EHang Holdings Ltd (NASDAQ: EH)

EHang Holdings Limited is a leading urban air mobility technology platform company that designs, develops, manufactures, sells and operates electric vertical takeoff and landing aircraft and related unmanned aerial vehicle systems. Founded in 2014, the company's mission is to make safe, autonomous and eco friendly air mobility accessible to everyone. Its core activities include producing the EH216 series of pilotless electric VTOL aircraft, providing command and control and ground support infrastructure, and offering services such as air mobility, smart city management and aerial media solutions.

EHang Holdings Limited generates revenue primarily from the sale of its EH216 series aircraft and from related services such as air mobility operations, smart city management and aerial media performances. In 2024 the company reported total revenue of RMB456.2 million, equivalent to US$62.5 million. Air mobility solutions accounted for RMB443.3 million, or US$60.7 million, representing 97.2 percent of total revenue, while other solutions contributed RMB12.9 million, or US$1.8 million, representing 2.8 percent. The company also derives income from delivering command and control systems and from providing training, maintenance and operational support to its customers.

EHang Holdings Limited holds a leading position in the emerging urban air mobility industry as the first company to obtain a type certificate for a human carrying pilotless electric VTOL aircraft from China's Civil Aviation Administration and the first publicly traded pure play UAM firm on Nasdaq. Its competitive advantages stem from proprietary redundancy design, autonomous flight capabilities, cluster management technology and a deep patent portfolio that includes 476 issued patents and 270 pending applications. While other electric VTOL developers are still pursuing certification, EHang has already secured production and airworthiness certificates, enabling it to begin deliveries and commercial operations. The company also benefits from first mover brand recognition and a proven flight record of more than 66,000 safe trial flights across 19 countries.

EHang Holdings Limited serves a diverse customer base that includes tourism operators, municipal governments, public safety agencies and private enterprises across the globe. Specific customers have included the municipal authorities of Shaoguan, Lianyungang, Hezhou and Shenzhen in China, which received command and control systems for smart city management. The company has also delivered EH216 series aircraft to clients in Japan, the United Arab Emirates, Brazil and the Dominican Republic. In addition, EHang works with partners such as Guangzhou Greater Bay Technology, Chongqing Changan Automobile and Shenzhen Inx Energy to co develop technologies, although these relationships are collaborative rather than pure sales.