James Zhu

James Zhu from UBS Group AG asked about EHang's strategy for expanding into non-passenger businesses like firefighting, drone light shows, and inspection, and their anticipated contribution to the company's overall revenue and profit.

Answer

Zhao Wang, COO, and Huazhi Hu, CEO, clarified that both manned and unmanned businesses are crucial for the low-altitude economy. They emphasized EHang's decade of R&D covers various eVTOL sizes and applications, including the 216 series (S, L, F, LF variants) and the new VT35 series, aiming to maximize technology use and diversify revenue streams. They stated that as manned operations stabilize, focus is expanding to non-passenger segments to build a comprehensive product portfolio and generate cash flow, expecting a richer product mix and revenue composition in the future.

James Zhu from UBS asked about EHang's strategy for expanding into non-passenger businesses, such as firefighting, formation performance, and inspection drones. He sought clarification on the expected revenue and profit contributions from these new ventures.

Answer

Zhao Wang, Chief Operating Officer of EHang Holdings Limited, explained that both manned and unmanned businesses are crucial to the low-altitude economy. He clarified that the EH216 is a series including logistics (216L), city firefighting (216F), and forest fire extinguishing (216LF) variants, in addition to the manned 216S. Huazhi Hu, Founder, Chairman, and CEO, added that the newly launched VT35 also has logistics and other functional variants. Zhao Wang emphasized maximizing technology use to produce more models, diversify revenue streams, and capture market share across the low-altitude economy. He stated that as manned operations stabilize, EHang is expanding teams and focusing on non-passenger businesses to build a comprehensive product portfolio and generate cash flow, aiming for a more diversified and resilient revenue structure.