GUANGZHOU, China, Dec. 30, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (EHang or the Company) (Nasdaq: EH), the world’s leading urban air mobility (UAM) technology platform company, today announced the preliminary revenue for the fourth quarter and fiscal year ended December 31, 2024, surpassing previous revenue guidance in the release of results for the third quarter of 2024.
- Total (EPA:) revenue for the fourth quarter of 2024 They are expected to reach RMB 162 million, representing a 20% increase from the guidance of RMB 135 million, and a 187% year-on-year increase from RMB 56.6 million in Q4 2023 .
- Total revenue for fiscal year 2024 They are expected to reach RMB 454 million, representing a 6% increase from the guidance of RMB 427 million, and a 287% year-on-year increase from RMB 117.4 million in 2023.
The upward performance reflects stronger-than-expected market demand for the EH216-S pilotless passenger transport aerial vehicles, key operational milestones and growing momentum in the company’s business.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (UAM) technology platform company. Our mission is to enable safe, autonomous and ecological air mobility within everyone’s reach. EHang provides customers across various industries with unmanned aerial vehicle (UAV) systems and solutions: air mobility (including passenger transportation and logistics), smart city management and aerial media solutions. EHang’s flagship product, the EH216-S, obtained the world’s first standard type certificate, production certificate and airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. As a forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the limits of the sky to make flying technologies benefit our lives in smart cities. For more information, visit www.ehang.com.
Safe Harbor Statement
All financial data in this release are preliminary and unaudited and do not present all the information necessary to understand our results of operations for the quarter ended December 31, 2024. Our actual results may differ from preliminary estimates due to the completion of the normal quarter. -finalize accounting procedures and adjustments, including the completion of our financial close and other operating procedures, final adjustments and other developments that may arise between now and the time the financial results are finalized for the three months ended December 31, 2024. Our actual financial results and additional details about our performance for the fourth quarter ended December 31, 2024 will be provided in accordance with the Company’s standard reporting schedule.
This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expectations, anticipations, objectives, future. , intends, plans, believes, estimates, is probable and similar statements. Statements that are not historical facts, including statements regarding management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, those related to certifications, our expectations regarding demand and market acceptance of our products and solutions and the commercialization of UAM Services, our relationships with strategic partners and current and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Although we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
Investors contact: ir@ehang.com
Media Contact: pr@ehang.com