EHang Q1 Deliveries Drop to 4 Units as Loss Widens to RMB127.9 Million
EH•Deliveries of four EH216 eVTOLs in Q1 fell from 11 last year as revenues slipped to RMB25.7 million and operating loss widened to RMB127.9 million with net loss of RMB126.4 million. The company secured RMB1.03 billion cash and advanced commercial flight preparations, pilot training and EH216-S upgrades.
1. First Quarter Financial Results
EHang delivered four EH216 eVTOL aircraft in Q1, down from 11 units a year earlier, generating RMB25.7 million in revenue with a 62.5% gross margin. Operating loss widened to RMB127.9 million and net loss to RMB126.4 million, while adjusted net loss reached RMB75.6 million and cash balances stood at RMB1.03 billion.
2. Progress Toward Commercial Operations
The company’s two certified air operators have performed over 3,000 flight missions without accidents or violations, refining procedures, support systems and emergency response in preparation for public ticketed services. More than 40 operation sites are established, with commercial frameworks covering pricing, ticketing and customer service now in place.
3. EH216-S Upgrades and Training Readiness
EHang developed a battery cooling vehicle to reduce turnaround time and introduced an independent cabin air-conditioning system to improve passenger comfort in high-temperature conditions. The pilot training program for EH216-S is ready for CAAC approval, backed by a complete instructor team and training facilities aligned with new regulatory standards.
4. VT35 Certification and Aerial Media Growth
Development of the VT35 long-range lift-and-cruise eVTOL remains in the Certification Basis definition phase, with ongoing test flights and avionics design work for prototype manufacturing. The aerial media business delivered 22 shows and 1,000 GD4.0 drones in Q1, contributing roughly 40% of total revenue as demand for formation drone performances rises.
