Eve Holding shares jump 10.91% after-hour after selecting BETA for electric pusher motors.

Eve Holding Inc. (NYSE:EVEX) surged 10.91% in after-hours trading following the announcement that it selected BETA Technologies Inc. (NYSE:BETA) as the supplier for electric pusher motors in its conforming prototypes and production. The partnership, which positions BETA as a key partner in Eve’s electric vertical takeoff and landing (eVTOL) aircraft development, drove optimism about the company’s technological progress and supply chain readiness. The stock’s significant after-hours gain aligns with the 9.5% rise in BETA’s shares, reflecting market enthusiasm for the strategic collaboration. The news underscores Eve’s commitment to advancing its eVTOL program, enhancing investor confidence in its long-term growth prospects.