Part 1: “EHang News Round-Up”

While the West was enjoy­ing a Christ­mas and New Year break, it was busi­ness as usu­al in Chi­na, where EHang expe­ri­enced a high­ly pro­duc­tive and busy peri­od. First off, is news that the Chi­nese eVTOL com­pa­ny expects to report record Q4, 2024 results, beat­ing rev­enue guid­ance by 20 per­cent.

The com­pa­ny states rev­enues are expect­ed to reach RMB162 mil­lion, rep­re­sent­ing an increase of 20 per­cent from the guid­ance of RMB135 mil­lion, and a year-over-year increase of 187 per­cent from RMB56.6 mil­lion in the fourth quar­ter of 2023.

Total rev­enues for the fis­cal year 2024 are expect­ed to reach RMB454 mil­lion, rep­re­sent­ing an increase of 6 per­cent from the guid­ance of RMB427 mil­lion, and a year-over-year increase of 287 per­cent from RMB117.4 mil­lion in 2023.

It is inter­est­ing that while U.S eVTOL com­pa­nies, espe­cial­ly Archer and Joby, have enjoyed a ster­ling Stock Mar­ket per­for­mance in recent months, EHang’s share price has remained sta­t­ic, even though China’s lead­ing elec­tric air taxi com­pa­ny is enjoy­ing increas­ing sales and prof­its, unlike its Amer­i­can coun­ter­parts who are at least three to five years behind in their busi­ness devel­op­ment.

Mean­while, EHang’s lat­est new part­ner­ships are increas­ing by the week. These include col­lab­o­ra­tions with Chi­na Com­mu­ni­ca­tions Infor­ma­tion & Tech­nol­o­gy Group (CCIT) to co-devel­op dig­i­tal and ground UAM infra­struc­ture as well as empow­er the low-alti­tude econ­o­my (LAE) ecosys­tem and the Bei­jing Fang­shan Dis­trict Gov­ern­ment to launch Nation­al Head­quar­ters for low-alti­tude emer­gency res­cue equip­ment.

 EHang and CCIT Coop­er­a­tion Sign­ing Cer­e­mo­ny

CCIT is a spe­cialised sub­sidiary of Chi­na Com­mu­ni­ca­tions Con­struc­tion Group (CCCG), which is a world’s lead­ing com­pre­hen­sive ser­vice provider of very large infra­struc­ture. It is also a key tech­ni­cal sup­port unit for major projects and pilot projects under the Min­istry of Trans­port of Chi­na. 

Its main busi­ness cov­ers in-depth enter­prise dig­i­tal­i­sa­tion, infor­ma­tion indus­try, sys­tem inte­gra­tion and engi­neer­ing imple­men­ta­tion, net­work secu­ri­ty and oper­a­tions, big data and cloud ser­vices. CCIT has con­struct­ed a com­pre­hen­sive tech­ni­cal total solu­tion and a sys­tem­at­ic com­mer­cial ser­vice process for unmanned aer­i­al vehi­cles (UAVs). 

As part of the col­lab­o­ra­tion, CCIT will work with var­i­ous busi­ness sec­tors under CCCG, to part­ner with EHang to co-devel­op dig­i­tal UAM infra­struc­ture and trans­porta­tion hubs, inno­vate UAV ser­vices, as well as estab­lish a com­mer­cial oper­a­tion mod­el and com­pre­hen­sive sup­port sys­tem for the low-alti­tude econ­o­my, dri­ving inno­v­a­tive devel­op­ment with­in the sec­tor.

These include:-

: Build­ing Dig­i­tal UAM Infra­struc­ture (to incor­po­rate dig­i­tal tech­nolo­gies such as 5G, 6G, satel­lite com­mu­ni­ca­tions, sens­ing, and high-pre­ci­sion nav­i­ga­tion into the low-alti­tude avi­a­tion indus­try).

: Devel­op­ing Urban Air Mobil­i­ty Hubs (tar­get­ing 100 Cities and 100 Scenic areas).

: Estab­lish­ing a Full-Chain Inno­va­tion Ser­vice Plat­form (to explore the cre­ation of a ded­i­cat­ed fund, research insti­tute and voca­tion­al train­ing acad­e­my for the LAE indus­try).

