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HEFEI, China - EHang Holdings Limited (NASDAQ:EH), a $1.24 billion market cap company with impressive revenue growth of 87% over the last twelve months, launched its new long-range pilotless electric vertical take-off and landing (eVTOL) aircraft, the VT35, at an event in Hefei on Monday. According to InvestingPro data, the company maintains strong gross profit margins of 61.5%.
The two-seat aircraft features a tandem-wing design with eight lift propellers for vertical flight and a pusher propeller for cruise mode. According to the company, the VT35 has a range of approximately 200 kilometers when fully loaded and a maximum takeoff weight of 950 kg.
Measuring about 8 meters in length and wingspan with a height of 3 meters, the aircraft is designed to be compatible with existing EH216-S vertiports and can utilize urban takeoff and landing sites including parks, rooftops, and parking lots.
The Civil Aviation Administration of China (CAAC) accepted EHang’s type certificate application for the VT35 in March 2025. The aircraft is currently undergoing airworthiness certification with internal testing and experimental flights in progress.
EHang has priced the VT35 standard version at RMB6.5 million (approximately $900,000) for the Chinese market. The company reports that a platform company of the Hefei Municipal Government has already placed purchase orders for the aircraft.
At the launch event, EHang signed cooperation agreements with Zhejiang Zhiyi UAV Technology Co., Ltd. and Hainan Fuma General Aviation Industry Development Co., Ltd. for the purchase, promotion, and operation of the VT35.
In August, EHang and the Hefei Municipal Government signed an investment cooperation agreement to establish a VT35 series product hub in Hefei.
The information in this article is based on a press release from EHang Holdings Limited.
In other recent news, EHang Holdings Limited reported its second-quarter results, revealing revenue of RMB147 million and an adjusted net profit of RMB9.4 million. These figures represent year-over-year increases of 44% and 683%, respectively. However, the revenue numbers fell short of analyst expectations, prompting Jefferies to lower its price target for EHang to $24.38, though the firm maintained a Buy rating. EHang has also made strides in its global expansion efforts by partnering with China Road and Bridge Corporation to promote its pilotless aerial vehicles internationally. This strategic partnership aims to leverage CRBC’s global presence in over 70 countries to market EHang’s products. Additionally, EHang achieved a milestone by conducting the first pilotless human-carrying flight of its EH216-S aircraft in Africa. The demonstration took place during the 9th Aviation Africa Summit & Exhibition in Kigali, Rwanda, marking a significant step in showcasing its autonomous aerial technology.
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