JPMorgan initiated coverage of EHang (EH) with an Overweight rating and $26 price target The firm expects the global passenger electric vertical take-off and landing aircraft market to grow to $100B by 2040 and notes that EHang holds certificates in China that make it “uniquely positioned to scale from prototypes to a commercial model.” The firm identifies EHang as China’s “leading” eVTOL original equipment manufacturer.
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