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 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company reported a significant revenue increase of 920% year-on-year and 65% quarter-on-quarter for Q2 2024, reaching 102 million yuan, despite a net loss of 71.6 million yuan [1] - The company achieved a gross margin of 62.4% in Q2 2024, an increase of 2.2 percentage points year-on-year and 0.5 percentage points quarter-on-quarter [1] - The company expects Q3 2024 revenue to be approximately 123 million yuan, representing a year-on-year growth of 329.8% and a quarter-on-quarter growth of 20.6% [1] Summary by Sections Investment Events - The company delivered 49 units of the EH216 in Q2 2024, marking an 880% increase year-on-year and an 88% increase quarter-on-quarter [2] - The company received a production license from the Civil Aviation Administration of China (CAAC) in April 2024, leading to increased orders and delivery demands [2] - The company is expected to obtain the first operational certificate (OC) by the end of 2024, which would be a global first for its unmanned aerial vehicle operations [3] Strategic Partnerships - The company signed a strategic cooperation memorandum with China Southern Airlines to develop low-altitude tourism services [3] - The company successfully completed its first manned flight of the EH216-S in Abu Dhabi and conducted its first unmanned aerial taxi flight in Mecca, Saudi Arabia [3] Financial Forecast and Valuation - The report maintains its earnings forecast, projecting revenues of 447 million yuan, 904 million yuan, and 1.35 billion yuan for 2024, 2025, and 2026, respectively [3] - The price-to-sales (P/S) ratios are projected to be 12, 6, and 4 for the years 2024, 2025, and 2026 [3]

GUANGZHOU, China, Sept. 16, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, announced that its EH216-S pilotless electric Vertical Take-Off and Landing (“eVTOL”) aircraft system has obtained an Experimental Flight Authorization Certificate (“CAVE”) from Brazil’s National Civil Aviation Agency (“ANAC”). The Company plans to conduct test and trial flights in Brazil to demonstrate the EH216-S ai ...

GUANGZHOU, China, Sept. 04, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today strongly refuted recent unfounded rumors circulating in retail investor communities. These baseless allegations have no foundation in truth and have unfairly impacted the Company's stock price. The rumor falsely claims that EHang is related to an investigation on Chris Hu by the U.S. government. EHang unequivoca ...