Rong Zhao's questions to EHang Holdings Ltd (EH) leadership • Q2 2024
Question
Rong Zhao from CITIC Securities inquired about the company's capacity expansion plans in Guangzhou and Hefei and the expected capital expenditure over the next two years. He also asked for more information on the recent At-The-Market (ATM) financing and future financing plans.
Answer
CFO Conor Yang detailed plans to increase automation and build new facilities with GAC, aiming for an additional 1,000 units of annual production capacity next year. He projected CapEx to be around $15 million for 2024 and $20 million for 2025. Regarding financing, Mr. Yang stated that $76.2 million was raised via the ATM program, but due to strong operating cash flow, the company will not continue selling ADS under the program in 2024.