Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In EHang (EH) To Contact Him Directly To Discuss Their Options If you purchased or acquired stock in EHang and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognized st ...

综合智利媒体报道，中企亿航智能计划在10月份圣地亚哥无人机展上进行载人无 人机飞行首秀，目前正在申请飞行许可。据悉首秀机型可载2人，飞行时速130公里/小 时，最大航程35公里。 （原标题：亿航智能拟在智利进行载人无人机飞行首秀） ...

Market Performance - On September 24, all three major U.S. stock indices opened high but closed lower, with the Dow Jones down 0.37% at 46,121.28 points, the S&P 500 down 0.28% at 6,637.97 points, and the Nasdaq down 0.33% at 22,497.86 points [2] Chinese Stocks - The Nasdaq China Golden Dragon Index surged by 2.83%, with notable gains in stocks such as Daqo New Energy up 14.26%, Century Internet up over 10%, Alibaba and Global Data up over 8%, and others like EHang and Baidu also showing significant increases [4] Commodity Prices - Gold prices fell slightly, with spot gold down 0.74% at $3,735.805 per ounce and COMEX gold futures down 1.24% at $3,768.5 per ounce [5][6] - In contrast, oil prices increased, with light crude oil futures for November delivery rising by $1.58 to $64.99 per barrel, a gain of 2.49%, and Brent crude oil futures up $1.68 to $69.31 per barrel, a rise of 2.48% [6] Trade Policy - The Trump administration announced the implementation of a trade agreement with the EU, confirming a 15% tariff on EU-imported cars and automotive products effective from August 1 [7]

Core Viewpoint - The article discusses the emerging market for flying cars, particularly focusing on the advancements made by Chinese companies in the eVTOL (electric Vertical Take-Off and Landing) sector, and their potential to dominate the Middle Eastern and Southeast Asian markets due to technological and cost advantages [2][9][10]. Group 1: Market Demand and Opportunities - The UAE faces severe traffic congestion, with 86% of respondents reporting frequent traffic jams, prompting interest in flying cars as a solution [4][5]. - The UAE aims to reduce reliance on fossil fuels and enhance green technology, making flying cars an attractive option for efficient and low-carbon transportation [5][6]. - Chinese eVTOL companies have conducted successful test flights in the UAE, with significant orders being placed, such as Autocraft's order for 350 eVTOLs worth $1 billion [6][8]. Group 2: Competitive Landscape - The global low-altitude economy is projected to exceed $1.5 trillion by 2040, with over 160 companies competing in the flying car market, including established aerospace and automotive manufacturers [9][10]. - Chinese companies are gaining traction in the market due to their technological advancements and competitive pricing, with eVTOLs priced significantly lower than their foreign counterparts [12][10]. Group 3: Advantages of Chinese Companies - Chinese eVTOLs are perceived as safer than helicopters, with multiple power units ensuring operational safety even if one fails [10][12]. - The cost advantage of Chinese eVTOLs is substantial, with prices around $1 million compared to $500,000 to $1 million for foreign models, attributed to a complete domestic supply chain and lower labor costs [12][10]. Group 4: Regulatory Challenges and Progress - Chinese eVTOL manufacturers must obtain three certifications (TC, PC, AC) for market entry, with some companies like EHang already achieving this milestone [14][13]. - The acceptance of Chinese standards in the Middle East and Southeast Asia is higher, facilitating smoother regulatory processes compared to Europe, where independent certification is often required [15][16]. Group 5: Future Prospects - The Chinese government is actively promoting the low-altitude economy, indicating strong support for the development of flying cars [17][18]. - Despite current achievements, challenges remain in achieving large-scale operations and addressing safety and regulatory requirements in various markets [13][16].

Core Viewpoint - The eVTOL (electric vertical takeoff and landing) industry is poised for growth in low-altitude tourism, with plans to implement eVTOL projects in 100 scenic spots over the next three years, driven by companies like EHang Intelligent [1][4]. Group 1: Industry Trends - eVTOL technology is advancing, with a focus on low-altitude tourism as a key commercial application, while emergency rescue operations may achieve commercialization sooner than urban transportation [1][4]. - The choice of "unmanned" technology by EHang Intelligent provides a competitive edge, allowing for safer and more efficient operations compared to traditional manned aircraft [2][3]. Group 2: Operational Challenges - Despite technological advancements, large-scale commercial operations of eVTOLs face challenges such as the need for low-altitude infrastructure, regulatory frameworks, and public acceptance [1][6]. - The establishment of comprehensive airworthiness standards for eVTOLs is still in progress, with significant variations across countries affecting international certification [2][4]. Group 3: Market Position and Strategy - EHang Intelligent has accumulated a significant number of orders, with over a thousand new purchase and pre-order agreements since obtaining airworthiness certification [4]. - The company aims to leverage low-altitude sightseeing as an entry point to gather operational data and experience, which will support future applications in urban air mobility [5][6]. Group 4: Infrastructure and Public Awareness - Development of low-altitude infrastructure is critical, including ground facilities and digital management networks to ensure safe operations [6]. - There is a call for enhanced training and public education regarding low-altitude economic applications to foster acceptance and understanding of eVTOL technology [6].

