Seres makes new energy vehicles

EHang Holdings Ltd. (EH.US) on Thursday reported its fourth-quarter revenue rose nearly 50% year-on-year on accelerating sales for its electric vertical take-off and landing (eVTOL) aircraft, propelling the company to its first-ever profit.

EHang reported revenue of 243.8 million yuan ($35.5 million) during the final three months of 2025, up 48.4% from 164.3 million yuan a year earlier. That brought its total revenue for the year to a record 509.5 million yuan, up 11.7% from the previous year. The company delivered 100 aircraft during the latest quarter, bringing its total to 221 units for the whole year.

The company reported a 10.5 million yuan profit for the fourth quarter, reversing a 46.9 million yuan loss a year earlier, though it still lost money on an operating basis in the latest period. It reported fourth-quarter adjusted net income of 71.5 million yuan, nearly double the 36.4 million yuan adjusted profit it recorded a year earlier.

EHang shares fell 1.3% on Thursday to close at $12.11 after the results were announced. The stock is down 44% over the last 52 weeks.

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