GUANGZHOU, China, Aug. 12, 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 second quarter ended June 30, 2024 on Thursday, August 22, 2024, before the U.S. market opens. EHang’s management team will host an earnings conference call at 8:00 AM on Thursday, August 22, 2024, U.S. Eastern Time (8:00 PM on Thursday, Augus ...

Investment Rating - The report does not provide a specific investment rating for EHang Intelligent (EH.O) [1] Core Insights - EHang Intelligent is a leading eVTOL (electric vertical takeoff and landing) manufacturer, having obtained all three necessary certifications (TC, AC, PC), which positions it to accelerate commercialization [2][8] - The flagship product EH216-S has driven significant revenue growth, with 2023 revenue reaching 105 million yuan, a 159% year-on-year increase, accounting for 89% of total revenue [1][18] - EHang has over 1,500 orders in hand and is actively building an ecosystem with upstream partners to enhance its aviation energy system [2][9] Summary by Sections Company Overview - EHang Intelligent focuses on urban air mobility, with its business covering air traffic, smart city management, and aerial media [10][12] - The company was established in 2014 and went public on NASDAQ in 2019, becoming the first listed company in the urban air mobility sector [10][11] eVTOL Industry - The eVTOL industry is seen as a crucial player in the low-altitude economy, with a market potential exceeding 1 trillion yuan [5] - EHang is the first eVTOL company globally to have all three certifications (TC, AC, PC), ahead of competitors by 2-3 years, and is expected to be the first to obtain operational certification [2][8] Financial Projections - Revenue projections for EHang are as follows: 394 million yuan in 2024, 807 million yuan in 2025, and 1.205 billion yuan in 2026, with net profits expected to turn positive in 2026 [3][4] - The company has shown a strong revenue growth trajectory, with a significant increase in gross margin from 58.46% in 2019 to 64.13% in 2023 [19][21] Product Highlights - The EH216-S is a fully autonomous eVTOL that has received all necessary certifications, making it suitable for various applications including passenger transport, aerial sightseeing, and logistics [14][18] - The product features a maximum takeoff weight of 620 kg, a top speed of 130 km/h, and a range of 30 km [14][18] Market Position and Strategy - EHang has established strong partnerships with companies like GAC Group and others in the energy system sector to enhance its technological capabilities [9][10] - The company is actively participating in the development of the low-altitude economy, which has been elevated to a national strategy in China [5][8]

Price pullbacks are healthy for the stock market, happening at a 15% correction every other year on average. The recent market correction offers flying car stocks to watch an opportunity for the big future play.Whether one calls them air taxis, eVTOLs or flying cars, electrified air transportation is a natural outgrowth of miniature quadcopter technology. Across many variations, their main advantage is to take off and land vertically in urban zones without producing enormous noise like helicopters.Not count ...

GUANGZHOU, China, July 29, 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 delivered the first batch of 10 units of EH216-S pilotless electric vertical takeoff and landing ("eVTOL") aircraft to Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. ("Xishan Tourism") in the second quarter of this year, and completed debut passenger-carrying flights of E ...

GUANGZHOU, China, July 29, 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 delivered the first batch of 10 units of EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft to Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (“Xishan Tourism”) in the second quarter of this year, and completed debut passenger-carrying flights of ...

