cryptocurrency’s parabolic run in early May was followed by a market-wide sell-off, which saw bitcoin falling from $58,000 to $30,000 within a week.
History looks to have repeated itself in the past few weeks. Bitcoin fell to a five-week low of $55,666 on Nov. 19, having failed several times to establish a foothold above the April high of $64,889 since mid-October.
With speculative fervor cooling, market attention may shift back to bitcoin and other major cryptocurrencies. SHIB was trading near $0.00004530 at press time, representing a 32% month loss. Bitcoin was changing hands near $59,420, down 3% for the month.
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Great news! $SHIB
The wait is over! Welcome to Coinhako, $SHIB
We heard the howls of the SHIB ARMY and this good boi is finally onboard
Trade $SHIB in SGD, USD & VND on Coinhako.
Learn more about SHIBA INU
https://blog.coinhako.com/shiba-inu-shib-is-now-on-coinhako/
🎉 The wait is over! Welcome to Coinhako, $SHIB 🐕
— Coinhako (@coinhako) November 22, 2021
We heard the howls of the #shibarmy and this good boi is finally onboard 🐶
Trade #SHIB in SGD, USD & VND on Coinhako.
Learn more about #ShibaInu 👉 https://t.co/XB27HtfTZC pic.twitter.com/5Tyqz03qO5
A report published by the crypto analytics firm Sanitment, indicating that Shiba Inu could be considered a “blue-chip” among Ethereum altcoins.
https://watcher.guru/news/is-shiba-inu-the-next-blue-chip-altcoin
Is Shiba Inu The Next Blue-chip Altcoin?
Joe DewittNovember 19, 2021
Saitama
There is a large variety of memecoins currently available on the market. As a result, constant concerns of project legitimacy occur.
On November 18th, 2021 CoinMarketCap displayed a warning message on the Saitama review page. The message discussed a wire fraud scam. This was quickly taken to Twitter and discussed throughout the community.
Is this something that investors need to be concerned about? Or is this just another piece of irrelevant news?
What is Saitama?
Saitama is a community-driven token that aims to educate investors. According to its whitepaper, they focus on educating Gen Z traders. In addition, they aim to provide content that teaches people how to invest.
Saitama is currently in stage 3 of 5 of its road map. They plan to launch a marketing campaign on TikTok and Twitter. As well as donating to student bodies and educational charities.
Like many memecoins, the founders of the project are anonymous. According to the whitepaper, the deployer renounced ownership after launch.
Future projects include a Saitama wallet. As well as a Saitama marketplace for NFTs. Saitamaker will be an NFT-based launchpad, allowing people to create NFTs.
The CoinMarketCap Aletercation
As previously stated, on November 18th, 2021 CoinMarketCap displayed a warning message on the Saitama review page. The message discussed a wire fraud scam. However, the message appeared only for a few hours then was taken down.
Here CoinMarketCap is implying that a partner of the Saitama project was sentenced to wire fraud. Here is the official FBI press release.
The FBI report states that William James Dennis was sentenced to prision on wire fraud charges stemming from the sales of Apple Iphones. This is not necessarily relevant to the project itself.
The altercation also took place over a decade ago in 2010. So why would CoinMarketCap choose now to address it.
This led to discourse within the Saitama community. As a result, many members flocked to Twitter to express their concerns. Community members were outraged, believing this was a plan to sabotage the project.
Saitama Response
Saitama responded to the altercation with a tweet. They stated that the article was from 12 years ago (2010) and didn’t involve a developer.
Saitama handled the situation well. Firstly, they came out and informed the community that this was true but out of context. Secondly, they reassured the community that they are working hard on the project.
Some community members still believe this was a plan to sabotage the project. Others have come to realize it could have been for liability purposes.
It is unclear the nature of this warning message on CoinMarketCap. In the most likely scenario, the company wanted to inform investors before purchasing a project.
Travala Listing Token Battle
Help choose who will go head to head in the battle to win a Travala.com listing.
