EHang receives order for 50 pilotless aircraft from Guizhou Tourism

GUANGZHOU - EHang Holdings Limited (NASDAQ:EH), a $1.22 billion market cap company with impressive revenue growth of 168% over the last twelve months, has secured a purchase order for 50 units of its EH216-S pilotless electric vertical take-off and landing aircraft from Guizhou Scenic Tourism Development Co., Ltd., according to a press release statement issued Monday.

The aircraft will be deployed across scenic areas operated by Guizhou Tourism Group to provide low-altitude aerial tourism and sightseeing services. The company, which maintains strong gross profit margins of 61% and a healthy current ratio of 2.68, has also reached a cooperation agreement with the Management Committee of the Economic and Technological Development Zone of Anshun City in Guizhou province. According to InvestingPro analysis, EHang is currently trading near its Fair Value, with analysts projecting significant sales growth of 96% for the current fiscal year.

Guizhou province, known for its diverse landscapes and tourism resources, has been identified as a suitable environment for pilotless eVTOL applications. The provincial government’s 2025 Work Report highlights the development of the low-altitude economy as a priority.

"Guizhou Tourism Group has always been committed to pioneering innovation in Guizhou’s tourism sector," said Yusheng Meng, Deputy General Manager of Guizhou Tourism Group. "The introduction of the EH216-S pilotless human-carrying aircraft brings a new vitality and dimension to our scenic areas."

The order comes after EHang received China’s first batch of Operation Certificates for pilotless human-carrying aircraft. The EH216-S has previously obtained type certificate, production certificate, and standard airworthiness certificate from the Civil Aviation Administration of China.

Zhao Wang, Chief Operating Officer of EHang, described the purchase order as "a significant milestone in EHang’s strategic expansion into low-altitude tourism" and noted it demonstrates "the market’s growing confidence in the promising future of the low-altitude economy."

Guizhou Tourism Group serves as the province’s core tourism operator and manages several scenic areas including the Jiabang Rice Terraces in Congjiang, Basha Miao Village, and Yunfeng Tunpu in Anshun. For deeper insights into EHang’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you can access the detailed Pro Research Report covering what really matters for informed investment decisions.

In other recent news, EHang Holdings Limited has been active with significant developments. The company announced that its EH216-S pilotless aircraft successfully completed its first human-carrying flights in Indonesia, marking a milestone in its global expansion efforts. Meanwhile, EHang has secured an order for 41 EH216-S aircraft from Jilin Province, China, intended for use in low-altitude sightseeing and urban emergency response. This strategic cooperation with Jingyue High-tech Industrial Development Zone aims to advance eVTOL applications in cold-climate regions.

Analyst firms have also been weighing in on EHang’s prospects. BofA Securities adjusted its price target for EHang from $26 to $24, maintaining a Buy rating despite a significant decline in first-quarter 2025 sales, attributed to lower-than-expected deliveries. Jefferies initiated coverage with a Buy rating and a price target of $30.40, citing the expanding total addressable market for eVTOL technology and EHang’s strategic positioning in the industry. The firm likened EHang’s business model to a combination of "Tesla+Uber" in the low-altitude economy space.

EHang’s progress in securing necessary certifications has been highlighted, with the company obtaining the world’s first pilotless eVTOL air operator certificate from China’s aviation authority. This certification is expected to expedite deliveries of over 1,000 units from client intent orders, potentially boosting the company’s annual revenue. These recent developments underscore EHang’s active role in advancing urban air mobility and its potential for growth in the emerging eVTOL market.

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