GUANGZHOU, China, Nov. 15, 2024 (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 has signed a cooperation framework agreement (“Agreement”) with Zhejiang Sunriver Culture and Tourism Co., Ltd. (“Sunriver”, 600576.SH), a China A-share listed company, to explore an industrial model that integrates low-altitude economy with cultural tourism in China. Under the Agreement, Sunriv ...

GUANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a Chinese leading new energy vehicle power systems provider, and a strategic institutional investor from the Middle East. Both investors agree to a 180-day lock-up period. The s ...

GUANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a significant breakthrough in the development of high-energy solid-state battery technology, in collaboration with the Low-Altitude Economy Battery Research Institute of the Hefei International Advanced Technology Application Promotion Center and Shenzhen Inx Energy Technology Co., Ltd. (“Inx”). Equippe ...

GUANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced the launch of a UAM Hub (the “Hub”) at Luogang Central Park in Hefei, Anhui Province, marking the second vertiport established in Luogang Park following the opening of the Urban Air Mobility Operations Center in May, which will serve as a key infrastructure for the future operation of EH216-S pilotless ...

GUANGZHOU, China, Nov. 11, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a long-term strategic partnership and technology development cooperation with Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a pioneer in new energy vehicle (“NEV”) power systems, to co-develop high-performance electric motors and motor controllers for EHang’s suite of electric vertical take-o ...

GUANGZHOU, China, Nov. 08, 2024 (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 its EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft completed debut passenger flights in Thailand at the renowned Queen Sirikit National Convention Center in central Bangkok. The flights mark a new milestone for expanding EHang’s eVTOL flight footprint to the 18th country ...

I am initiating coverage on EHang Holdings (NASDAQ: EH ) with a "Buy" rating and an initial investment horizon of 24 months. I believe that EHang is attractively valued considering the company's growth potential and industry tailwinds. This initiating coverage discusses Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opi ...

GUANGZHOU, China, Oct. 30, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (Nasdaq: EH), the world's leading Urban Air Mobility ("UAM") technology platform company, today announced it has entered into a strategic partnership with the Civil Aviation Flight University of China (the "CAFUC"). Building upon the CAFUC's extensive expertise in civil aviation education, research, and talent development, the two parties will collaborate on cultivating skilled personnel, including operator ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of US$19.71, indicating a potential upside of 66% from the current price of US$11.91 [1][4]. Core Insights - The company is positioned as a key beneficiary in the rapidly developing low-altitude economy, particularly with the commercialization of eVTOL (Electric Vertical Takeoff and Landing) aircraft. The EH216-S model has received all necessary certifications, marking a significant milestone for commercial operations [3][11]. - The report forecasts strong sales growth for the EH216-S, with projected deliveries of 190, 400, and 700 units from 2024 to 2026, respectively, leading to a compound annual growth rate (CAGR) of 138% [2][13]. - Financial projections indicate substantial revenue growth, with total revenues expected to reach RMB 4.38 billion, RMB 9.04 billion, and RMB 15.67 billion for 2024, 2025, and 2026, respectively, reflecting year-on-year growth rates of 272.6%, 106.5%, and 73.4% [6][13]. Summary by Sections Investment Overview - The report highlights the acceleration of eVTOL commercialization as a turning point for the low-altitude economy, with the company being a leading player in this sector. The EH216-S has become the first eVTOL to receive the necessary certifications for commercial operation [11][14]. Product Strength and Market Demand - The EH216-S is noted for its competitive advantages, including a compact design, cost-effective operation due to its unmanned nature, and strong market demand, with over 1,100 orders already secured [12][34]. - The report emphasizes the expected demand for eVTOLs in various applications, particularly in tourism and urban air mobility, with a long-term forecast suggesting a domestic demand exceeding 100,000 units [18][21]. Financial Analysis - The financial outlook includes a narrowing of net losses, with projections of RMB 2.03 billion and RMB 1.26 billion for 2024 and 2025, respectively, and a return to profitability with a net profit of RMB 1.42 billion by 2026 [6][13]. - The valuation is based on a price-to-sales (P/S) ratio of 10 times the 2025 forecast, leading to the target price of US$19.71 [4][13]. Government Support and Market Environment - The report notes significant government support for the low-altitude economy, which is expected to create a favorable environment for the company's growth and the broader eVTOL market [23][24]. - The EH216-S's early certification provides a competitive edge, as it is currently the only eVTOL capable of commercial operation, while competitors are still in the certification process [25][27].

GUANGZHOU, China, Sept. 24, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a major milestone with the successful completion of the first flight of its EH216-S pilotless eVTOL in Brazil. EH216-S completed the first flight in Brazil EHang's first trial flight in Brazil took place in Quadra, located in the São Paulo region, in partnership with its local operator, Gohobby Future ...