Here are the most recent and relevant news updates for EHang as of March 29, 2025:
– **Stock Price Decline**: EHang’s stock (NASDAQ: EH) fell 7.6% during trading on Friday, March 28, 2025. The stock traded as low as $20.46 and closed at $20.51, down from the previous close of $22.19[11].
– **Q4 and Fiscal Year 2024 Results**: On March 11, 2025, EHang reported record-high quarterly and annual revenues for 2024. Key highlights include:
– Q4 2024 revenues up 190.2% year-over-year to RMB164.3 million (US$22.5 million)
– Full-year 2024 revenues increased 288.5% to RMB456.2 million
– Record-high delivery volume of 216 units in 2024
– First year of non-GAAP profitability and positive operating cash flow[1]
– **2025 Revenue Forecast**: EHang expects fiscal year 2025 revenues to be around RMB900 million, representing a 97% year-over-year increase[1].
– **Urban Air Mobility Progress**:
– EH216-S completed its inaugural demo flight in downtown Shanghai on January 19, 2025
– Regular trial operation of eVTOL sightseeing routes launched at Longhua Airport in Shanghai[10]
– **Manufacturing Partnership**: In late February 2025, EHang announced a new partnership with JAC Motors and Hefei Guoxian Holdings Company to establish an eVTOL production facility in Anhui province[7].
– **European Milestone**: EHang successfully completed Europe’s first unmanned eVTOL flight in an urban setting in Benidorm, Spain, as part of the EU-funded U-Space European Common Deployment project[4].
These developments highlight EHang’s continued progress in commercializing its eVTOL technology and expanding its presence in both domestic and international markets.