EHang reports record revenue and operational growth in third quarter 2024

EHang Holdings reported a record revenue of RMB 128.1 million (US$18.3 million) for Q3 2024, a 347.8% increase from the same period last year. This growth was driven by the delivery of 63 units of its EH216 series, the highest quarterly volume in the company's history. The company achieved adjusted operating income of RMB 9.0 million (US$1.3 million) and a net loss of RMB 48.1 million (US$6.9 million), both improvements from previous quarters. EHang also maintained positive operating cash flow for the fourth consecutive quarter and secured over US$22 million in strategic investments to enhance liquidity. EHang is advancing its eVTOL operations in several Chinese cities and has expanded its international presence with flights in Brazil, Thailand, Japan, and the UAE. The company is also making progress in air operator certification for commercial operations and has formed partnerships for talent training and technology development.