Hang Yuan, Chair­man of CCIT, com­ment­ed, “We hope this part­ner­ship will serve as an oppor­tu­ni­ty to ful­ly lever­age our respec­tive pro­fes­sion­al strengths, estab­lish a good coop­er­a­tion mech­a­nism, focus on the con­struc­tion of air mobil­i­ty hubs and inno­va­tion in low-alti­tude eco­nom­ic ser­vice sce­nar­ios, and inject new impe­tus into the inno­v­a­tive devel­op­ment of the low-alti­tude econ­o­my indus­try.”

Zhao Wang, EHang’s COO, added, “We look for­ward to advanc­ing the inte­gra­tion of dig­i­tal infra­struc­ture and low-alti­tude avi­a­tion indus­try, while accel­er­at­ing the con­struc­tion of a smart new infra­struc­ture sys­tem.”

EHang and the Fang­shan Dis­trict, Bei­jing next.

The two par­ties aim to advance the LAE indus­try by estab­lish­ing EHang’s nation­al head­quar­ters for its emer­gency res­cue equip­ment in Fang­shan Dis­trict.

On Decem­ber 25th, the Bei­jing Low-Alti­tude Safe­ty Emer­gency Indus­tri­al Park was inau­gu­rat­ed in to the Fang­shan Dis­trict, accom­pa­nied by a demon­stra­tion of emer­gency res­cue. The cer­e­mo­ny was attend­ed by dis­tin­guished guests and rep­re­sen­ta­tives from the Civ­il Avi­a­tion Admin­is­tra­tion of Chi­na (CAAC). The Fang­shan Dis­trict Gov­ern­ment will active­ly coor­di­nate indus­tri­al funds to sup­port this ini­tia­tive and relat­ed projects. At this event, EHang show­cased its EH-216F fire­fight­ing eVTOL.

Dis­play of EHang’s Var­i­ous autonomous eVTOLs and EH216‑F per­form­ing emer­gency fire­fight­ing drill

Build­ing on this col­lab­o­ra­tion, the two par­ties will estab­lish a com­pre­hen­sive Emer­gency Fire­fight­ing Indus­tri­al Park in Fang­shan Dis­trict. This Park will inte­grate key facil­i­ties and func­tions such as R&D, test­ing, man­u­fac­tur­ing, sales, main­te­nance and train­ing, fos­ter­ing coor­di­nat­ed upstream and down­stream devel­op­ment. 

Fur­ther­more, the two will part­ner to devel­op a range of low-alti­tude emer­gency mis­sion sce­nar­ios in Bei­jing Fang­shan Dis­trict, includ­ing urban fire­fight­ing, for­est fire extin­guish­ing, indus­tri­al emer­gency res­cue, dis­as­ter relief, and inspec­tion. Beyond that, oth­er low-alti­tude appli­ca­tion sce­nar­ios, such as logis­tics trans­porta­tion, cul­tur­al tourism sight­see­ing, and pas­sen­ger trans­porta­tion, will also be explored and devel­oped. 

Wujun Gao, Deputy Head of Fang­shan Dis­trict in Bei­jing, remarked, “Fang­shan Dis­trict is con­tin­u­ous­ly improv­ing the avi­a­tion emer­gency indus­try spec­trum, gath­er­ing high-qual­i­ty enter­pris­es such as EHang to pro­vide strong sup­port for improv­ing the cap­i­tal’s emer­gency res­cue sys­tem.”

Open­ing cer­e­mo­ny of the Bei­jing Low-Alti­tude Safe­ty Emer­gency Indus­tri­al Park and demon­stra­tion of gen­er­al avi­a­tion emer­gency res­cue

Zhao Wang, Chief Oper­at­ing Offi­cer of EHang, added, “By locat­ing our Nation­al Head­quar­ters for Low-Alti­tude Emer­gency Res­cue Equip­ment in Bei­jing Fang­shan Dis­trict, we aim to lever­age its lead­ing advan­tages in avi­a­tion emer­gency ser­vices.” 

He con­tin­ued,  “EHang plans to grad­u­al­ly estab­lish region­al emer­gency res­cue cen­tres across the coun­try to enhance the safe­guard­ing of lives and prop­er­ty while advanc­ing the low-alti­tude econ­o­my indus­try toward high­er-qual­i­ty devel­op­ment.”

For more infor­ma­tion

https://www.ehang.com

(Images: EHang)

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