Ehang Holdings Ltd Stock Price, News & Analysis

EHang Holdings announced that its EH216-S pilotless eVTOL aircraft completed debut passenger flights in Thailand at Bangkok's Queen Sirikit National Convention Center, marking its expansion to the 18th country globally. With permission from Thailand's Civil Aviation Authority (CAAT), EHang plans to conduct flight tests and launch commercial operations in regions like Phuket and Koh Samui by 2025. The demonstration flights, conducted over three consecutive days, included passengers from Sky Image Tech and Bangkok Airways. The CAAT plans to open flight tests for certified eVTOLs in various locations and aims to commence commercial operations in specific areas by 2025.

EHang Holdings (Nasdaq: EH) has formed a strategic partnership with the Civil Aviation Flight University of China (CAFUC) to develop professional talents for unmanned aerial vehicles (UAVs). The collaboration aims to address China's estimated talent shortage of up to 1 million in the low-altitude economy sector. The partnership will focus on training operators and maintenance staff for EHang's pilotless eVTOL aircraft, particularly the EH216-S model, which recently received three CAAC airworthiness certificates. The program will combine academic education with vocational training, enabling graduates to obtain both basic large UAV licenses and specific EH216-S operator licenses.

EHang Holdings (Nasdaq: EH) has achieved a significant milestone with the first flight of its EH216-S pilotless eVTOL in Brazil. The flight took place in Quadra, São Paulo region, in partnership with local operator Gohobby Future Technologies. This event marks a important step for Urban Air Mobility (UAM) development in Brazil, one of the world's largest eVTOL markets.

Brazil's National Civil Aviation Agency (ANAC) granted the Experimental Flight Authorization Certificate (CAVE) to EH216-S, enabling trial operations in the country. EHang and Gohobby are conducting extensive trial and test campaigns in collaboration with ANAC and the Brazilian Airspace Control Department (DECEA) to promote the development of Concepts of Operations and Unmanned Aircraft Traffic Management systems.

EHang has already carried out over 50,000 safe flights in 17 countries across Asia, Europe, North America, and Latin America. The company aims to develop safe, efficient, eco-friendly, and accessible Urban Air Mobility solutions for Brazil and Latin America.

EHang Holdings (Nasdaq: EH) has obtained an Experimental Flight Authorization Certificate (CAVE) from Brazil's National Civil Aviation Agency (ANAC) for its EH216-S pilotless electric Vertical Take-Off and Landing (eVTOL) aircraft system. This authorization allows EHang and its local partner Gohobby to conduct test and trial flights in Brazil, demonstrating the aircraft's intelligent flight technology and cluster management system.

The certification follows a thorough review process and aligns with recent cooperation agreements between Brazil and China to strengthen their partnership in civil aviation. EHang plans to collaborate with ANAC and Brazil's Airspace Control Department (DECEA) to advance research on Concepts of Operations and Unmanned Aircraft Traffic Management (UTM) systems for safe UAM deployments in Brazil.

EHang Holdings (Nasdaq: EH), a leading urban air mobility technology company, has strongly refuted recent unfounded rumors circulating in retail investor communities. These baseless allegations, which falsely claim EHang is related to a U.S. government investigation on Chris Hu, have unfairly impacted the Company's stock price. EHang categorically denies any involvement in such activities and affirms that its management team, including Founder, Chairman and CEO Huazhi Hu, has no personal connections to the incident mentioned in the rumors.

The Company emphasizes its commitment to transparency and compliance in both China and the U.S. operations. EHang remains focused on developing and commercializing autonomous aerial vehicle technology and will consider legal action against those spreading false information to protect its reputation and shareholder interests.

EHang Holdings (NASDAQ: EH) reported unaudited financial results for Q2 2024, showcasing a record-breaking 919.6% YoY revenue increase to RMB102.0 million (US$14.0 million). The company delivered 49 units of its EH216 series products, its highest quarterly volume. Gross margin improved to 62.4%, and adjusted net income reached RMB1.2 million (US$0.2 million). Operating loss stood at RMB77.4 million (US$10.7 million), but this marked a 90.9% improvement in adjusted operating loss from the same period last year. EHang raised US$76.2 million through an at-the-market equity offering, strengthening its liquidity. Significant orders were secured, including 50 units in Shanxi and 30 units in Zhejiang. EHang also received the EH216-S Production Certificate from CAAC, enabling steady production ramp-up. Strategic collaborations were formed with China Southern Airlines General Aviation and partnerships in the Middle East and with GBT for ultra-fast charging battery solutions. The company maintained positive operating cash flow for the third consecutive quarter.

EHang Holdings (Nasdaq: EH), a leading urban air mobility technology platform company, has announced it will release its unaudited financial results for the second quarter of 2024 on Thursday, August 22, 2024, before the U.S. market opens. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day.

To participate in the conference call, individuals must register online to receive dial-in information and a PIN. A live and archived webcast of the call will be available on EHang's Investor Relations website. This announcement indicates EHang's commitment to transparency and investor communication, providing stakeholders with timely updates on the company's financial performance.

EHang Holdings (Nasdaq: EH) has delivered the first batch of 10 EH216-S pilotless eVTOL aircraft to Xishan Tourism in Taiyuan, China. The company completed debut passenger-carrying flights on July 28, 2024, showcasing the potential for aerial sightseeing services. Two EH216-S aircraft took off simultaneously with four passengers onboard, demonstrating autonomous flying and cluster management capabilities.

Xishan Tourism has ordered 50 units of EH216-S, with plans to acquire an additional 450 units over the next two years. The company aims to deploy these aircraft for local low-altitude sightseeing and tourism services, establishing flight routes at various locations in Taiyuan. This initiative aligns with Shanxi Province's efforts to develop its low-altitude economy and general aviation industry.

EHang has also applied for the EH216-S Air Operator Certificate (AOC) from the Civil Aviation Administration of China, marking a significant milestone for the global eVTOL industry. The company is gradually delivering EH216-S to multiple cities and assisting local partners in creating application scenarios to obtain OC.

EHang Holdings (Nasdaq: EH) announced that the Civil Aviation Administration of China (CAAC) has formally accepted Air Operator Certificate (AOC) applications from its subsidiary and joint venture. This marks the start of the review process for pilotless passenger-carrying eVTOL aircraft business licenses and operational qualifications. The CAAC has formed a specialized review team for this world-first project.

EHang is collaborating with CAAC to develop EH216-S operational standards, which will serve as a reference for the world's first commercial operation regulatory system for pilotless passenger-carrying eVTOLs. The company recently contributed to the release of China's first technical specification for eVTOL aircraft landing sites.

This milestone brings EHang closer to its goal of commercial operation of unmanned passenger-carrying aerial vehicles, representing the final step for urban air mobility entering the consumer market.