The Latest Breaking News from EH

EHang Holdings Limited (NASDAQ:EH) formed a strategic alliance with Charoen Pokphand Group Co., Ltd. to establish a joint venture in Thailand for AAV sales and urban air mobility operations. The financial terms of the arrangement were not disclosed. The parties intend to fully leverage their respective expertise and resources in a long-term comprehensive…

EHang Holdings Ltd (NASDAQ:EH) received a pre-order for 100 units of EH216 AAVs from Prestige Aviation, an Indonesian aviation company and a subsidiary of Prestige Corp., at the online contract signing ceremony during the Indonesia International Motor Show 2022. Financial terms were not disclosed. Prestige Aviation previously purchased one unit of EH216…

EHang Holdings Ltd (NASDAQ:EH) reported fourth-quarter FY21 revenues of RMB8.7 million ($1.4 million), compared with RMB13 million in 3Q21 and RMB54.6 million in 4Q20. The gross margin was 60.1%, compared with 61.8% in Q3. The decrease reflects changes in the revenue mix. Adjusted loss per ADS was $(0.22) or RMB(1.46) compared to…

EHang Holdings Ltd (NASDAQ:EH) has established a strategic partnership with Aerotree Flight Services Sdn. Bhd., a subsidiary of Malaysian aviation company AEROTREE Group. The financial terms were not disclosed. The companies will jointly develop urban air mobility (UAM) business, including Maintenance, Repair and Overhaul (MRO) and training in Malaysia. Pursuant to the arrangement,…