Investment Rating - Strong Buy (First Coverage) with a target price of $20.9, compared to the current price of $12.30 [1] Core Views - The company is a leading eVTOL manufacturer in China with significant first-mover advantages, particularly with its flagship product EH216-S, which has obtained global first-mover certifications (TC, PC, AC) from the Civil Aviation Administration of China (CAAC) [1][13] - The eVTOL industry is entering a golden stage of rapid development, driven by policy support and the gradual opening of low-altitude airspace [1][7] - The company's revenue is expected to grow significantly, with projected revenues of RMB 385 million, RMB 637 million, and RMB 957 million for 2024, 2025, and 2026, respectively [1][8] Company Overview - Founded in 2014, the company has developed multiple eVTOL models, with EH216-S being its flagship product, featuring an eight-axis, sixteen-propeller distributed electric drive system [13][14] - The company has a strong R&D focus, with over 50% of its employees engaged in R&D activities [1][17] - Revenue in 2023 reached RMB 117 million, a 165% YoY increase, driven by the delivery of 52 EH216-S units, up from 21 units in 2022 [20][21] Industry Analysis - The eVTOL industry is supported by favorable policies, with low-altitude economy being designated as a strategic emerging industry in China [7][29] - eVTOLs offer significant advantages over traditional aircraft, including safety, efficiency, and cost-effectiveness, with domestic manufacturers leading global progress [7][24] - The industry is expected to see a "blossoming" phase starting in 2026, with multiple eVTOL models expected to receive TC certifications [7][39] Competitive Advantages - The company's EH216-S has a significant first-mover advantage, being the first eVTOL to obtain TC, PC, and AC certifications globally [1][43] - The company has established strategic partnerships with multiple local governments and enterprises, facilitating product promotion and market penetration [1][45] - The company's multi-rotor design, unmanned operation, and competitive pricing strategy give it a strong position in the urban short-to-medium distance air mobility market [1][44] Financial Projections - The company's revenue is expected to grow rapidly, driven by increased eVTOL deliveries, with projected revenues of RMB 385 million, RMB 637 million, and RMB 957 million for 2024, 2025, and 2026, respectively [1][8] - Gross margins are expected to remain stable at around 65%, supported by the company's leading position in the eVTOL market [48][49] - The company's valuation is based on a 15x PS multiple for 2025, resulting in a target price of $20.9 [8][50]

GUANGZHOU, China, July 22, 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 the Civil Aviation Administration of China ("CAAC") has formally accepted the Air Operator Certificate ("AOC" or "OC") applications submitted by Guangdong EHang General Aviation Co., Ltd. ("EHang General Aviation"), the Company's wholly-owned subsidiary specializing in UAM operation services, and He ...

Core Viewpoint - EHang Holdings Limited has received formal acceptance from the Civil Aviation Administration of China for its Air Operator Certificate applications, marking a significant step towards the commercial operation of pilotless passenger-carrying eVTOL aircraft [1][6]. Group 1: Regulatory Developments - The CAAC has accepted AOC applications from EHang General Aviation and Heyi Aviation, initiating the review process for pilotless passenger-carrying aerial vehicles [1]. - This acceptance is part of the world's first project for the OC of pilotless passenger-carrying eVTOL aircraft, which aims to establish a commercial operation standard system [2]. - The CAAC has formed a specialized review team to facilitate the subsequent review process for the applicants' business license and operational qualifications [1]. Group 2: Industry Standards and Collaboration - EHang is collaborating with the CAAC to develop operational standards for the EH216-S, which will serve as a reference for the regulatory system for pilotless passenger-carrying eVTOLs [3]. - A group standard titled "Technical Requirements for eVTOL Aircraft Landing Sites," primarily drafted by EHang, has been released, providing guidelines for eVTOL landing site parameters [4]. - The CAAC has prioritized five key areas for the growth of China's low-altitude economy, including the development of UAV demonstration zones and airworthiness certification capabilities [5]. Group 3: Company Insights and Future Goals - EHang's CEO emphasized the significance of the acceptance of the world's first pilotless passenger-carrying eVTOL OC application, indicating a major breakthrough for the civil aviation industry [6]. - The company has previously obtained the world's first type certificate, production certificate, and standard airworthiness certificate for its EH216-S eVTOL aircraft [8]. - EHang aims to make low-altitude economy accessible to the public through the establishment of a new operation system for pilotless aerial vehicles [6].

GUANGZHOU, China, July 19, 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 signing of a purchase and operation cooperation agreement with KC Smart Mobility Company Limited ("KC Smart Mobility"), a subsidiary of Kwoon Chung Bus Holdings Limited ("KCBH") (0306.HK), the largest non-franchised bus operator in Hong Kong. This partnership aims to promote the deployment and operat ...

GUANGZHOU, China, July 19, 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 signing of a purchase and operation cooperation agreement with KC Smart Mobility Company Limited (“KC Smart Mobility”), a subsidiary of Kwoon Chung Bus Holdings Limited (“KCBH”) (0306.HK), the largest non-franchised bus operator in Hong Kong. This partnership aims to promote the deployment and opera ...