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- 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.
EHang Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Photo Credit: EHang Holdings Ltd.
EHang Holdings Ltd. (Guangzhou, China) announced on Feb. 5 its participation as the only passenger eVTOL partner in the SAFIR-Med (Safe and Flexible Integration of Advanced U-Space Services for Medical Air Mobility) project, a research and innovation project to promote the use of unmanned aviation in healthcare systems across the European Union (EU).
The project, which aims to ensure that healthcare is of high quality and accessible to all citizens of the EU, has selected 17 partners from eight countries and is supported by eight cross-industry advisory board members including the European Aviation Safety Agency (EASA) and The Red Cross. Within two years, the project intends to demonstrate advanced U-Space services, a set of new services relying on the digitalization and automation of functions and specific procedures designed to help ensure unmanned aircraft operate in a safe, secure and connected environment. These include detect-and-avoid