GUANGZHOU, China, Dec. 31, 2024 — EHang Holdings Limited (Nasdaq: EH), a global leader in Urban Air Mobility (UAM) technology, today announced preliminary fourth-quarter and fiscal year 2024 revenue exceeding earlier projections.

• Fourth-quarter 2024 revenue is projected at RMB162 million, surpassing the RMB135 million guidance by 20% and showing a 187% year-over-year increase from RMB56.6 million in Q4 2023.
• Full-year 2024 revenue is anticipated to reach RMB454 million, exceeding the RMB427 million guidance by 6% and representing a 287% year-over-year increase from RMB117.4 million in 2023.

This strong performance reflects increased demand for EHang’s EH216-S autonomous passenger aerial vehicles, significant operational progress, and positive business momentum.

About EHang

EHang (Nasdaq: EH) is a leading global UAM technology platform company dedicated to safe, autonomous, and environmentally friendly air mobility for all. EHang provides various industries with unmanned aerial vehicle (UAV) systems and solutions for air mobility (passenger transport and logistics), smart city management, and aerial media. Its flagship EH216-S holds the world’s first type certificate, production certificate, and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. As a pioneer in advanced UAV technologies and commercial solutions within the global UAM sector, EHang continues to push the boundaries of flight technology for smart city applications. For more details, please visit .

Safe Harbor Statement

All financial figures in this release are preliminary, unaudited, and incomplete. Actual results may vary from these preliminary estimates due to standard quarter-end accounting processes and adjustments, including finalizing financial closings and operational procedures, final adjustments, and unforeseen developments. Complete financial results for the three months ending December 31, 2024, will be released according to the Company’s reporting schedule.

This press release contains forward-looking statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, identifiable by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions, are not historical facts. Forward-looking statements involve inherent risks and uncertainties. Actual results could differ materially due to factors including, but not limited to: certifications, market demand and acceptance of our products and services, UAM service commercialization, strategic partnerships, and current or future litigation. These forward-looking statements are based on current expectations, assumptions, estimates, and projections. While considered reasonable, these statements are predictions and involve known and unknown risks and uncertainties, many beyond management’s control. These risks and uncertainties could cause EHang’s actual results to differ materially from any future results implied by these statements.

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