EHang(US:EH) Xin Hua Cai Jing·2025-07-22 10:09Core Viewpoint - The issuance of the first operational certificate (OC) for manned unmanned aerial vehicles (UAVs) in China marks the beginning of the low-altitude economy's "manned era," with companies like EHang actively promoting safety and operational standards in the aviation industry [1][2]. Group 1: Industry Development - The Civil Aviation Administration of China (CAAC) has granted the first batch of operational certificates for manned UAVs to Hefei Huying Aviation Co., Ltd. and Guangdong EHang General Aviation Co., Ltd., indicating a significant milestone in the industry [1]. - The development of urban air mobility is expected to progress through three phases: awareness, popularization, and accessibility, with the next 1-2 years focused on foundational investments in aircraft manufacturing, certification, infrastructure, and regulatory standards [2]. Group 2: Company Strategy - EHang has established over 20 operational demonstration sites and E-port takeoff and landing areas across 16 cities in China, including Hefei, Guangzhou, and Shanghai, aiming to create operational models in key cities [3]. - The company plans to initially focus on tourism as the first operational scenario to quickly accumulate operational experience, with a gradual transition to urban air transportation services [3]. - EHang aims to achieve an annual revenue target of 900 million yuan by 2025, emphasizing a dual strategy of operations and sales to diversify its income sources [3].