Financial Performance
- Revenue Growth: The annual revenue increased by 288.5% to 456.2 million RMB (62.5 million USD), with the Q4 results being the key driver. The mentioned increase of 190% may refer to a specific quarter or an alternate calculation basis – however, the official figures show even stronger growth.
- Deliveries: Deliveries of electric vertical takeoff and landing vehicles (eVTOLs) reached 216 units in 2024, a 315.4% increase compared to the previous year.
Market Reaction and Analyst Evaluation
Deutsche Bank reacted on April 21, 2025, with a Upgrade to “Buy”, after the stock already rose by over 8% the day before. Reasons include:
- Strategic Partnerships: Planned deliveries of up to 100 eVTOLs per year starting in 2025 through collaborations in China and internationally.
- Technological Leadership: EHang dominates the Chinese market for autonomous air taxis and sets standards with models such as the EH216 series.
Future Forecasts
According to estimates, EHang is expected to have an earnings per share of approximately 2.36 USD in 2026, followed by a tripling by 2028 to around 8.81 USD/share. The price-to-earnings ratio remains negative for now (-102.65 for profit estimates), which is typical for growth companies in the expansion phase.
The SEC report from April underscores the company’s transparency efforts while regulatory progress in approval processes for passenger drones could accelerate market entry.