EHang Reports Significant Growth in Q1 2024 Financial Results and Key Milestones

The EH216 AAV’s passenger-carrying flight demo at the 5G Intelligent Air Mobility Experience Center
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GUANGZHOU, China, May 20, 2024 – EHang Holdings Limited (Nasdaq: EH), a global leader in Urban Air Mobility (UAM) technology, announced impressive financial results for Q1 2024, achieving substantial revenue growth and critical operational milestones.

The electric car revolution could continue in the air

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In the wake of the automotive electric revolution, the sky appears to be the next frontier. A segment once earmarked for futuristic sci-fi flicks, air taxis and electric flying cars are rapidly transitioning from fantasy to reality. As metropolises sprawl and urban traffic congestion worsens, the push for novel transit solutions intensifies.

EHang Partners with HELI-EASTERN for Urban Air Mobility Operations in Integrated Airspace in Shenzhen

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HELI-EASTERN is a major low-altitude general aviation carrier and helicopter service provider in the Guangdong-Hong Kong-Macao Greater Bay Area (“Greater Bay Area”) in China. It has also been designated by the Civil Aviation Administration of China (“CAAC”) and the Shenzhen Municipal Government as a pilot unit for low-altitude aviation reform in China. The ground-breaking partnership will explore and further implement urban air mobility (“UAM”) operations in the designated integrated airspace for helicopters and AAVs in Shenzhen, China. This is an important milestone in implementing EHang’s 100 Air Mobility Routes Initiative in the Greater Bay Area.