Latest news with #EH216-S
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
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
Yahoo
15-04-2025
- Business
- Yahoo
EHang Files Annual Report on Form 20-F for Fiscal Year 2024
GUANGZHOU, China, April 15, 2025 (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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the 'SEC') on April 15, 2025. The annual report can be accessed on the Company's investor relations website at and on the SEC's website at The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's Investor Relations Department at ir@ About EHangEHang (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 human transportation and logistics), smart city management, and aerial media solutions. EHang's EH216-S has obtained the world's first type certificate ('TC'), production certificate ('PC') and standard airworthiness certificate ('AC') for pilotless human-carrying electric vertical takeoff and landing ('eVTOL') aircraft by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates ('OC') for civil human-carrying pilotless aerial vehicles by the CAAC. As a pioneer in UAV technologies and commercial solutions in the global UAM industry, EHang is committed to make autonomous flight a part of everyday life - delivering the transformative benefits of urban air mobility to smart cities and communities around the world. For more information, please visit Safe Harbor StatementThis 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@ Contact: pr@ in to access your portfolio
Associated Press
04-04-2025
- Business
- Associated Press
EHang States No Impact on Operations from Recent U.S.–China Tariff Actions
GUANGZHOU, China, April 04, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited ('EHang' or the 'Company') (Nasdaq: EH), the world's leading Urban Air Mobility ('UAM') technology platform company, stated today that recent tariff developments between China and the United States are not expected to have any material impact on the Company's operations. Recent U.S. tariff adjustments on certain Chinese goods have triggered global market volatility, and EHang has experienced short-term share price fluctuations driven by market sentiment. In response, the Company hereby clarifies the following: Recent tariff measures announced by both governments are not expected to have any material impact on EHang's operations. The Company does not currently export its autonomous aerial vehicles (AAVs) or related products to the U.S. market, nor does it rely on U.S.-origin components in its manufacturing processes. We do not use U.S.-restricted semiconductors, aerospace components, or other controlled technologies. Our supply chain remains secure and independent, ensuring no operational disruption due to trade policy changes. In 2024, EHang generated 95% of its revenues from the Chinese market, and its core business is focused on UAM solutions in the Chinese market. At present, the Company does not export products to the U.S. market, and therefore the recent tariff adjustments have no impact on existing revenue streams. With localized production capabilities and a growing international presence across Asia, Europe, and other markets, EHang remains well-positioned to maintain business continuity and pursue long-term growth. The Company will continue to closely monitor international trade dynamics and adapt proactively, while remaining committed to delivering innovative, safe, and sustainable UAM solutions worldwide. 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 human transportation and logistics), smart city management, and aerial media solutions. EHang's EH216-S has obtained the world's first type certificate ('TC'), production certificate ('PC') and standard airworthiness certificate ('AC') for pilotless human-carrying electric vertical takeoff and landing ('eVTOL') aircraft by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates ('OC') for civil human-carrying pilotless aerial vehicles by the CAAC. As a pioneer in UAV technologies and commercial solutions in the global UAM industry, EHang is committed to make autonomous flight a part of everyday life - delivering the transformative benefits of urban air mobility to smart cities and communities around the world. For more information, please visit 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.
Forbes
04-04-2025
- Business
- Forbes
Ehang Approved In China — But Air Taxis Remain Many Years From Takeoff
Ehang's eVTOL taking off from EHang Future City at Guangzhou Suigang Port, one of two regions where ... More the aircraft will be allowed to make passenger flights from this June. China's Ehang has been certified for pilotless flight for its autonomous eVTOL aircraft — but air taxi services still remain three to five years out, the company said. Ehang said earlier this week that the Civil Aviation Administration of China (CAAC) had granted the Ehang EH216-S the first air operator certificate (OC) for pilotless aerial vehicles carrying human passengers. However, those first flights will be for limited "low-altitude tourism" and urban sightseeing tours at Guangzhou and Hefei only, the company said, rather than wider air taxi services. In an interview with CNBC, Ehang vice president He Tianxing said that passengers would be able to take rides along set routes in those two destinations from the end of June, with further tourist routes planned pending approval at six different locations including Shenzhen. The flights must be completed in a loop, with the aircraft landing where it took off from, according to Flying Magazine. That report noted that operations are certified for "human carrying" rather than "passenger transport" — the former are restricted to private routes, are non-scheduled trips, and sell tickets directly, versus the latter offering scheduled, regulator routes. The Urban Air Mobility Operations Center at Luogang Central Park in Hefei, China, one of two regions ... More where Ehang will begin eVTOL operations. Ehang's He told CNBC that he couldn't share the price of rides, which would range from three to ten minutes in length. While tourists will be able to experience Ehang's EH216-S aircraft on set sightseeing routes, commercial air taxi services remain at least three to five years out, He told CNBC. For that to happen, the operator certificates will need to be extended to cover urban commuting. "In the future, operators will also gradually expand into more other scenarios such as urban commuting based on operational conditions legally and compliantly," the company added in a statement. Though the Ehang EH216-S aircraft remains ahead of rivals, it's still possible to beat the Chinese aviation company to launch the world's first air taxi service using an electric vertical takeoff and landing (eVTOL) aircraft. Joby in Dubai and Archer in Abu Dhabi are both hoping their piloted air taxi flights could start as early as this year or next, though services would likely be limited to a small number of aircraft on set routes. However, SMG Consulting ranks both those projects as being "highly unlikely" to meet that entry into service date. That CAAC certification covers Ehang's EH216-S, which can carry two people at speeds of 130km/h for up to 30 kilometers. That vehicle received type certification 18 months ago — the only eVTOL to do so as yet — followed by production certification in April last year. Ehang Intelligent's electric Vertical Take-off and Landing aircraft (eVTOL) EH216-S make its maiden ... More flight at Shanghai Longhua Heliport in Shanghai, China on January 16, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images) The Ehang EH216-S does not have a pilot on-board. Instead, it follows a set route with a pre-set flight plan, optimised before takeoff based on weather and traffic, and is remotely monitored from a command and control centre that can override the autonomous system if needed. The aircraft's autonomous systems to take off and land, making use of sensors including LIDAR for obstacle detection and avoidance, changing flight plans in case of wind changes, and so on.