📢 #Travala Listing Token Battle
— Travala.com 🏨 ✈️ (@travalacom) November 20, 2021
Help choose who will go head to head in the battle to win a https://t.co/CL8FxAXFXS listing. $AVA Smart Members who vote will share $30,000 worth of rewards$SHIB $FLOKI $AXS $CAKE@AxieInfinity @Shibtoken @Shibarmy @PancakeSwap @RealFlokiInu
Top 10 Coins Mentioned on Twitter this Week:$BTC 2,837,521$SHIB 706,429$ETH 593,308$CAKE 453,228$DOGE 317,922$XTZ 217,087#SAFEMOON 211,883$SOL 179,754$ADA 178,461$ALGO 156,985 pic.twitter.com/FvUPFWkYuz
— Shiba Inu News (@ShibalnuNews) November 21, 2021
Now that we accept #SHIBA let’s us know what cars you’d buy… pic.twitter.com/pfPaw22Hos
— Vegas Auto Gallery (@vautogallery) November 20, 2021
UPDATE: Some great news to start your day! CoinGate has now added $SHIB to their offerings.
CoinGate Adds Shiba Inu (SHIB) to Its Offerings
The company pointed out that people would be able to purchase the coin at a 1% rate through its trading
Felipe Erazo | News (CryptoCurrency) | Wednesday, 17/11/2021 | 20:00 GMT+2
memecoins
CoinGate, a crypto payments service, has announced the official integration of Shiba Inu (SHIB) within its offering, allowing traders and merchants to use the token. According to the blog post on its official website, CoinGate users, merchants, traders and Gift Card Shoppers can now accept, buy, trade or spend this meme coin.
The company pointed out that people would be able to purchase the coin at a 1% rate through its trading system, allowing over 500 CoinGate merchants to accept Shiba Inu as a means of payment for their shoppers. That said, gift cards with SHIB will be available through CoinGate’s store.
“We believe that every currency can be a paying currency, therefore integrating Shiba Inu is a fascinating step for our community,” the crypto payments service highlighted. “Shiba Inu and Dogecoin have been the most popular meme coins of 2021. They both have huge support from the community, which is built around the tokens, and they both gained their popularity from the hyped-up social media posts. Oh, also, they’re the same breed of dog,” it added.
Recent SHIB Listings
Early this month, Binance, a major cryptocurrency exchange, announced that it would open trading for SHIB/DOGE trading pair. With this, Binance becomes the first major cryptocurrency exchange for offering a trading pair of two meme tokens. Moreover, it is being introduced when the prices of both the tokens are surging rapidly despite having no intrinsic value.
Shiba Inu, which is marketed as a Dogecoin killer, saw a significant surge in recent months. It has even become one of the fastest-growing cryptocurrencies. Additionally, the Dogecoin rally earlier this year received mainstream attention as Elon Musk, the world’s richest man, turned out to be one of the major proponents of the meme token, constantly tweeting in its support. Furthermore, it received a push from other celebrities across the industries.
https://www.financemagnates.com/cryptocurrency/news/coingate-adds-shiba-inu-shib-to-its-offerings/
New SHIB whale was born!!!
Just bought 171,783,186,654 $SHIB ($8,365,841).
Transactions:
https://www.whalestats.com/transaction/ethereum/0x1c68ac0a5394eb72cd806e22e2002db56ad68d14ff5014681520cb3fdc22571f
https://www.whalestats.com/transaction/ethereum/0x0b497a82c4e3d4630cc3152175307875aafbf0a92211ea7fa5c415af28744500
“Shiba Inu (SHIB) Now Supported by Samsung-Backed Crypto Wallet App.”
ZenGo, the first keyless non-custodial cryptocurrency wallet, has added support for the Shiba Inu cryptocurrency, according to a Nov. 16 announcement.
The wallet’s users are now able to trade and hold the hottest meme coin.
Ari Gore, head of communications at ZenGo, praised Shiba Inu’s “vibrant” and “enthusiastic” community:
We’re excited to be one of the first crypto wallets to support SHIB, especially because of its vibrant, creative, and enthusiastic community.
ZenGo, the first keyless non-custodial cryptocurrency wallet, has added support for the Shiba Inu cryptocurrency, according to a Nov. 16 announcement.
The wallet’s users are now able to trade and hold the hottest meme coin.
