GUANGZHOU, China, Aug. 18, 2022 (GLOBE NEWSWIRE) — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced its unaudited financial results for the second quarter ended June 30, 2022.
– Continued with Over 60% High Gross Margin
– EHang 216 Type Certification Progresses Well
– About 2,800 Operational Trial Flights Conducted under 100 Air Mobility Routes Initiative
– Expanded Partnerships Internationally in Building UAM Ecosystem
– Achieved Quarterly Positive Operating Cash Flow Again
– Maintained High Quarterly Gross Margin
Achieved Record High Quarterly Gross Margin Again
• EHang 216 AAV’s CAAC Type Certification Process Prioritized
• Released VT-30 Long-Range Passenger-grade AAV
• Completed EHang 216F’s Technical Examination for Commercialization
• Commenced Operations of New Yunfu Production Facility