Latest news with #aerialvehicles
South China Morning Post
a day ago
- Business
- South China Morning Post
Hong Kong to allow drone trials with higher payloads to boost low-altitude economy
The Hong Kong government plans to permit more businesses to test higher-capacity aerial vehicles, aiming to boost the low-altitude economy and assess their impact on logistics efficiency and traffic, Deputy Financial Secretary Michael Wong Wai-lun said. Speaking to more than 100 government officials, company executives, venture capitalists and researchers at the International Automotive & Supply Chain Expo on Friday, he said losses were possible even though these drones are expected to create a global market worth several billion dollars in the next few years. 'Amendments to local laws and regulations to promote the development of the low-altitude economy are in the works,' he said. One of the key points of the amended laws would be to allow higher payloads, which would result in more such drones being allowed to operate, he added. The official did not say which types of flying vehicles would be given the go ahead as he promoted the low-altitude economy at the city's largest marquee event. 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 'Some of the businesses will be highly successful after they are commercialised, while some will not,' Wong said. Hong Kong launched a sandbox project to support the low-altitude economy – businesses operating aerial vehicles below 1,000 metres – last November, which was aimed at testing airspace operations and infrastructure, as well as developing policies and regulatory guidelines for the so-called eVTOL (electric vertical take-off and landing) industry.
Yahoo
27-05-2025
- Business
- Yahoo
EHang Holdings Ltd (EH) Q1 2025 Earnings Call Highlights: Navigating Challenges and Seizing ...
Revenue: RMB26.1 million in Q1 2025. Gross Profit: RMB16.3 million in Q1 2025. Gross Margin: 62.4% in Q1 2025. Total Operating Expenses: RMB110 million in Q1 2025. Adjusted Operating Expenses: RMB63.6 million in Q1 2025. Adjusted Net Loss: RMB31.1 million in Q1 2025. Cash, Restricted Deposits, and Short-term Investments: RMB1.11 billion as of March 31, 2025. Annual Revenue Guidance: RMB900 million for 2025. Warning! GuruFocus has detected 2 Warning Signs with EH. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EHang Holdings Ltd (NASDAQ:EH) achieved a major regulatory milestone with the issuance of air operator certificates for human-carrying pilotless aerial vehicles, marking the start of commercial operations in China's low-altitude economy. The company completed the final assembly of its next-generation VT35 model, which features significant upgrades and is undergoing full-scale flight testing, with type certification application accepted by the CAAC. EHang Holdings Ltd (NASDAQ:EH) is expanding its production capacity, with the Yunfu facility doubling in size and additional assembly facilities being built in Hefei and Weihai to support future demand. The company has a strong focus on R&D, holding over 700 issued and pending patents, and is collaborating with academic institutions to drive innovation in autonomous aerial vehicle technologies. EHang Holdings Ltd (NASDAQ:EH) is actively expanding its international presence, with successful flight demonstrations in Spain and Mexico, and plans to launch commercial operations in Thailand. EHang Holdings Ltd (NASDAQ:EH) experienced a decline in Q1 2025 revenues compared to the previous year and quarter, primarily due to decreased sales volume of EH216 series products. The company faced a seasonal slowdown in deliveries during Q1, impacted by winter months and the Chinese New Year holiday, as well as delays in customer orders pending OC certification. Operating expenses in Q1 were high, although there was a quarter-on-quarter decrease, reflecting the company's ongoing expansion and recruitment efforts. The adjusted net loss for Q1 was RMB31.1 million, driven by a decline in deliveries, although the company expects financial performance to improve in subsequent quarters. EHang Holdings Ltd (NASDAQ:EH) faces competition from peers with different aircraft designs, and some competitors have applied for type certification ahead of the VT35, potentially impacting market positioning. Q: Could you provide an outlook on when we might see significant growth in sales and deliveries, given the unchanged revenue guidance of RMB900 million for 2025? A: Q1 performance declined due to seasonal factors and customers delaying orders until after OC certification. However, post-certification, internal data shows improvements in Q2 delivery volumes and sales. Large orders from various provinces will begin converting into contracts and deliveries starting from Q2. Thus, we maintain our full-year revenue guidance of RMB900 million. Q: How long does it take for EH216 owners to get the operating certificate, and how many more operators might get approval for commercial operations this year? A: The OC issuance clarifies regulatory standards, reducing application timelines for future operators. Many of our customers are currently in the application process, and we expect more operators to receive approval this year, translating into more deliveries and scaled operations. Q: How does EHang plan to stay competitive against peers with different designs and earlier type certification applications? A: Urban air mobility and intra-city air transport serve different markets. Our 216S multi-copter configuration is compact, enabling larger scale deployment in urban environments. It is cost-effective, selling for significantly less than competitors' aircraft. Our autonomous flight approach eliminates pilot costs, and we are continuously developing technology and products to maintain competitiveness. Q: When are we expecting formal commercial operations to commence in Guangzhou and Hefei? A: Both operators in Guangzhou and Hefei are conducting trial operations following OC certification. Safety remains paramount, and we are implementing a phased operational approach. Once sufficient operational experience is accumulated, operators will open public sales. Q: What is the progress on the VT35 airworthiness certification and international market expansion? A: The VT35 assembly is complete, and it is undergoing comprehensive flight testing. The CAAC has accepted our type certificate application, and we expect an accelerated certification process. Internationally, we have conducted successful flight demos in Spain and Mexico, and plan to launch commercial operations in Thailand soon. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
27-05-2025
- Business
- Yahoo
EHang Holdings Ltd (EH) Q1 2025 Earnings Call Highlights: Navigating Challenges and Seizing ...
