EHang Holdings Ltd. (EH.US) said on Tuesday its revenue fell slightly year-on-year in the first quarter, as it works with China’s aviation regulator to address additional operational and safety requirements before launching public ticketed services for its electric vertical take-off and landing (eVTOL) aircraft.
EHang said its revenue fell to 25.7 million yuan ($3.8 million) in the first quarter from 26.1 million yuan a year earlier, as it delivered four of its EH216 eVTOLs during the latest period. It maintained its guidance for 600 million yuan in revenue this year, which would represent a 17.6% rise from the 510 million yuan in 2025. Its net loss for the first quarter rose to 126 million yuan from 78.4 million yuan a year earlier.
The company said its customers and partners currently operate its eVTOLs at more than 40 sites across China. Its short-distance EH216-S model received an airworthiness certification from China’s aviation regulator in 2023, and the company said that it and its clients are now working towards regular commercial operations. That appeared to represent a delay from an earlier statement saying commercial operations were expected to launch in March this year.
EHang shares fell 23.3% on Tuesday after the publication of its latest report. The stock is down around 50% this year.
By Doug Young
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