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 (Nasdaq: EH) regularly publishes news and updates that focus on its activities in advanced air mobility and urban air mobility. Company announcements cover topics such as unaudited quarterly financial results, sales and deliveries of EH216 series eVTOL aircraft, development and launch of new models like the VT35, and progress toward commercial operations in China and overseas.
News releases also describe EHang’s trial commercial operations and pilot projects with its pilotless, human-carrying EH216-S aircraft in multiple cities, as well as initiatives such as regulatory sandbox programs for eVTOL operations. The company reports on its collaborations with civil aviation authorities, ministries of transport and local partners in regions including Asia, the Middle East and Africa, where it conducts human-carrying demonstration flights and trial air taxi routes.
Investors and observers following EH news can read about EHang’s participation in low-altitude economy and smart transportation initiatives, its partnerships with local governments, infrastructure companies and technology suppliers, and its work with universities and research institutions on low-altitude aviation technology. The news flow also highlights regulatory milestones, such as type, production and airworthiness certifications, and Air Operator Certificates associated with the EH216-S, as well as airworthiness progress for the VT35.
The EHang news page on Stock Titan aggregates these company-issued press releases and related coverage in one place. Readers can use it to monitor updates on aircraft deliveries, new orders, trial operations, international demonstration flights, product launches and strategic cooperation agreements that shape EHang’s role in the emerging advanced air mobility sector.
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.
EHang Holdings (Nasdaq: EH) has partnered with KC Smart Mobility, a subsidiary of Kwoon Chung Bus Holdings (KCBH), to advance the deployment of EH216-S pilotless eVTOL in Hong Kong, Macau, and select cities in China. KC Smart Mobility plans to purchase 30 units of EH216-S from EHang. This collaboration aims to contribute to Hong Kong's low-altitude economy development and set a benchmark for UAM operation in the region.
The partnership aligns with Hong Kong's national strategy for low-altitude economy development, with government officials expressing commitment to fostering innovation in this sector. KCBH, a major transportation company in Hong Kong, sees this as an opportunity to extend its services from ground to air transport, focusing on aerial sightseeing and air mobility applications.
EHang Holdings (Nasdaq: EH) has entered into a strategic partnership with China Southern Airlines General Aviation Company (CSGAC) to advance pilotless eVTOL operations for the low-altitude economy. The collaboration involves the development of demonstration sites for the EH216-S eVTOL aircraft at Zhuhai Jiuzhou Airport and Zhuhai Chimelong Ocean Kingdom. The partnership aims to launch routine low-altitude flight services and explore diverse use cases including inter-island cargo transport, emergency response, and medical rescue. The agreement also includes operational team training, vertiport infrastructure construction, flight service platform development, and maintenance standard establishment. This initiative is expected to drive growth in the general aviation industry and enhance the low-altitude economy in the Guangdong-Hong Kong-Macau Greater Bay Area.
EHang announced the delivery of 27 EH216-S pilotless aircraft to Wencheng County, Zhejiang. The company received full payment for an initial batch of 30 units. The EH216-S completed its inaugural passenger flight on June 22, 2024, at the Baizhangji Fall & Feiyun Lake Scenic Resort. This initiative is part of Wencheng's low-altitude tourism and economy development.
EHang and Wencheng County plan to establish a comprehensive urban air mobility (UAM) infrastructure and explore commercial operations in tourism, transportation, logistics, and emergency services. The collaboration aims to make Wencheng a model for low-altitude economic growth, contributing to broader regional development goals.
EHang's COO, Zhao Wang, highlighted the market's strong response, citing increased global orders following recent certifications. The Wencheng project is expected to set a benchmark for UAM operations in East China.
FAQ
What is the current stock price of Ehang Holdings (EH)?
What is the market cap of Ehang Holdings (EH)?
