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EHang Reports First Quarter 2021 Unaudited Financial Results
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GUANGZHOU, China, April 16, 2021 (GLOBE NEWSWIRE) EHang Holdings Limited ( EHang or the Company ) (NASDAQ:EH), the world s leading autonomous aerial vehicle ( AAV ) technology platform company, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Financial and Operational Highlights
Total revenues were RMB54.6 million (US$8.4 million), on par with RMB54.7 million in the fourth quarter of 2019. Revenues from air mobility solutions were RMB33.4 million (US$5.1 million), reflecting a 10.1% decrease year over year mainly due to the resurgence of the COVID-19 pandemic in China in the fourth quarter and its impact on tourism industry customers.
EHang Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
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By Ben Spencer
Sesar’s air mobility trials will take place in the Netherlands, Spain and the UK (© Resul Muslu | Dreamstime.com)
A European Commission (EC) project to see if drones can help ease road congestion has been unveiled.
The Single European Sky ATM Research (Sesar) U-space demonstration project includes input from EHang is to conduct air mobility trials over the next two years.
Sesar – a programme that coordinates European Union R&D activities in air traffic management (ATM) – is managed by a partnership called SESAR Joint Undertaking whose members include Indra and Thales.
In 2017, the EC mandated the Sesar Joint Undertaking to coordinate the research and development activities related to U-Space and drone integration.