Streetbeat News

EH

EHang Holdings Limited

https://www.ehang.com

Industry

Aerospace & Defense

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions. The company was incorporated in 2014 and is headquartered in Guangzhou, the People's Republic of China.

Open

16.93

Mkt cap

1.1B

Volume

1.5M

High

17.25

P/E Ratio

-29.04

52-wk high

22.98

Low

16.51

Div yield

N/A

52-wk low

9.51

EHang Holdings has signed an agreement with KC Smart Mobility to promote the sale and operation of its EH216-s pilotless eVTOL in Hong Kong and Macau.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 10:21 am

EHang Holdings Limited (NASDAQ:EH) has signed a strategic Memorandum of Understanding with China Southern Airlines General Aviation Company Limited to develop low-altitude flight operations using EHang's pilotless eVTOL technology. The partnership aims to establish operation demonstration sites for low-altitude tourism and explore diverse use cases such as inter-island cargo transportation and emergency response.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:47 am

EHang Holdings Limited (NASDAQ:EH) has delivered a new batch of EH216-S pilotless aircraft, strengthening its presence in China's eVTOL market. The company received full payment for 30 units ordered by Wencheng County Transportation Development Group, delivering 27 units so far. EHang has also secured additional orders, including a significant order from Xishan Tourism. The stock has gained over 6% in the past year, and investors can gain exposure via SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 10:55 am

EHang Holdings Limited (NASDAQ:EH) has delivered 27 units of its EH216-S pilotless aircraft to Wencheng County and completed its first passenger-carrying flight. This marks the beginning of Wencheng's low-altitude economy development, with plans for aerial sightseeing routes and other low-altitude commercial operations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:51 pm

EHang Holdings has signed a cooperation agreement with the Wencheng County Government to develop an Urban Air Mobility (UAM) ecosystem. The Wencheng County Transportation Development Group has purchased 30 EH216-S units with a 50% down payment and plans to purchase an additional 270 units by the end of 2026. This joint effort aims to establish a low-altitude industry chain in Zhejiang Province.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:37 pm

EHang Holdings has successfully completed a series of EH216-S eVTOL aircraft flights at the UAM Center in Europe, supported by EGNOS.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:32 pm

EHang Holdings Limited (NASDAQ:EH) announced the successful completion of its EH216-S pilotless eVTOL's first autonomous air taxi flight in Mecca, Saudi Arabia. This milestone, achieved in partnership with Front End Limited Company, underscores EHang's commitment to safety and innovation in urban air mobility.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 3:50 pm

EHang Holdings has signed a Memorandum of Understanding with Taiyuan Xishan Ecological Tourism Investment Construction, receiving a $15.6M purchase order for 50 EH216-S pilotless eVTOL aircraft. Xishan Tourism also plans to purchase an additional 450 units over the next two years.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:19 am

EHang Holdings shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:34 am

EHang Holdings Limited (NASDAQ:EH) shares are rising premarket after reporting strong Q1 FY24 results, including a 178% Y/Y revenue increase to $8.5 million, beating the consensus of $6.9 million. The company also improved its adjusted operating loss by 63.4% Y/Y and achieved positive operating cash flow. EHang sold 26 units of its EH216 series products, more than doubling from 11 units in Q1 2023. The company projects Q2 2024 revenues to be around RMB90 million, an 804% Y/Y increase. EHang also established Japan’s first Urban Air Mobility Center and started selling its EH216-S vehicle on Taobao.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 11:17 am

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