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EHang Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

- - Expanded well-rounded product portfolio to capture more market opportunities 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.

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EHang Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

EHang Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
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Europe launches smart air mobility trials

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.

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EHang joins European Union project for UAM demonstrations

Photo Credit: EHang EHang Holdings Ltd. (Gaungzhou, China) announced on Jan. 21 its membership in the Air Mobility Urban - Large Experimental Demonstration(AMU-LED) project, said to be one of the largest European demonstrations of urban air mobility (UAM). Initiated by the European Union (EU), the consortium executing the AMU-LED project involves 17 prominent companies and institutions globally, including EHang and industry giants such as Airbus (Toulouse, France) and Boeing (Chicago, Ill., U.S.). For the duration of 2022, EHang will perform trial operations of the EH216, its flagship two-seat passenger-grade AAV, in Spain, the U.K. and the Netherlands. More specifically, the AMU-LED is an EU H2020 project framed in the SESAR (Single European Sky ATM Research) Joint Undertaking, with the ultimate goal of showcasing one of the largest demonstrations of mobility services with air vehicles and the safe integration of different types of drone operations, otherwise known as U-space, i

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EHang Joins European Union s AMU-LED Project to Demonstrate Urban Air Mobility

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

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