Here are the most relevant recent news updates for EHang as of March 29, 2025:
## Operating Certificates Issued
On March 28, 2025, the Civil Aviation Administration of China (CAAC) issued the first batch of Civil Unmanned Aerial Vehicle Operation Certificates (OC) to Guangdong EHang General Aviation Co., Ltd. and Hefei Heying Aviation Co., Ltd[5]. This marks a significant milestone as it allows EHang’s EH216-S aircraft to begin commercial passenger-carrying operations in China.
## Stock Performance
EHang’s stock (NASDAQ: EH) experienced a 7.6% decline during trading on March 28, 2025, closing at $20.51[13]. The company’s market capitalization stands at approximately $1.31 billion.
## Financial Results
EHang reported strong financial results for Q4 and fiscal year 2024 on March 11, 2025[1]:
– Record-high quarterly and annual revenues, up 190.2% and 288.5% year-over-year, respectively
– Achieved non-GAAP profitability for the first full year
– Delivered 216 units of EH216 series eVTOL aircraft in 2024
– Projected fiscal year 2025 revenues of around RMB900 million, up 97% year-over-year
## 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[10]. This move aims to scale up manufacturing capabilities as EHang transitions towards commercialization.
## Urban Air Mobility Progress
EHang continues to make strides in urban air mobility:
– Completed inaugural demo flight in downtown Shanghai and launched regular trial operations at Longhua Airport in January 2025[7]
– Expanded global presence with flights in 16 cities across Japan, Thailand, and Mexico[1]
– Conducted Europe’s first pilotless eVTOL urban flight in Spain[1]
These developments showcase EHang’s progress in commercializing its eVTOL technology and expanding its global footprint in the emerging urban air mobility market.