EHang Reports Record Revenue Growth in Q4 2024

EHang Holdings Limited has announced preliminary revenues for the fourth quarter and fiscal year 2024, with expectations of reaching RMB162 million, a 20% increase over previous guidance, and a 187% year-over-year growth. For the fiscal year 2024, total revenues are projected to be RMB454 million, surpassing earlier forecasts by 6% and reflecting a staggering 287% increase compared to 2023. This growth is attributed to strong market demand for its EH216-S pilotless aerial vehicles and significant operational milestones within the urban air mobility sector. The company, recognized as a pioneer in the industry, has achieved important certifications for its eVTOL aircraft, enhancing its market position. EHang's stock has responded positively, showing a 5.08% rise in premarket trading following the announcement. However, as the reported figures are preliminary and unaudited, there are uncertainties regarding the final financial performance.