EHang (EH) Earnings Call Presentation

Market Opportunity - The global UAM/eVTOL market is projected to grow from $3 billion in 2025 to $23 billion in 2030 and $61 billion in 2035, representing a CAGR of 85%[12] - China's low-altitude economy market size surpassed RMB 500 billion in 2023 and is estimated to reach RMB 2 trillion by 2030[15] - By 2030, it is estimated that 100,000 eVTOLs will enter households or become air taxis[18] Product and Technology - EHang has launched autonomous eVTOLs and obtained pilotless eVTOL TC, PC, AC and OC from CAAC[10] - The company has a global flight footprint in 19 countries as of March 31, 2025[10, 93] - EHang has 746 issued and pending patents as of March 31, 2025[10] - The company plans to unveil the VT35, a next-generation long-range pilotless human-carrying lift-and-cruise eVTOL, in the third quarter of 2025[27] Regulatory and Policy Support - China is implementing favorable policies and regulations to support the UAM/low-altitude economy, including the establishment of national departments and comprehensive transportation networks[60] - Over 59 cities across China have prioritized the development of the low-altitude economy in their 2024 government plans[61] - Multiple cities and provinces are offering operational subsidies and manufacturing incentives for eVTOL operations, such as a reward of RMB 400,000 for launching a new route in Hubei[63] Strategic Partnerships and Production - Guangzhou city established a low-altitude industry venture capital fund with a size of RMB 10 billion[66] - Suzhou has newly signed 16 low-altitude economy industry funds with a total scale exceeding RMB 20 billion this year[66] - EHang is planning to expand its Yunfu Manufacturing Base to an annual production capacity of 1,000 units by 2025[68]