Latest news with #ConorYang
Yahoo
27-05-2025
- Business
- Yahoo
EHang reports Q1 adjusted EPADS (RMB 0.42) vs. (RMB 0.16) last year
Reports Q1 total revenues were RMB 26.1M, or $3.6M, compared with RMB 61.7M in the first quarter of 2024 and RMB 164.3M in the fourth quarter of 2024. Sales and deliveries of EH216 series eVTOL were 11 units. Huazhi Hu, Founder, Chairman and Chief Executive Officer of EHang (EH), said: 'In the first quarter of 2025, EHang reached a defining moment in our path toward commercial urban air mobility. The official issuance of Air Operator Certificates to EH216-S operators by the CAAC marked the approval for commercial human-carrying pilotless eVTOL flight services in China, a significant milestone for both EHang and the low-altitude economy, making urban air mobility accessible to the public. In parallel, we are excited that our next-gen VT35, a long-range lift-and-cruise pilotless eVTOL model, is progressing into type certification process by the CAAC. This model will expand our product portfolio beyond the EH216 series in urban air mobility, enabling broader application scenarios in long-range regional air mobility in the future. Looking ahead, EHang will continue to push the boundaries of innovation and expand our commercial operations gradually. We are confident in our ability to shape the future of air mobility and maintain our leadership in this sector.' Conor Yang, Chief Financial Officer of EHang, added: 'In the first quarter of 2025, we recorded a revenue decline, primarily due to the timing of customer procurement plans aligning with the issuance of the first OCs at the end of March. However, we are encouraged by the rebound in the second quarter, with sales and deliveries ramping up. Against the backdrop of recent geopolitical tensions and global market volatility, our operations have not been impacted by tariff measures. We are also exploring potential options for a listing outside the United States, in addition to our existing primary listing on Nasdaq.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on EH: Disclaimer & DisclosureReport an Issue Options Volatility and Implied Earnings Moves Today, May 26, 2025 EH Earnings Report this Week: Is It a Buy, Ahead of Earnings? Unusually active option classes on open May 23rd TipRanks' AI Says Skip Archer (ACHR) — This Flying Car Stock Is the Real Winner Caterpillar, First Solar, Enphase, Ehang, Rivian: Trending by Analysts Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
EHang (EH) Reports Q1 2025 Results, Maintains Full-Year Guidance
On May 26, Chinese UAV company EHang Holdings Limited (NASDAQ:EH) released its unaudited results for Q1 2025. The company reported quarterly revenue of RMB26.1 million, reflecting a 57% decrease year-over-year. The quarterly net loss also widened from RMB63.4 million in Q1 2024 to RMB78.4 million in Q1 2025. Despite the decline in revenue, the gross margins improved 0.5% from 61.9% a year ago to 62.4% in the latest quarter. A drone taking off from a commercial warehouse, representing the company's custom manufacturing capabilities. Conor Yang, Chief Financial Officer of EHang Holdings Limited (NASDAQ:EH) attributed revenue decline to the timing of customer procurement plans and expressed his confidence in a better second quarter driven by a ramp-up in sales and deliveries. The fiscal first quarter of 2025 was a defining one for the company as in March 2025, its EH216-S operators received the first Air Operator Certificates (AOCs) from the Civil Aviation Administration of China (CAAC). This essentially authorizes the company to operate commercial human-carrying pilotless eVTOL flight services in China. Moreover, its next-gen VT35 is also progressing through the certification process by CAAC and will expand its portfolio beyond the EH216 series in urban air mobility. EHang Holdings Limited (NASDAQ:EH) also maintained its revenue guidance of achieving RMB900 million for fiscal 2025. While we acknowledge the potential of EH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EH and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Sign in to access your portfolio
The Star
22-05-2025
- Business
- The Star
Chinese drone maker EHang sees flying taxis take off by 2030 on the mainland
EHang, which is conducting trials in Guangzhou and Hefei, will offer services in restricted corridors in these two cities by year-end. — SCMP Flying taxis could be used for public transport within the next five years on the mainland, according to a senior executive of Chinese passenger drone maker EHang Holdings. 'I believe that by 2030, China will likely have fixed-route air shuttle services,' chief financial officer Conor Yang said in an interview on Tuesday. 'It's also possible that in some cities, with sufficient infrastructure such as take-off and landing points, air taxi services could emerge.' The Nasdaq-listed developer of electric vertical take-off and landing (eVTOL) aircraft for urban air mobility and joint venture partner Hefei Heyi Aviation in March became the first companies in the world to receive certification from the Civil Aviation Administration of China (CAAC) to operate autonomous passenger drones. Yang said EHang was conducting trial flights in Guangzhou and Hefei to collect and analyse data before it starts operating in designated areas in these two cities by the end of this year. The Guangzhou-based company has received certification for its twin-passenger EH216-S aircraft, which has a top speed of 130km/h and a range of 30km. The EH216-S is available for 2.39mil yuan (RM1.41mil or US$331,000) on Chinese e-commerce platform Taobao. 