Revenue: RMB26.1 million in Q1 2025. Gross Profit: RMB16.3 million in Q1 2025. Gross Margin: 62.4% in Q1 2025. Total Operating Expenses: RMB110 million in Q1 2025. Adjusted Operating Expenses: RMB63.6 million in Q1 2025. Adjusted Net Loss: RMB31.1 million in Q1 2025. Cash, Restricted Deposits, and Short-term Investments: RMB1.11 billion as of March 31, 2025. Annual Revenue Guidance: RMB900 million for 2025. Warning! GuruFocus has detected 2 Warning Signs with EH. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EHang Holdings Ltd (NASDAQ:EH) achieved a major regulatory milestone with the issuance of air operator certificates for human-carrying pilotless aerial vehicles, marking the start of commercial operations in China's low-altitude economy. The company completed the final assembly of its next-generation VT35 model, which features significant upgrades and is undergoing full-scale flight testing, with type certification application accepted by the CAAC. EHang Holdings Ltd (NASDAQ:EH) is expanding its production capacity, with the Yunfu facility doubling in size and additional assembly facilities being built in Hefei and Weihai to support future demand. The company has a strong focus on R&D, holding over 700 issued and pending patents, and is collaborating with academic institutions to drive innovation in autonomous aerial vehicle technologies. EHang Holdings Ltd (NASDAQ:EH) is actively expanding its international presence, with successful flight demonstrations in Spain and Mexico, and plans to launch commercial operations in Thailand. EHang Holdings Ltd (NASDAQ:EH) experienced a decline in Q1 2025 revenues compared to the previous year and quarter, primarily due to decreased sales volume of EH216 series products. The company faced a seasonal slowdown in deliveries during Q1, impacted by winter months and the Chinese New Year holiday, as well as delays in customer orders pending OC certification. Operating expenses in Q1 were high, although there was a quarter-on-quarter decrease, reflecting the company's ongoing expansion and recruitment efforts. The adjusted net loss for Q1 was RMB31.1 million, driven by a decline in deliveries, although the company expects financial performance to improve in subsequent quarters. EHang Holdings Ltd (NASDAQ:EH) faces competition from peers with different aircraft designs, and some competitors have applied for type certification ahead of the VT35, potentially impacting market positioning. Q: Could you provide an outlook on when we might see significant growth in sales and deliveries, given the unchanged revenue guidance of RMB900 million for 2025? A: Q1 performance declined due to seasonal factors and customers delaying orders until after OC certification. However, post-certification, internal data shows improvements in Q2 delivery volumes and sales. Large orders from various provinces will begin converting into contracts and deliveries starting from Q2. Thus, we maintain our full-year revenue guidance of RMB900 million. Q: How long does it take for EH216 owners to get the operating certificate, and how many more operators might get approval for commercial operations this year? A: The OC issuance clarifies regulatory standards, reducing application timelines for future operators. Many of our customers are currently in the application process, and we expect more operators to receive approval this year, translating into more deliveries and scaled operations. Q: How does EHang plan to stay competitive against peers with different designs and earlier type certification applications? A: Urban air mobility and intra-city air transport serve different markets. Our 216S multi-copter configuration is compact, enabling larger scale deployment in urban environments. It is cost-effective, selling for significantly less than competitors' aircraft. Our autonomous flight approach eliminates pilot costs, and we are continuously developing technology and products to maintain competitiveness. Q: When are we expecting formal commercial operations to commence in Guangzhou and Hefei? A: Both operators in Guangzhou and Hefei are conducting trial operations following OC certification. Safety remains paramount, and we are implementing a phased operational approach. Once sufficient operational experience is accumulated, operators will open public sales. Q: What is the progress on the VT35 airworthiness certification and international market expansion? A: The VT35 assembly is complete, and it is undergoing comprehensive flight testing. The CAAC has accepted our type certificate application, and we expect an accelerated certification process. Internationally, we have conducted successful flight demos in Spain and Mexico, and plan to launch commercial operations in Thailand soon. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
