EHang reports Q1 adjusted EPADS (RMB 0.42) vs. (RMB 0.16) last year

Reports Q1 total revenues were RMB 26.1M, or $3.6M, compared with RMB 61.7M in the first quarter of 2024 and RMB 164.3M in the fourth quarter of 2024. Sales and deliveries of EH216 series eVTOL were 11 units. Huazhi Hu, Founder, Chairman and Chief Executive Officer of EHang (EH), said: “In the first quarter of 2025, EHang reached a defining moment in our path toward commercial urban air mobility. The official issuance of Air Operator Certificates to EH216-S operators by the CAAC marked the approval for commercial human-carrying pilotless eVTOL flight services in China, a significant milestone for both EHang and the low-altitude economy, making urban air mobility accessible to the public. In parallel, we are excited that our next-gen VT35, a long-range lift-and-cruise pilotless eVTOL model, is progressing into type certification process by the CAAC. This model will expand our product portfolio beyond the EH216 series in urban air mobility, enabling broader application scenarios in long-range regional air mobility in the future. Looking ahead, EHang will continue to push the boundaries of innovation and expand our commercial operations gradually. We are confident in our ability to shape the future of air mobility and maintain our leadership in this sector.” Conor Yang, Chief Financial Officer of EHang, added: “In the first quarter of 2025, we recorded a revenue decline, primarily due to the timing of customer procurement plans aligning with the issuance of the first OCs at the end of March. However, we are encouraged by the rebound in the second quarter, with sales and deliveries ramping up. Against the backdrop of recent geopolitical tensions and global market volatility, our operations have not been impacted by tariff measures. We are also exploring potential options for a listing outside the United States, in addition to our existing primary listing on Nasdaq.”