EHang Unveils VT35 eVTOL, Maintains Full-Year Revenue Guidance of RMB 500 Million
- Revenue Decline: EHang reported total revenues of RMB 92.5 million (approximately $13.0 million) for Q3, a 28.5% decrease from RMB 128.1 million in Q3 2024, reflecting reduced sales volume of the EH216 series and impacting short-term financial performance.
- Widening Operating Loss: The operating loss for Q3 reached RMB 91.7 million ($12.9 million), a 67.2% increase from RMB 54.7 million in Q3 2024, indicating pressure from market expansion and R&D investments.
- VT35 eVTOL Launch: EHang unveiled the VT35, featuring a design range of 200 km, aimed at expanding urban to intercity air mobility, which is expected to enhance the company's competitiveness in the advanced air mobility sector.
- Global Expansion Plans: EHang launched the AAM Sandbox Initiative in Thailand, aiming to achieve the world's first commercial eVTOL operations through an innovative regulatory framework, marking a strategic move in international market expansion and business development.
Trade with 70% Backtested Accuracy
Analyst Views on EH
About EH
About the author
Cathie Wood Doubles Down on Joby Aviation Amid JPMorgan's Short Position
- Investment Clash: Cathie Wood has been steadily increasing her stake in Joby Aviation through ARK Invest, framing it as a core investment in urban air mobility, while JPMorgan has labeled it a short idea due to its high valuation.
- Business Plan: Joby aims to launch commercial operations in Dubai by late 2026, with its first vertiport at Dubai International Airport, showcasing its ambitious plans in the urban air mobility sector.
- Production Expansion: Joby is scaling up manufacturing with a massive 700,000-square-foot facility in Ohio, targeting an increase in production capacity to four aircraft per month by 2027 from the current two, to meet future market demands.
- Market Assessment: JPMorgan critiques Joby's valuation, noting its 14x price-to-book ratio is significantly higher than competitors, while the company remains deeply unprofitable, facing cash burn and dilution risks.
EHang Holdings Appoints Shuai Feng as CTO Effective January 14, 2026
- Leadership Appointment: EHang's Board has approved Shuai Feng as Chief Technology Officer effective January 14, 2026, highlighting the company's commitment to cultivating core technical talent to drive innovation and development.
- Core Team Member: Joining EHang in July 2014, Feng has been a critical member of the founding team, contributing to the development of multiple pilotless human-carrying eVTOL products, thereby enhancing the company's technological capabilities and market competitiveness.
- Supply Chain Management: As the company enters a new phase of commercialization, Feng has taken on key responsibilities in building EHang's procurement and supply chain management systems, ensuring efficient operations under the full-industry-chain integration strategy.
- Compliance and Innovation: Serving also as Compliance Officer, Feng upholds EHang's principles of safety, compliance, innovation, and sustainability through his cross-functional leadership roles, driving dual development in technology and market.
EHang Appoints Shuai Feng as CTO to Advance Technology Strategy
- Leadership Appointment: EHang appointed Shuai Feng as Chief Technology Officer effective January 14, 2026, marking a significant milestone in the company's technology strategy aimed at systematic innovation and industrial implementation.
- Core Technology Development: Since joining EHang in 2014, Feng has played a pivotal role in developing multiple pilotless electric vertical take-off and landing (eVTOL) products, driving the commercialization of global unmanned air mobility and solidifying EHang's industry-leading position.
- Supply Chain Management Enhancement: Under Feng's leadership, EHang has strengthened its procurement and supply chain management systems, significantly enhancing capabilities for key component R&D and scaled manufacturing through improved upstream and downstream coordination and productization efficiency.
- Strategic Vision Continuity: Founder Huazhi Hu stated that Feng's appointment ensures continuity of the company's core technology strategy and talent development philosophy, supporting strategic alignment and disciplined execution as EHang enters a new phase of global expansion and commercial operations.
Earth Harmony Enhances Methylene Blue Supplement Quality with Transparency Standards
- Consumer Interest Surge: The methylene blue supplement category has seen a significant rise in consumer interest, leading brands like Earth Harmony to publish detailed manufacturing disclosures to meet the demand for pharmaceutical-grade standards, thereby enhancing their market competitiveness.
