EHang Holdings Reports Q1 2025 Financial Results

Ehang Holdings Ltd ( (EH) ) has released its Q1 earnings. Here is a breakdown of the information Ehang Holdings Ltd presented to its investors.

EHang Holdings Ltd, a leading urban air mobility technology company, specializes in autonomous aerial vehicle systems and solutions for passenger transportation, logistics, and smart city management. In its first quarter of 2025, EHang reported a significant decline in revenues to RMB26.1 million, down from RMB61.7 million in the same quarter of the previous year, primarily due to decreased sales of its EH216 series eVTOL aircraft. Despite the revenue drop, the company achieved a gross margin of 62.4%, slightly higher than the previous year, indicating improved pricing strategies. However, the company faced an operating loss of RMB89.9 million and a net loss of RMB78.4 million, both of which increased compared to the previous year.

Key developments for EHang include the issuance of Air Operator Certificates for its EH216-S operators by the Civil Aviation Administration of China, marking a milestone for commercial human-carrying pilotless eVTOL services in China. The company also progressed with its VT35 model, which is undergoing certification and testing, and plans to expand production capacity at its Yunfu base and establish a new facility in Hefei. Internationally, EHang expanded its presence with EH216-S flights in Mexico and Spain, and it continues to develop low-altitude infrastructure in collaboration with industry partners.

Looking ahead, EHang remains optimistic about the future of urban air mobility and plans to continue expanding its commercial operations. The company is confident in its ability to maintain leadership in the sector, despite recent revenue challenges, and anticipates a rebound in sales and deliveries in the upcoming quarters.