GUANGZHOU, China, May 31, 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 signed a memorandum of understanding (“MoU”) with Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (“Xishan Tourism”) to jointly develop the low-altitude economy in Taiyuan City, Shanxi Province, China. Concurrently with the signing of the MoU, Xishan Tourism has placed a purcha ...

EHang Holdings Limited (NASDAQ:EH) Q1 2024 Earnings Conference Call May 20, 2024 8:00 AM ET Company Participants Anne Ji - Senior Director, Investor Relations Huazhi Hu - Founder, Chairman & Chief Executive Officer Zhao Wang - Co-Chief Operating Officer Conor Yang - Chief Financial Officer & Director of the Board Conference Call Participants Ting Song - Goldman Sachs Cindy Wang - Morgan Stanley Yu Chen - Haitong Securities Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to EHang' ...

Quarterly Revenues Increased by 178.0% YoYAchieved Positive Operating Cash Flow for the Second Consecutive QuarterSecured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-SGrowing Orders and Deliveries Boosted by Low-Altitude Economy Industry in ChinaPartnered with GBT for Ultra-Fast/eXtreme Fast Charging BatteriesPartnered with GAC to Strengthen Capability for Future Production Expanded International Partnership and Demo Flights in UAE, Spain, Costa Rica and Japan GUANGZHOU, Chi ...

Quarterly Revenues Increased by 178.0% YoYAchieved Positive Operating Cash Flow for the Second Consecutive QuarterSecured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-SGrowing Orders and Deliveries Boosted by Low-Altitude Economy Industry in ChinaPartnered with GBT for Ultra-Fast/eXtreme Fast Charging BatteriesPartnered with GAC to Strengthen Capability for Future Production Expanded International Partnership and Demo Flights in UAE, Spain, Costa Rica and Japan GUANGZHOU, Chi ...

Investment Rating - The report assigns a "Buy" rating to the company, marking the first coverage [2] Core Views - The company is a global leader in the eVTOL industry, with significant first-mover advantages in urban air mobility [3] - The company's EH216-S model has obtained the "three major certifications" (TC, AC, PC), positioning it as a pioneer in the industrialization of eVTOL [10] - The company's revenue is expected to grow significantly, with 2024-2026 revenue projections of 4.0/7.6/10.8 billion yuan, and Non-GAAP net profit of -0.5/0.8/1.8 billion yuan [7] Financial Performance and Valuation - Revenue for 2023 was 117 million yuan, a 165% YoY increase, with a net loss of 302 million yuan [1] - Adjusted net profit for 2023 was -138.2 million yuan, with an adjusted net profit margin of -118% [1] - The company's P/S ratio is projected to decrease from 19.9x in 2024 to 7.3x in 2026, while the adjusted P/E ratio is expected to improve from -171.2x in 2024 to 42.9x in 2026 [1] Industry Overview - The eVTOL market is expected to grow from $1.2 billion in 2023 to $23.4 billion by 2030, with a CAGR of 52% [4] - eVTOLs are expected to dominate low-altitude urban transportation due to their intelligence, safety, economic efficiency, and environmental friendliness [24] - The industry is supported by favorable policies, with China's first unmanned aerial vehicle regulation taking effect in 2024 [30] Company Highlights - The company has completed approximately 47,000 safe test flights globally as of March 2024 [6] - The company has secured strategic partnerships with local governments and enterprises, including a 100-unit EH216-S order from Wuxi [46] - The company has a strong order backlog, with significant pre-orders from international clients such as Japan's AirX and Indonesia's Prestige Aviation [47] Technological Advantages - The company adheres to three core technological principles: redundancy, autonomous flying, and cluster management [43] - The EH216-S model is equipped with a distributed electric propulsion (DEP) system and can safely land even if three propellers fail [43] - The company's command and dispatch system can manage up to 3,500 autonomous aircraft simultaneously [43] Market Expansion and Partnerships - The company is actively expanding its overseas market, with operations in 15 countries across Asia, Europe, and the Americas [48] - Strategic partnerships with battery manufacturers like Guoxuan High-Tech and automotive companies like GAC Group are expected to enhance the company's supply chain and market reach [45] - The company has established multiple command centers in China to support its smart city management and urban air mobility operations [43]

GUANGZHOU, China, May 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 that it will release its unaudited financial results for the first quarter ended March 31, 2024 on Monday, May 20, 2024, before the U.S. market opens. EHang's management team will host an earnings conference call at 8:00 AM on Monday, May 20, 2024, U.S. Eastern Time (8:00 PM on Monday, May 20, 2024, Beiji ...

GUANGZHOU, China, May 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 that it will release its unaudited financial results for the first quarter ended March 31, 2024 on Monday, May 20, 2024, before the U.S. market opens. EHang’s management team will host an earnings conference call at 8:00 AM on Monday, May 20, 2024, U.S. Eastern Time (8:00 PM on Monday, May 20, 2024, Beij ...

GUANGZHOU, China, May 06, 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 pilotless electric vertical take-off and landing ("eVTOL") aircraft EH216-S has set a new milestone with the successful completion of the first passenger-carrying demo flight in Abu Dhabi, marking the first of its kind in the United Arab Emirates ("UAE") and Middle East. Additionally, the EH216-F ...

GUANGZHOU, China, April 28, 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 it has established a strategic partnership with ultra-fast charging-focused Guangzhou Greater Bay Technology Co., Ltd. ("Greater Bay Technology" or "GBT") at the 16th Chongqing International Battery Technology Exchange Conference/Exhibition for the research and development of the world's first Ultra-Fast ...

Collaboration with global eVTOL player EHang announced during Abu Dhabi's inaugural DRIFTx eventAgreement aims to promote eVTOLs to transform the way people and goods are transportedEHang looking to promote business activities with local partners including manufacturing, flight operations, research and development, training and MRO ABU DHABI, United Arab Emirates, April 26, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") ...