(MENAFN - Newsfile Corp) 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.