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EHang Holdings Limited - EH STOCK NEWS

Welcome to our dedicated page for EHang Holdings news (Ticker: EH), a resource for investors and traders seeking the latest updates and insights on EHang Holdings stock.

EHang Holdings Limited (EH) is a trailblazer in the Urban Air Mobility (UAM) sector, spearheading the development of Autonomous Aerial Vehicle (AAV) technology. Established in April 2014 and headquartered in Guangzhou, China, EHang aims to revolutionize air transportation by making it safe, autonomous, and eco-friendly. The company has a global presence with branches in Beijing, Shanghai, and San Francisco, and employs around 200 dedicated professionals.

EHang's core products include the EH216 series, which consists of the EH216-S for passenger transportation, the EH216-F for high-rise firefighting, and the EH216-L for aerial logistics. These electric vertical takeoff and landing (eVTOL) aircraft are designed to offer scalable solutions for air mobility, smart city management, and aerial media applications. EHang's EH216-S has achieved groundbreaking milestones by obtaining the world's first Type Certificate (TC), Production Certificate (PC), and Standard Airworthiness Certificate (AC) from the Civil Aviation Administration of China (CAAC).

In recent developments, EHang has expanded its operations globally, marking significant achievements in the UAE, Japan, Spain, and Costa Rica. The company has forged strategic partnerships with local governments and organizations to develop eVTOL infrastructure and commercial UAM routes. In China, EHang has collaborated with various municipal governments to foster the growth of the low-altitude economy, which is poised to become a key national strategic emerging industry. Noteworthy partnerships include agreements with the Hefei Municipal Government, Wuxi local government, and Guangzhou Automobile Group.

Financially, EHang has shown robust growth, with a significant increase in revenues driven by higher sales volumes of its EH216 series. The company reported total revenues of RMB56.6 million for Q4 2023, a year-over-year increase of 260.9%. Despite facing net losses, EHang has improved its financial position through strategic investments and favorable government policies aimed at promoting the low-altitude economy.

Looking ahead, EHang is focused on mass-producing its EH216-S and expanding its commercial operations. The company is also working on developing ultra-fast charging battery solutions for its eVTOL aircraft, in collaboration with Guangzhou Greater Bay Technology Co., Ltd. With a vision to make autonomous aerial vehicles a common part of everyday life, EHang continues to explore the skies, pushing the boundaries of urban air mobility.

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EHang Holdings has partnered with Greater Bay Technology to develop the world's first Ultra-Fast/eXtreme Fast Charging batteries for eVTOL aircraft. The collaboration aims to enhance the performance, safety, and efficiency of EHang's eVTOL products, enabling fast charging in just five to ten minutes and offering high energy density and long cycle life. This strategic partnership will drive innovation in the UAM sector and establish the foundation for future commercial operations in urban low-altitude mobility.

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EHang Holdings partners with Multi Level Group and the Abu Dhabi Investment Office to drive eVTOL development in the UAE and beyond. This collaboration aims to transform the way people and goods are transported by promoting business activities, manufacturing, flight operations, and research and development.

