Here are the latest news updates for EHang as of March 28, 2025:
## Financial Performance
EHang reported record-high quarterly and annual revenues for 2024, with growth of 190.2% and 288.5% year-over-year respectively[5]. The company also achieved record-high quarterly and annual delivery volume, with 216 units delivered in 2024[5].
## Stock Performance
EHang’s stock (NASDAQ:EH) traded down 7.6% on March 28, 2025, closing at $20.51[14]. The company has a market cap of $1.31 billion and a price-to-earnings ratio of -38.11[14].
## Manufacturing Expansion
EHang established a joint venture with JAC Motors and Guoxian Holdings to construct a state-of-the-art eVTOL production facility in Hefei, China[4][12]. This partnership aims to integrate advanced technology, standardize key components, and establish industry benchmarks for the air taxi sector[4].
## European Milestone
EHang successfully completed its first unmanned eVTOL flight test in an urban setting in Benidorm, Spain, marking a significant milestone in Europe[4]. The test included coordinated multi-drone operations managed by Spain’s air navigation provider, Enaire[4].
## Market Outlook
The global eVTOL market is projected to reach US$ 3.2 billion by 2040, with a compound annual growth rate of 28.4% from 2025 to 2040[6]. China is expected to dominate the eVTOL units market, while North America is anticipated to lead in market value[6].
## Upcoming Events
EHang is scheduled to participate in the BofA Securities 2025 China Conference on May 14, 2025[15].