Core Viewpoint - The eVTOL (electric vertical takeoff and landing) industry is advancing in China, with plans to implement low-altitude tourism projects in 100 scenic areas over the next three years, driven by companies like EHang [1][7]. Group 1: Industry Trends - Low-altitude tourism is emerging as a key commercial application for eVTOL, with a focus on government and scenic area operators as primary clients [1][7]. - The emergency rescue sector is expected to achieve commercial viability sooner than urban transportation [1]. - EHang's COO emphasizes the importance of developing low-altitude infrastructure and regulatory frameworks to support large-scale commercial operations [1][8]. Group 2: Technological Differentiation - EHang has chosen an "unmanned" technology route, which is believed to provide a competitive edge over "manned" systems [2][5]. - The unmanned approach reduces the risk of human error and allows for safer and more efficient management of flight operations [3][5]. - EHang's EH216 series represents a significant technological advancement, requiring the establishment of new safety standards and operational frameworks [3][5]. Group 3: Market Position and Orders - Since obtaining airworthiness certification, EHang has received over 1,000 domestic orders and pre-orders, primarily from the ToB and ToG sectors [7]. - The cost advantages of unmanned aerial vehicles over traditional helicopters make them suitable for low-altitude tourism [7]. - EHang plans to leverage tourism as an entry point to gather operational data and experience for future urban air mobility applications [7]. Group 4: Infrastructure and Regulatory Needs - The development of low-altitude infrastructure, including takeoff and landing sites, charging stations, and digital management networks, is crucial for the industry's growth [8]. - Regulatory frameworks for airspace management and low-altitude economic legislation need to be refined to facilitate industry expansion [8]. - There is a call for enhanced talent development and public awareness regarding low-altitude economic applications [8]. Group 5: Future Outlook - EVTOLs are expected to become an integral part of daily transportation, akin to subways and buses, although widespread adoption will take time [9]. - The synergy of technology, infrastructure, and policy advancements is accelerating the transition of low-altitude economic concepts into reality [9].

Group 1 - The report highlights a transition in the market towards a震荡上行 phase, with a total capital supply of 137.2 billion and a net inflow of 59.8 billion into the market [3][28] - The report indicates that the issuance of equity funds has slightly increased, with the new issuance of equity public funds rising to 428.54 million shares, a change of +2.24% compared to the previous period [28] - The report notes that the net reduction in industrial capital has narrowed, indicating a potential shift in market sentiment [28] Group 2 - The report discusses the performance of the electronics industry, specifically focusing on the company 甬矽电子, which achieved a revenue of 2.01 billion, a year-on-year growth of 23.37%, and a net profit of 30.32 million, a year-on-year growth of 150.45% [11] - The report emphasizes the recovery of the semiconductor industry, driven by the global consumer market and the emergence of AI applications, which has positively impacted the company's revenue [11] - The report mentions that the company has maintained high R&D investment, with 26 new invention patents filed in the first half of 2025, ensuring its competitive edge in advanced packaging technologies [11] Group 3 - The report highlights the performance of the healthcare sector, specifically 华东医药, which reported a revenue of 21.68 billion, a year-on-year increase of 3.39%, and a net profit of 1.81 billion, a year-on-year increase of 7.01% [18] - The report indicates that the pharmaceutical industrial segment has shown strong growth, with a revenue increase of 9.24% in the first half of 2025 [18] - The report notes that the company is set to launch a new innovative drug for ovarian cancer treatment in Q4 2025, which is expected to contribute to future revenue growth [18] Group 4 - The report discusses the coal power sector, specifically浙能电力, which reported a revenue of 35.47 billion, a year-on-year decrease of 11.68%, and a net profit of 3.51 billion, a year-on-year decrease of 10.57% [19] - The report highlights that the decline in coal prices has significantly improved the company's cost structure, with the average coal price dropping to approximately 676 yuan per ton [19] - The report projects that the company's net profit will increase in the coming years, with estimates of 7.93 billion, 8.19 billion, and 8.50 billion for 2025-2027, reflecting a positive outlook for the company [19]