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EHang Holdings files its annual report on Form 20-F for Fiscal Year 2023, showcasing its financial performance and key highlights.
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EHang Holdings appoints Mr. Zhao Wang as Co-Chief Operating Officer to lead business operations and commercial growth after securing world's first type certificate for passenger-carrying pilotless eVTOL aircraft.
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EHang Holdings (EH) announces the successful acquisition of the Production Certificate for its EH216-S eVTOL aircraft from the CAAC, marking a significant milestone in the global eVTOL industry. The PC, along with the TC and AC previously obtained, paves the way for mass production and commercial operations. The certification process involved a rigorous assessment of EHang's production capabilities and quality management system, ensuring compliance with airworthiness regulatory requirements.
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EHang Holdings announced the establishment of Japan's first Urban Air Mobility (UAM) Center in Tsukuba City, Ibaraki Prefecture, in partnership with AirX Inc. This state-of-the-art facility will serve as a demonstration flight site, ground infrastructure, and maintenance base for EHang's pilotless electric vertical takeoff and landing (eVTOL) aircraft, including the EH216-S model. The UAM Center is a significant milestone in Japan's advanced air mobility industry, showcasing EHang's commitment to expanding its global presence and promoting safe, autonomous, and environmentally friendly UAM solutions.
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EHang Holdings announced impressive financial growth with a 260.9% YoY increase in quarterly revenues, 97.8% QoQ growth, and a 165.0% rise in fiscal year revenues. The company achieved positive operating cash flow and maintained a high gross margin. EHang also obtained the world's first pilotless passenger-carrying eVTOL type and airworthiness certificates, expanded to the UAE market, and partnered with GAC Group for future production.
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EHang Holdings Limited (EH) will release its unaudited financial results for Q4 and fiscal year 2023 on March 15, 2024. The earnings conference call will be held at 8:00 AM U.S. Eastern Time. Participants can join via online registration. Webcast will be available on the Investor Relations website.
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EHang Holdings Limited announced a suggested retail price of US$410,000 for its EH216-S pilotless passenger-carrying electric vertical takeoff and landing aircraft in global markets outside China, effective from April 1, 2024. The EH216-S is distinguished by its autonomous flight capabilities, fully electric propulsion, comprehensive redundancy safety features, and intelligent command-and-control systems. It has secured the world's first Type Certificate and Standard Airworthiness Certificate for pilotless passenger-carrying eVTOL aircraft from the Civil Aviation Administration of China. EHang aims to meet the escalating demands of international markets and drive widespread adoption of this innovative aircraft by offering a competitive price globally.
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EHang Holdings Limited (EH) has signed a strategic cooperation agreement with Guangzhou Airport Economic Zone, Guangzhou Development District Administrative Committee, and Guangzhou Automobile Group Co., Ltd. to jointly create a robust low-altitude industry ecosystem, contributing to Guangzhou's leadership in the trillion-dollar low-altitude sector. The agreement includes joint efforts in research and development, production, sales, and other areas to strengthen the low-altitude market. This collaboration aims to accelerate the layout of the low-altitude industry in Guangzhou and solidify the high-quality development of the low-altitude economy in the Greater Bay Area.
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FAQ

What is EHang Holdings Limited?

EHang Holdings Limited is a pioneering company specializing in Autonomous Aerial Vehicle (AAV) technology and Urban Air Mobility (UAM).

Where is EHang headquartered?

EHang is headquartered in Guangzhou, China, with additional branches in Beijing, Shanghai, and San Francisco.

What are EHang's core products?

EHang's core products include the EH216 series of electric vertical takeoff and landing (eVTOL) aircraft, which are used for passenger transportation, firefighting, and logistics.

What recent achievements has EHang made?

EHang has obtained the world's first Type Certificate, Production Certificate, and Standard Airworthiness Certificate for its EH216-S from the CAAC.

Who are EHang's strategic partners?

EHang has partnered with various municipal governments in China and international organizations in the UAE, Japan, and Spain to expand its UAM operations.

What is the financial outlook for EHang?

EHang has shown robust financial growth, reporting significant increases in revenues driven by higher sales volumes of its EH216 series.

What are EHang's future plans?

EHang aims to mass-produce its EH216-S, expand commercial operations, and develop ultra-fast charging battery solutions for its eVTOL aircraft.

How does EHang contribute to the low-altitude economy?

EHang collaborates with local governments to develop low-altitude economy infrastructure, fostering the growth of this emerging industry in China.

What certifications has the EH216-S obtained?

The EH216-S has obtained the world's first Type Certificate, Production Certificate, and Standard Airworthiness Certificate from the CAAC.

How does EHang ensure the safety of its eVTOL aircraft?

EHang has established a comprehensive mass production quality management system that ensures each aircraft meets stringent airworthiness and safety standards.

EHang Holdings Limited

Nasdaq:EH

EH Rankings

EH Stock Data

763.30M
88.09M
0.76%
25.87%
11.23%
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