- Importance of Quality Standards: Consumers are increasingly prioritizing USP pharmaceutical-grade standards, demanding third-party testing to verify identity, potency, and purity, a trend that reflects a rigorous scrutiny of supplement quality and may influence industry norms.
- Safety Considerations: Methylene blue supplements carry risks of drug interactions, particularly with certain antidepressants that may lead to serious serotonin syndrome, necessitating consumers to thoroughly understand these risks before making purchases to ensure safe usage.
- Market Education Demand: As interest in methylene blue supplements grows, consumers are developing more specific evaluation criteria for products, emphasizing the need for manufacturing transparency and safety information, which may prompt other brands in the industry to follow suit to enhance consumer trust.
eVTOL Stocks Face Challenges as Congress Aims to Strengthen Aviation Safety Regulations
Impact of Legislative Changes: Recent legislative changes in the National Defense Authorization Act (NDAA) are putting pressure on eVTOL stocks, including Joby Aviation, Archer Aviation, EHang, and Vertical Aerospace, due to proposed restrictions on military helicopter operations.
Safety Concerns Raised: Following a fatal helicopter crash in Washington, D.C., senators are advocating for stricter aviation safety rules, including the requirement for military helicopters to use the Automatic Dependent Surveillance Broadcast (ADS-B) system, which the military opposes for security reasons.
Potential Regulatory Complications: The proposed changes could complicate aircraft certification for eVTOLs, particularly those operated autonomously, as they already utilize ADS-B systems.
Market Reactions and Future Plans: Joby Aviation plans to double its manufacturing output in the U.S., while Vertical Aerospace is viewed positively by analysts as a clean and undervalued eVTOL investment.
EHang's Future: Settlement Achieved, Ongoing Volatility, and a Focus on Long-Term Growth
Market Growth and EHang's Position: The global Urban Air Mobility market is projected to grow from $4.6 billion in 2024 to $41.5 billion by 2035, with EHang Holdings leading the way as the first company to receive full certification for its EH216-S autonomous air taxi in late 2023.
Financial Performance and Stock Volatility: EHang's stock has seen significant volatility, trading at approximately $14.02 after a peak of $29.76, with a recent Q3 2025 earnings report showing a revenue dip but maintaining a strong gross margin of 60.8%.
Legal Settlement and Strategic Focus: EHang agreed to a $1.985 million settlement for a class action lawsuit alleging misleading statements about its business, allowing the company to focus on operations and growth rather than legal battles.
Analyst Outlook and Future Potential: Analysts maintain a "Strong Buy" rating for EHang, with an average price target of $24.98, indicating a potential upside of nearly 78% as the company aims for mass commercialization of its VT35 aircraft in 2026.
Cathie Wood Doubles Down on Joby Aviation Amid JPMorgan's Short Position
- Investment Clash: Cathie Wood has been steadily increasing her stake in Joby Aviation through ARK Invest, framing it as a core investment in urban air mobility, while JPMorgan has labeled it a short idea due to its high valuation.
- Business Plan: Joby aims to launch commercial operations in Dubai by late 2026, with its first vertiport at Dubai International Airport, showcasing its ambitious plans in the urban air mobility sector.
- Production Expansion: Joby is scaling up manufacturing with a massive 700,000-square-foot facility in Ohio, targeting an increase in production capacity to four aircraft per month by 2027 from the current two, to meet future market demands.
- Market Assessment: JPMorgan critiques Joby's valuation, noting its 14x price-to-book ratio is significantly higher than competitors, while the company remains deeply unprofitable, facing cash burn and dilution risks.
EHang Holdings Appoints Shuai Feng as CTO Effective January 14, 2026
- Leadership Appointment: EHang's Board has approved Shuai Feng as Chief Technology Officer effective January 14, 2026, highlighting the company's commitment to cultivating core technical talent to drive innovation and development.
- Core Team Member: Joining EHang in July 2014, Feng has been a critical member of the founding team, contributing to the development of multiple pilotless human-carrying eVTOL products, thereby enhancing the company's technological capabilities and market competitiveness.
- Supply Chain Management: As the company enters a new phase of commercialization, Feng has taken on key responsibilities in building EHang's procurement and supply chain management systems, ensuring efficient operations under the full-industry-chain integration strategy.