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [4]. Core Views - The company is progressing in commercialization, with the new model VT35 expected to be launched in September. The second quarter of 2025 saw revenue of 150 million yuan, a year-on-year increase of 44.2%, and an adjusted net profit of 9.4 million yuan, up 719.9% year-on-year [1][2]. - The company has delivered 68 units of the EH216 series to 13 enterprise customers in China and Japan, with over 150 new orders received in the second quarter, indicating enhanced market penetration [2]. - The company is focusing on expanding its global footprint, having completed flights in Mexico, Indonesia, and the Dominican Republic, bringing its operational reach to 20 countries [3]. Business Progress - The company has initiated commercial trial operations for the EH216-S in Guangzhou and Hefei, following the acquisition of OC certification, laying the groundwork for public commercial services expected to launch within the year [2]. - Strategic partnerships have been established, including collaboration with Guoxuan High-Tech for high-energy density battery systems and with Minth Group for lightweight fuselage structures and smart cockpit solutions [2]. - The company has adjusted its revenue guidance for 2025 to approximately 500 million yuan, reflecting a strategic focus on eVTOL commercialization and operational demonstration models [3]. Future Outlook - Revenue projections for 2025-2027 are set at 500 million, 750 million, and 1.35 billion yuan respectively, with a focus on the delivery rhythm and commercialization efforts [3].

Core Viewpoint - In Q2 2025, EHang Intelligent achieved revenue of 147 million yuan, representing a year-on-year increase of 44% [2][3][10]. Financial Performance - In Q2 2025, the total revenue was 147 million yuan, up 44.2% year-on-year and 464.0% quarter-on-quarter. The net profit attributable to shareholders was -80.79 million yuan, compared to -71.54 million yuan in the same period last year [3][11]. - The adjusted net profit (excluding stock incentive expenses) for Q2 2025 was 9.65 million yuan, compared to 1.25 million yuan in the same period last year [3][11]. - The gross margin for Q2 2025 was 62.6%, with a year-on-year increase of 0.2 percentage points and a quarter-on-quarter increase of 0.1 percentage points [5][21]. Operational Milestones - EHang received the first batch of operational certificates (OC) for manned civil unmanned aerial vehicles from the Civil Aviation Administration of China (CAAC) on March 28, 2025, marking the official start of commercial operations in the low-altitude economy [6][34]. - The company has over 1,300 new purchase orders and pre-orders from Q3 2023 to June 2025, with more than 150 new orders for the EH216 series received in Q2 2025 [7][26]. Product Development and Market Expansion - EHang's EH216 series aircraft delivered 68 units in Q2 2025, representing a year-on-year increase of 38.8% and a quarter-on-quarter increase of 518.2% [3][11]. - The company has expanded its global flight operations to 21 countries, with successful test flights in Mexico, Indonesia, the Dominican Republic, and Africa [31][32]. Strategic Partnerships - EHang announced a strategic partnership with Guoxuan High-Tech in June 2025 to enhance the power system of the EH216 series [45]. - In July 2025, EHang entered into a strategic cooperation with Minth Group to develop high-safety fuselage systems for eVTOL aircraft [46]. Future Product Development - The next-generation VT35 eVTOL is undergoing internal testing and is expected to be officially launched in September 2025. The project will be supported by a total investment of approximately 1 billion yuan [49][50].

Core Viewpoint - The 2025 36Kr Industry Future Conference, co-hosted with the Ministry of Commerce, focuses on key sectors such as artificial intelligence, low-altitude economy, advanced manufacturing, new energy, and large consumption, aiming to discuss development paths and industry future [1] Group 1: Industry Overview - The conference emphasizes the importance of collaboration among government, capital, and industry to address challenges in the low-altitude economy [1] - The low-altitude economy has been recognized in national strategic reports, indicating its growing significance [3] - The industry is transitioning from niche innovation to a more widely recognized economic model, with a focus on public understanding and acceptance [7] Group 2: Company Insights - EHang is a pioneer in the eVTOL sector, with its EH216-S being the only eVTOL product globally with all necessary certifications, aiming to transform urban air mobility [4] - PeakFly has achieved significant milestones in eVTOL development, including successful test flights and regulatory approvals, focusing on logistics and human mobility [5][8] - Zero Gravity Aircraft is advancing its eVTOL products and aims to establish a comprehensive supply chain through market activation [9][17] - Volant is developing high-capacity eVTOLs and has recently completed its first flight, marking a significant step in its engineering development [6] Group 3: Investment Landscape - Investment in the low-altitude economy has surged, with a 50% increase in financing activities compared to the previous year, totaling over 7.5 billion RMB [12] - Investment trends show a shift towards early-stage funding and a focus on core technologies and key components within the industry [12][14] - The long-term potential of the low-altitude economy is emphasized, with expectations for significant growth over the next decade [13] Group 4: Future Outlook - The low-altitude economy is expected to become a major contributor to economic growth, with a focus on creating a safe, efficient, and environmentally friendly transportation network [15] - Companies are actively working on establishing operational ecosystems and addressing regulatory challenges to facilitate market entry and growth [18] - The industry anticipates a shift in consumer behavior towards embracing low-altitude transportation solutions, which will be crucial for its maturation [15]