EHang(US:EH) Investor Placeยท2024-06-13 10:15Industry Overview - The flying car industry is emerging with a projected compound annual growth rate (CAGR) of 58.1% until 2040, indicating significant growth potential [1] Company Summaries Lilium (LILM) - Lilium is a German air taxi firm known for its all-electric vertical take-off and landing (eVTOL) aircraft, the Lilium Jet [2] - The company is expanding its operations in France and is in discussions with the French government for potential subsidies and loan guarantees [2] - Lilium plans to conduct its first flight tests with a pilot later this year and aims to launch commercial flights in Europe by 2025 [2][3] - Recently, Lilium signed a purchase agreement with eVolare for four Lilium Jets and received 20 orders from UrbanLink, which plans to start aerial transportation services in 2026 [3] Joby Aviation (JOBY) - Joby Aviation has established itself in the flying car market, securing significant investments of $400 million from Toyota Motors and $60 million from Delta Air Lines [4] - The company is set to deliver two eVTOL aircraft to the U.S. Air Force next year as part of a $131 million contract, strengthening its relationship with a reliable customer [4][5] - Joby has completed pre-production flight tests and is moving into the production prototype phase, with plans to launch air taxi services in the UAE as early as next year [5] EHang (EH) - EHang is a leading urban air mobility technology company based in China, focusing on eVTOL development, aerial media service, and logistics [6] - The company recently received a production certificate from the Civil Aviation Administration of China, marking a significant step towards mass production of its pilotless eVTOL aircraft model EH216-S [6] - Morgan Stanley analysts have set a price target of $27.50 per share for EHang, indicating a bullish outlook for the company [7]