Shares of EHang Holdings Ltd (EH) surged 5% in pre-market trading on Tuesday following the company's impressive third quarter 2024 earnings results. EHang reported record-high aircraft deliveries and revenues for the quarter, reflecting robust market demand for its flagship EH216-S autonomous aerial vehicle.
In Q3, EHang delivered 63 units of its EH216 series products, achieving a new quarterly delivery record compared to just 13 units in Q3 2023. Total revenues soared 347.8% year-over-year to RMB128.1 million, driven by the higher sales volume and exceeding the company's revenue guidance by 4%.
With the anticipated issuance of the first operational certificate for pilotless passenger aircraft in China by year-end, EHang is gearing up for the commercial deployment of its autonomous air mobility solutions. The company expects further momentum from growing policy support for the low-altitude economy and rising demand for pilotless aerial vehicles in the domestic market.
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