EHang Intelligent Announces Strong Q2 2024 Results with Record Revenue and More

TapTechNews August 22nd news, eVTOL aircraft manufacturer EHang Intelligent today announced its unaudited financial results for the second quarter of 2024:

The total revenue reached 102 million yuan, hitting a new company record, with a year-on-year increase of 919.6% and a quarter-on-quarter increase of 65.3%;

The net loss was 71.6 million yuan, compared with a net loss of 75.7 million yuan in the same period last year;

The adjusted net profit was 1.15 million yuan, turning from loss to profit year-on-year;

49 EH216 series aircraft were delivered in Q2, hitting a new record.

In the third quarter of 2024, the company expects the total revenue to be approximately 123 million yuan, with a year-on-year increase of approximately 329.8%.

In April this year, EHang Intelligent's EH216-S became the world's first fully-certified eVTOL aircraft, obtaining the Type Certificate (TC), Airworthiness Certificate (AC), and Production License (PC).

According to the parameters queried by TapTechNews, the EH216-S has a body length of 5.73 meters and a height of 1.93 meters. The official claim is that it can be fully charged within two hours, the fastest flight speed can reach 130 kilometers per hour, and the endurance time is 25 minutes with a designed range of 30 kilometers.

The EH216-S can be applied in scenarios such as passenger transportation, tourism and sightseeing, logistics and transportation, medical emergency rescue, etc., and currently has a price of 2.39 million yuan.