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 signed a strategic Memorandum of Understanding ("MoU") with China Southern Airlines General Aviation Company Limited ("CSGAC"), a leading general aviation service provider and strategic emerging business unit of China Southern Airlines Company Limited. The partnership will center on the flight operations, comprehensive support, and other aspects of EHang's pilotless electric vertical take-off and landing ("eVTOL") to jointly cultivate innovative solutions for low-altitude economy.   Upon CSGAC's extensive experience in general

EHang Holdings Limited (NASDAQ:EH) said it has delivered a new batch of EH216-S pilotless aircraft, or the electric vertical takeoff and landing (eVTOL), fortifying its footprint in China’s “low-altitude” industry. The company confirmed it received full payment for the new batch of 30 units ordered by Wencheng County Transportation Development Group Co Ltd in Wenzhou, Zhejiang province, of which it has delivered 27. In recent years, China has relaxed its regulation of low-altitude airspace to foster the growth of a low-altitude economy, creating fresh prospects for eVTOL manufacturers, CnEV Post reported. Priced at RMB 2.39 million, the eVTOL has a top flight speed of 130 kilometers

Joint Effort Aims To Establish Low-Altitude Industry Chain In Zhejiang Province

https://www.ehang.com/news/1097.html

EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced that its EH216-S pilotless electric vertical takeoff and landing ("eVTOL") aircraft completed its first autonomous air taxi flight in Mecca, Saudi Arabia. The autonomous flight, conducted with rigorous safety measures, underscores EHang's commitment to safety and innovation. Partnering with Front End Limited Company ("Front End"), a Saudi-based enterprise specializing in advanced solutions for various industries, this flight also highlights the transformative potential of pilotless eVTOL aircraft for the region's transportation system.

Meanwhile, Xishan Tourism has signed a purchase plan agreement for an additional 450 units of EH216-S over the next two years. These aircraft will be deployed for aerial tourism, passenger transportation, and other low-altitude use cases to facilitate adoption and operations of pilotless eVTOL in North China.

EHang Holdings Limited (NASDAQ:EH) shares are trading higher after it reported first-quarter FY24 results. Revenue increased 178.0% Y/Y to RMB61.7 million. In USD terms, revenue of $8.5 million beat the consensus of $6.9 million. Revenue benefitted from demand for the proprietary EH216 pilotless eVTOL vehicles. Adjusted operating loss came in at RMB(12.6) million ($(1.7) million), an improvement of 63.4% Y/Y in the quarter. The company achieved positive operating cash flow in the quarter.  The company disclosed sales and deliveries of 26 units of EH216 series products in the first quarter of FY24, which more than doubled to 11 units in the first quarter of 2023. As of March-end,

Business Outlook For the second quarter of 2024, the Company expects the total revenues to be around RMB90 million, representing an increase of approximately 804% year-over-year.

GUANGZHOU, China, Nov. 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 Company's Board of Directors has approved a Share Repurchase Program, pursuant to which the Company may repurchase up to US$30 million of its American Depositary Shares ("ADSs") or ordinary shares over the next 12 months. Mr. Huazhi Hu, Founder, Chairman and CEO of EHang, commented, "This Share Repurchase Program underscores our confidence in EHang's long-term growth potential as well as our capability in continuously delivering value to our shareholders. Looking ahead, we r

Record-High Quarterly Revenues, Up 347.8% YoYAchieved Quarterly Adjusted Operating Income2 (non-GAAP) and the Second Consecutive Quarter of Adjusted Net Income3 (non-GAAP)Maintained Positive Operating Cash Flow for the Fourth Consecutive QuarterOver US$22 Million Strategic PIPE Investment to Further Strengthen LiquiditySignificant eVTOL Sales and Operational Progress in Pioneering Chinese CitiesNew Orders from KC Smart Mobility and SunriverSteady Progress in Air Operator Certification for Commercial OperationsStrategic Partnership with Civil Aviation Flight University of China for eVTOL Talent TrainingExpanded International Presence with Flights in Brazil, Thailand, Japan and the UAEBreakthr