'We are seeing strong interest in our services overseas, particularly in the Middle East, Southeast Asia and even Latin America,' Yang said. He said EHang was in discussions with Thailand's civil aviation authorities to operate eVTOLs in designated areas in the country after it completed its maiden passenger flight in Bangkok in November. Beijing has taken many steps in recent months to accelerate the development of the low-altitude economy – businesses operating aerial vehicles below 1,000 metres. China's low-altitude economy is predicted to be worth 1.5 trillion yuan (RM 886.67 bil) by 2025 and reach 2.5 trillion yuan (RM 1.47 trillion) by 2035, according to CAAC. By 2030, China could have 100,000 eVTOLs, the China Low Altitude Economic Alliance, an industry body, estimated last year. Some of China's biggest carmakers, such as FAW Group, Geely Auto and Tesla rival Xpeng, are also keen on entering the flying taxi segment. 'The overall landscape is quite large and it can't be dominated by just one company,' said Yang. 'Of course, we are very confident that we will continue to be the leader.' Late last year, EHang tied up with state-owned Changan Automobile to undertake research and development, manufacturing, and sales and operations of eVTOLs. The companies also said they would consider forming a joint venture to develop technologies. EHang will launch an upgraded version of its lift-and-cruise VT-30 eVTOL aircraft called the VT-35 this quarter, with plans to operate the longer range drone on intercity, cross-bay and cross-mountain routes. Later in the year, Yang said the company would unveil at least two battery solutions developed in partnership with a leading Chinese manufacturer, without disclosing its name. EHang and Gotion signed a deal in 2023 to co-develop battery products for eVTOLs, including cells, packs, storage systems and charging facilities. There were also plans to expand the annual aircraft production capacity to 1,000 units by the end of the year from 300 at present. Yang also said EHang was looking into another potential listing location outside the US, without divulging details. Stuart Pearson, the global head of automobile equity research at BNP Paribas, said deploying eVTOLs for commercial passenger use would not be possible until the 2040s and that initial commercial applications were likely to focus on logistics and delivery. 'I guess it's a moon shot at the moment, but as we've learned over the last decade, some of these technologies can move along a lot quicker than we expected,' he said in a media briefing in Hong Kong on Monday. 'AI [artificial intelligence], of course, will accelerate the potential for the aerial mobility sector.' – South China Morning Post
South China Morning Post
21-05-2025
- Business
- South China Morning Post
Chinese drone maker EHang sees flying taxis take off by 2030 on the mainland
Flying taxis could be used for public transport within the next five years on the mainland, according to a senior executive of Chinese passenger drone maker EHang Holdings. Advertisement 'I believe that by 2030, China will likely have fixed-route air shuttle services,' chief financial officer Conor Yang said in an interview on Tuesday. 'It's also possible that in some cities, with sufficient infrastructure such as take-off and landing points, air taxi services could emerge.' The Nasdaq-listed developer of electric vertical take-off and landing (eVTOL) aircraft for urban air mobility and joint venture partner Hefei Heyi Aviation in March became the first companies in the world to receive certification from the Civil Aviation Administration of China (CAAC) to operate autonomous passenger drones. Yang said EHang was conducting trial flights in Guangzhou and Hefei to collect and analyse data before it starts operating in designated areas in these two cities by the end of this year. The Guangzhou-based company has received certification for its twin-passenger EH216-S aircraft, which has a top speed of 130km/h and a range of 30km. 08:18 Flying taxis, airships and drones: the rise of China's low-altitude economy Flying taxis, airships and drones: the rise of China's low-altitude economy The EH216-S is available for 2.39 million yuan (US$331,000) on Chinese e-commerce platform Taobao. Advertisement 'We are seeing strong interest in our services overseas, particularly in the Middle East, Southeast Asia and even Latin America,' Yang said. He said EHang was in discussions with Thailand's civil aviation authorities to operate eVTOLs in designated areas in the country after it completed its maiden passenger flight in Bangkok in November.
Bloomberg
19-05-2025
- Business
- Bloomberg
China's Ehang Mulls Listing Outside of US
The Nasdaq-listed Chinese producer of electric aircraft Ehang is "actively exploring different alternatives" for a secondary listing outside of the US. CFO Conor Yang discussed the company's international expansion plans with David Ingles and Yvonne Man on "Bloomberg: The China Show" from the sidelines of the BNP Paribas Global Electric Vehicle & Mobility Conference. (Source: Bloomberg)
