EHang Reports 3Q2024 Results, Debuts at Smart City Expo World Congress & Announces Cooperation with European Vertiport Infrastructure Company

(Guangzhou, China) Urban air mobility technology company EHang Holdings (NASDAQ: EH) reported its unaudited financial results for the third quarter ended September 30, 2024 this morning; the company announced record-high quarterly revenues, up 347.8% yoy, per EHang.

Photo of EHang’s EH216-S pilotless passenger eVTOL exhibit at the Smart City Expo and Tomorrow Mobility World Congress 2024, courtesy of EHang.

EHang’s earnings report can be found here.

Sales and deliveries of EHang’s EH216 eVTOL vehicle products were 63 units, marking the highest quarterly delivery volume in the Company’s history. Previously, EHang delivered 13 units in 3Q2023 and 49 units in 2Q2024, according to the Company’s earnings release.

Total revenues reached a record high of RMB128.1 million (US$18.3 million), representing an increase of 347.8% from RMB28.6 million in the third quarter of 2023, and an increase of 25.6% from RMB102.0 million in the second quarter of 2024, per EHang.

EHang also announced this morning that Ms. Victoria Xiang, EHang’s Chief Operating Officer of EHang Europe and Latin America, delivered a keynote speech at the Smart City World Expo in Spain, and has announced its cooperation with Vertiports Network, a European vertiport infrastructure company, which designs and develops modular UAM infrastructure and vertiport network operations.

** Not investment advice; The FLY Report is not a registered investment advisor.