GUANGZHOU, China, Nov. 15, 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 signed a cooperation framework agreement ("Agreement") with Zhejiang Sunriver Culture and Tourism Co., Ltd. ("Sunriver", 600576.SH), a China A-share listed company, to explore an industrial model that integrates low-altitude economy with cultural tourism in China. Under the Agreement, Sunriver plans to purchase 50 units of EH216-S or similar pilotless passenger-carrying aircraft from EHang for its cultural tourism projects based on market development needs. Sunriver has plac

GUANGZHOU, China, Nov. 14, 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 a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. ("Enpower", SZ300681), a Chinese leading new energy vehicle power systems provider, and a strategic institutional investor from the Middle East. Both investors agree to a 180-day lock-up period. The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang, aimed at co-developing high-perform

GUANGZHOU, China, Nov. 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 a significant breakthrough in the development of high-energy solid-state battery technology, in collaboration with the Low-Altitude Economy Battery Research Institute of the Hefei International Advanced Technology Application Promotion Center and Shenzhen Inx Energy Technology Co., Ltd. ("Inx"). Equipped with this solid-state battery, EH216-S completed a continuous 48 minutes and 10 seconds flight test, which is applicable to different flight requirements and significantly improves the

GUANGZHOU, China, Nov. 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 the launch of a UAM Hub (the "Hub") at Luogang Central Park in Hefei, Anhui Province, marking the second vertiport established in Luogang Park following the opening of the Urban Air Mobility Operations Center in May, which will serve as a key infrastructure for the future operation of EH216-S pilotless passenger-carrying aerial vehicles. This Hub also sets a new milestone in EHang's partnership with Hefei City in the low-altitude economy sector and will serve as a demonstration project

GUANGZHOU, China, Nov. 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 third quarter ended September 30, 2024 on Monday, November 18, 2024, before the U.S. market opens. EHang's management team will host an earnings conference call at 8:00 AM on Monday, November 18, 2024, U.S. Eastern Time (9:00 PM on Monday, November 18, 2024, Beijing/Hong Kong Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering

GUANGZHOU, China, Nov. 11, 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 a long-term strategic partnership and technology development cooperation with Zhuhai Enpower Electric Co., Ltd. ("Enpower", SZ300681), a pioneer in new energy vehicle ("NEV") power systems, to co-develop high-performance electric motors and motor controllers for EHang's suite of electric vertical take-off and landing ("eVTOL") aircraft. (Photo: Signing Ceremony of Strategic Partnership and Technology Development Cooperation Agreements between EHang and Enpower) The collaborati

GUANGZHOU, China, Nov. 08, 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 EH216-S pilotless electric vertical takeoff and landing ("eVTOL") aircraft completed debut passenger flights in Thailand at the renowned Queen Sirikit National Convention Center in central Bangkok. The flights mark a new milestone for expanding EHang's eVTOL flight footprint to the 18th country globally. With the permission of the Civil Aviation Authority of Thailand ("CAAT"), the Company is also planning to conduct flight tests on EH216-S in Thailand and launch commercial flig

GUANGZHOU, China, Oct. 30, 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 entered into a strategic partnership with the Civil Aviation Flight University of China (the "CAFUC"). Building upon the CAFUC's extensive expertise in civil aviation education, research, and talent development, the two parties will collaborate on cultivating skilled personnel, including operators and maintenance staffs for EHang's pilotless electric Vertical Take-Off and Landing ("eVTOL") aircraft, and their training for personnel licenses and operational supervision. This partn

6-K - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

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20-F - EHang Holdings Ltd (0001759783) (Filer)

6-K - EHang Holdings Ltd (0001759783) (Filer)

GUANGZHOU, China, Nov. 11, 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 a long-term strategic partnership and technology development cooperation with Zhuhai Enpower Electric Co., Ltd. ("Enpower", SZ300681), a pioneer in new energy vehicle ("NEV") power systems, to co-develop high-performance electric motors and motor controllers for EHang's suite of electric vertical take-off and landing ("eVTOL") aircraft. (Photo: Signing Ceremony of Strategic Partnership and Technology Development Cooperation Agreements between EHang and Enpower) The collaborati