Ari Gore, head of communications at ZenGo, praised Shiba Inu’s “vibrant” and “enthusiastic” community:
We’re excited to be one of the first crypto wallets to support SHIB, especially because of its vibrant, creative, and enthusiastic community.
https://u.today/shiba-inu-now-supported-by-samsung-backed-crypto-wallet-app
Top 10 Coins by Weekly Search Popularity on #KuCoin (Nov 16, 2021)
$SHIB $MANA $KDA $BTC $BLOK $BNB $ADA $LRC $ENS $SOL
JUST IN: AMC will be able to accept SHIB for online payments of movie tickets and concessions, within 60 to 120 days.
SOURCE: CEO Adam
BREAKING: New report shows $SHIB has officially reached ONE MILLION holders!
This is absolutely incredible and speaks to how amazing the #ShibArmy community is. Continuing our journey to the moon!
https://www.gfinityesports.com/cryptocurrency/shiba-inu-coin-hits-1000000-holder-milestone-shib-auditor/
Shiba Inu breached the 1,000,000 holder mark yesterday, according to data from Certik, the company that audited SHIB.
Certik shows that 1,014,758 unique addresses currently own SHIB, adding 32,000 new holders yesterday. This comes just three weeks after SHIB first hit the 750,000 milestone.
Certik’s data does, however, contrast with that on Etherscan and CoinMarketCap. Etherscan suggests the number of holders is 958,000, while CoinMarketCap states SHIB has 985,000 holders.
1 Million Shiba Inu Hodlers
SHIB’s additional 250,000 holders come after the token has spent a significant amount of period dominating cryptocurrency discussions.
In the time between these two milestones, SHIB has reached several all-time highs (the latest of which was $0.00008616), overtaken Dogecoin, and topped Binance’s trading volume chart. Edward Snowden even tweeted about SHIB.
Indeed, given that exchanges dominate the top Shiba wallets by holding their users’ SHIB in larger wallets rather than one per user, the number of SHIB holders is likely much higher.
Following this achievement, the ShibArmy will look towards the next user milestones of 1,500,000 and 2,000,000. If SHIB can maintain a consistent rate of 10,000 users a day, it could reach 1,500,000 around New Year’s Day. By the end of February, it could hit 2,000,000 holders.
While SHIB is just behind Dogecoin’s market cap, it remains some way off of the total number of DOGE addresses. According to CoinMarketCap, Dogecoin has 4,544,527 unique addresses.
This isn’t the only Shiba-related milestone this month. On November 5, a petition to list SHIB on Robinhood reached 500,000 signatures.
SHIB's price is $0.00005314 - up 3.1% in the last 24 hours but down 9.7% in the past week.
Read More: Stop Calling Shiba Inu a Memecoin, Say SHIB Hodlers
DETAILS: Certik shows that 1,014,758 unique addresses currently own $SHIB, adding 32,000 new holders yesterday.
This comes just three weeks after SHIB first hit the 750,000 milestone.
BREAKING: $SHIB Listed on ChangeHero for Accountless and Limitless Exchange.
Another big listing!
SOURCE: https://news.bitcoin.com/shib-listed-on-changehero-for-accountless-and-limitless-exchange/
PRESS RELEASE. ChangeHero instant cryptocurrency exchange listed SHIB on its platform. Customers can exchange SHIB against over 80 cryptocurrencies without an account. Now crypto enthusiasts can easily exchange or buy SHIB not only with Ethereum based tokens but also with cryptocurrencies of different blockchains.
To celebrate the listing, ChangeHero announced a zero fees exchange offer for SHIB. Users can exchange SHIB to any other cryptocurrency or the other way around without any fees. The offer is valid until November 15, 2021, and available only on the web version of the platform.
One can make a simple exchange with SHIB using the Best Rate type of transaction on ChangeHero. Please note that the zero fees exchange offer is not valid for the Fixed Rate type of transaction.
There are no additional requirements such as a registration for the users to enjoy the offer. Furthermore, there is no maximum limit on the amount of SHIB that can be exchanged in a transaction.
About Shiba Inu (SHIB)
Shiba Inu (SHIB) is a memecoin that aspires to be the “Doge Killer”. The community-run token is building an ecosystem of DeFi products on Ethereum, with the DEX ShibaSwap being its flagship product. The ecosystem also includes an NFT incubator and two other tokens: LEASH and BONE.