- Compliance and Innovation: Serving also as Compliance Officer, Feng upholds EHang's principles of safety, compliance, innovation, and sustainability through his cross-functional leadership roles, driving dual development in technology and market.
EHang Appoints Shuai Feng as CTO to Advance Technology Strategy
- Leadership Appointment: EHang appointed Shuai Feng as Chief Technology Officer effective January 14, 2026, marking a significant milestone in the company's technology strategy aimed at systematic innovation and industrial implementation.
- Core Technology Development: Since joining EHang in 2014, Feng has played a pivotal role in developing multiple pilotless electric vertical take-off and landing (eVTOL) products, driving the commercialization of global unmanned air mobility and solidifying EHang's industry-leading position.
- Supply Chain Management Enhancement: Under Feng's leadership, EHang has strengthened its procurement and supply chain management systems, significantly enhancing capabilities for key component R&D and scaled manufacturing through improved upstream and downstream coordination and productization efficiency.
- Strategic Vision Continuity: Founder Huazhi Hu stated that Feng's appointment ensures continuity of the company's core technology strategy and talent development philosophy, supporting strategic alignment and disciplined execution as EHang enters a new phase of global expansion and commercial operations.
Earth Harmony Enhances Methylene Blue Supplement Quality with Transparency Standards
- Consumer Interest Surge: The methylene blue supplement category has seen a significant rise in consumer interest, leading brands like Earth Harmony to publish detailed manufacturing disclosures to meet the demand for pharmaceutical-grade standards, thereby enhancing their market competitiveness.
- Importance of Quality Standards: Consumers are increasingly prioritizing USP pharmaceutical-grade standards, demanding third-party testing to verify identity, potency, and purity, a trend that reflects a rigorous scrutiny of supplement quality and may influence industry norms.
- Safety Considerations: Methylene blue supplements carry risks of drug interactions, particularly with certain antidepressants that may lead to serious serotonin syndrome, necessitating consumers to thoroughly understand these risks before making purchases to ensure safe usage.
- Market Education Demand: As interest in methylene blue supplements grows, consumers are developing more specific evaluation criteria for products, emphasizing the need for manufacturing transparency and safety information, which may prompt other brands in the industry to follow suit to enhance consumer trust.
eVTOL Stocks Face Challenges as Congress Aims to Strengthen Aviation Safety Regulations
Impact of Legislative Changes: Recent legislative changes in the National Defense Authorization Act (NDAA) are putting pressure on eVTOL stocks, including Joby Aviation, Archer Aviation, EHang, and Vertical Aerospace, due to proposed restrictions on military helicopter operations.
Safety Concerns Raised: Following a fatal helicopter crash in Washington, D.C., senators are advocating for stricter aviation safety rules, including the requirement for military helicopters to use the Automatic Dependent Surveillance Broadcast (ADS-B) system, which the military opposes for security reasons.
Potential Regulatory Complications: The proposed changes could complicate aircraft certification for eVTOLs, particularly those operated autonomously, as they already utilize ADS-B systems.
Market Reactions and Future Plans: Joby Aviation plans to double its manufacturing output in the U.S., while Vertical Aerospace is viewed positively by analysts as a clean and undervalued eVTOL investment.
EHang's Future: Settlement Achieved, Ongoing Volatility, and a Focus on Long-Term Growth
Market Growth and EHang's Position: The global Urban Air Mobility market is projected to grow from $4.6 billion in 2024 to $41.5 billion by 2035, with EHang Holdings leading the way as the first company to receive full certification for its EH216-S autonomous air taxi in late 2023.
Financial Performance and Stock Volatility: EHang's stock has seen significant volatility, trading at approximately $14.02 after a peak of $29.76, with a recent Q3 2025 earnings report showing a revenue dip but maintaining a strong gross margin of 60.8%.
Legal Settlement and Strategic Focus: EHang agreed to a $1.985 million settlement for a class action lawsuit alleging misleading statements about its business, allowing the company to focus on operations and growth rather than legal battles.
Analyst Outlook and Future Potential: Analysts maintain a "Strong Buy" rating for EHang, with an average price target of $24.98, indicating a potential upside of nearly 78% as the company aims for mass commercialization of its VT35 aircraft in 2026.
