EHang (ADR)

EHang carried out the first public flight of its unmanned eVTOL EH216-S at Hong Kong Cyberport as part of the government project “Low-Altitude Economy Regulatory Sandbox X.” The aircraft demonstrated vertical takeoff and landing, low-altitude flights and hover maneuvers along preprogrammed routes; government officials attended the demonstration. EHang will hold further demonstrations through Sunday to validate reliability and safety and is working with Kwoon Chung Smart Mobility and Cyberport Management on commercialization plans. The aircraft holds approvals from the Civil Aviation Administration of China; Hong Kong is reviewing special legislation for unconventional aircraft, with a draft expected by 2027. » More on de.investing.com

EHang reported Q2 revenue of RMB 77.9 million, down 31% year‑over‑year but up 203% sequentially, driven by delivery of 35 EH216‑S aircraft and one VT‑35, and a 61.2% gross margin. The company withdrew its RMB 600 million 2026 revenue guidance after regulatory delays for passenger operations in Hefei following an unrelated aircraft accident. EHang is shifting toward operational readiness and international deployment, expanding to 23 countries and advancing programs in Thailand and Hong Kong while growing non‑passenger businesses such as aerial media, logistics and firefighting. Adjusted losses narrowed, and cash and investments stood at RMB 929.4 million at quarter‑end. » More on finance.yahoo.com

EHang reported an unexpected adjusted earnings per share of $0.38 for Q2 2026 on revenue of 77.9 million RMB, missing analysts’ estimate of $132.96 million by about 41%. The company improved sequential metrics and delivered 35 EH216‑S, 1 VT‑35 and 520 GD4 drones, but withdrew its 2026 revenue guidance due to uncertainties over commercial approvals in China. Gross margin remained stable at 61.2%, the adjusted net loss level improved versus the prior quarter, yet investors reacted cautiously and the stock traded near its 52‑week low. EHang expects a stronger non‑passenger business in the second half of the year as well as potential approvals and test permits in Thailand, Hong Kong and other markets. » More on de.investing.com