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 operation of EHang's EH216-S pilotless electric vertical take-off and landing ("eVTOL") in Hong Kong, Macau, and the cities of Xiangyang and Shiyan in Hubei Province in China. According to the

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 Charging ("UFC")/eXtreme Fast Charging ("XFC") battery solutions for EHang's electric vertical takeoff and landing ("eVTOL") aircraft. The partnership is to promote the research and dev

GUANGZHOU, China, April 09, 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 Board of Directors of the Company (the "Board") has appointed Mr. Zhao Wang as the Co-Chief Operating Officer ("Co-COO") of the Company, effective on April 9, 2024. The Company's management team will jointly lead EHang into next phase of growth for commercial operations following the groundbreaking achievements that EH216-S has obtained the world's first type certificate ("TC"), production certificate ("PC") and standard airworthiness certificate ("AC") for passenger-carrying

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises EHang Holdings Limited (NASDAQ:EH) investors that a lawsuit filed on behalf of investors that purchased EHang securities between January 20, 2022 and November 6, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to re

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 08, 2023 (GLOBE NEWSWIRE) -- ​The Portnoy Law Firm advises EHang Holdings Limited (NASDAQ:EH) investors that a lawsuit filed on behalf of investors that purchased EHang securities between January 20, 2022 and November 6, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recov

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises EHang Holdings Limited (NASDAQ:EH) investors that a lawsuit filed on behalf of investors that purchased EHang securities between January 20, 2022 and November 6, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to re

GUANGZHOU, China, Sept. 29, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading autonomous aerial vehicle ("AAV") technology platform company, announced that it has delivered five units of EH216-S to a new customer, Shenzhen Boling Holding Group Co., Ltd. ("Boling"), as part of Boling's plan to purchase up to 100 units of EH216-S from EHang. Boling's purchase of up to an additional 95 units of EH216-S is conditioned upon EHang's receipt of the EH216-S type certification from the Civil Aviation Administration of China ("CAAC") and subject to the parties' further agreement on details such as delivery timeline. The delivery of the first

GUANGZHOU, China, Dec. 05, 2022 (GLOBE NEWSWIRE) -- EHang Holdings Limited (NASDAQ:EH) ("EHang" or the "Company"), the world's leading autonomous aerial vehicle ("AAV") technology platform company, today announced that Mr. Nick Ning Yang has been appointed as a new director to the Company's Board of Directors (the "Board"), effective December 5, 2022. The Board has reviewed and determined that Mr. Yang meets all the "independence" requirements under Rule 10A-3 of the United States Exchange Act of 1934 and Rule 5605 of the Nasdaq Stock Market Rules. Mr. Yang is a renowned serial technology entrepreneur and investor highlighted by success across the U.S. and China. He is a founding Partne

GUANGZHOU, China, Feb. 24, 2022 (GLOBE NEWSWIRE) -- EHang Holdings Limited (NASDAQ:EH) ("EHang" or the "Company"), the world's leading autonomous aerial vehicle ("AAV") technology platform company, today announces the appointment of Mr. Xin Fang as the Chief Operating Officer ("COO") of EHang, effective on February 24, 2022. Mr. Xin Fang will be in charge of the Company's daily operations, with a focus on sales of EHang AAV products and solutions, and the commercialization of Urban Air Mobility ("UAM") services. He will report to Mr. Huazhi Hu, the Founder, Chairman and CEO of EHang. Mr. Xin Fang is a seasoned business leader with more than 20 years of business administration and operati

China Renaissance initiated coverage of EHang with a rating of Buy

UBS initiated coverage of EHang with a rating of Buy and set a new price target of $22.00

Morgan Stanley initiated coverage of EHang with a rating of Overweight and set a new price target of $27.50

Goldman upgraded EHang from Neutral to Buy and set a new price target of $30.50

Goldman initiated coverage of EHang with a rating of Neutral and set a new price target of $4.00

Morgan Stanley resumed coverage of EHang with a rating of Equal-Weight and set a new price target of $23.00

Morgan Stanley downgraded EHang from Overweight to Equal-Weight and set a new price target of $33.00