About ChangeHero
ChangeHero is redefining crypto swaps with its instant cryptocurrency exchange. The platform offers crypto-to-crypto exchange of Bitcoin, Ethereum, Litecoin and over 80 other cryptocurrencies.
The exchange is completely account free, and anyone can swap crypto in a matter of minutes. ChangeHero is specifically aimed at beginners and also crypto experts who prefer a clean UI. There is also 24/7 customer support to assist the users during the process of exchanging crypto.
Please get in touch with ChangeHero regarding any queries:
Website: https://changehero.io/
Twitter: https://twitter.com/Changehero_io
Media: marketing@changehero.io
Business Development: partners@changehero.io
Customer Service: support@changehero.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The Gemini listing is great news and great momentum for $SHIB! We will continue to build SHIB ARMY and our incredible community together.
BREAKING: The huge exchange GEMINI is officially listing $SHIB. This is huge news and seems like only a matter of time before Robinhood will finally do the same.
Kraken continues to be silent. Ridiculous. $shib
New Record: $SHIB reaches an astonishing 975,000+ holders.
Current Holder Count: 975,706
https://www.whalestats.com/erc20-token/shiba-inu
Shiba Inu on-chain activity explodes as research connects Vitalik Buterin to SHIB developers
https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-on-chain-activity-explodes-as-research-connects-vitalik-buterin-to-shib-developers-202111120848
11/12/2021 8:48:32 AM GMT
$5.6 billion in SHIB has been traded in the past 24 hours across exchanges.
Figaro Research has linked Vitalik Buterin in a trail of transactions that link his wallet to the deployment of Shiba Inu.
Bricks Buster, a mobile game, burns SHIB through ad revenue to reduce Shiba Inu's circulating supply.
Analysts expect Shiba Inu is ready to make an explosive move and resume its uptrend.
Experts investigating Shiba Inu have found a connection with Ethereum co-founder Vitalik Buterin. Buterin or Ethereum core developers may be associated with the Shiba Inu token's creation and development, according to findings by Figaro Research. The news has sparked a sudden rise in take-up of the coin over the last 24 hours.
Shiba Inu daily transaction volume exceeds $5.6 billion, as analysts are bullish on SHIB
The Dogecoin-killer Shiba Inu ranks eleventh by market capitalization. After flipping Dogecoin a few times, SHIB price has plunged nearly 15% over the past two weeks.
Shiba Inu is on track for recovery as SHIB on-chain activity explodes. The 24-hour SHIB trade volume has crossed $5.6 billion across exchanges.
A research firm named "Figaro Research" has surfaced with an investigation into Shiba Inu founder Ryoshi's connection with the Ethereum core development team.
The firm has thoroughly investigated the link between SHIB and Vitalik Buterin through blockchain records and transactions by different wallet addresses. The author of the research report believes that Vitalik Buterin's wallet "vb2" has funded wallet "X" that has close links with Ryoshi and the wallet address that deployed SHIB.
Interestingly, wallet "X" is significant since it has interacted with wallet addresses of developers in the Ethereum core team.
The findings are consistent with the speculation around the link between SHIB and the Ethereum development team.
The Shiba Inu community is awaiting the launch of an NFT game to burn more SHIB tokens, reducing the percentage of the memecoin's supply in circulation. A mobile game, Bricks Buster, burns SHIB tokens through ad revenue.
Travis Johnson, the developer of Bricks Buster, states that the game burns nearly $10 a day from Google advertising revenue. Johnson was quoted as saying:
If the ShibArmy really got involved, we could literally be burning thousands of dollars a day, at no cost to the ShibArmy. Burning 500 trillion SHIB is going to take a long time no matter how we go about it. It's just a matter of consistency, and implementing as many new burn strategies as we can.
Mark Cullen, a cryptocurrency analyst, has evaluated the SHIB price trend and predicted that Shiba Inu is likely to break out of the down-trending channel. The analyst's first target for SHIB price is $0.0000786.
Disclaimer: FXStreet has reached out to Ethereum core developers to get an official statement about the recent developments, but it has yet to hear back.
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Cryptos feed
New Record: $SHIB reaches an astonishing 965,000+ holders.
Current Holder Count: 966,677