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Highlights

  • Q2 revenue rose to RMB147.2 million, up 44.2% year-over-year.
  • Delivered 68 EH216 eVTOL units; trial commercial ops launched in two cities.
  • Raised US$23.8 million via ATM and secured RMB500 million government support.

EHang reported a sharp quarter of topline growth and operational milestones as it pushes commercialisation of its EH216 series. The company posted Q2 2025 revenue of RMB147.2 million (US$20.5 million), a 44.2% increase year-over-year and a 464.0% jump quarter-over-quarter, and reported a gross margin of 62.6%. Management said the quarter included delivery of 68 EH216 series units, reflecting an acceleration in shipments as trial commercial operations scale.

Operational progress was emphasised alongside commercial pilots. EHang launched EH216-S trial commercial operations in Guangzhou and Hefei and reported completing more than 10,000 safe flights in H1 2025. The company also said it received new orders for over 150 EH216 units in Q2, signalling demand interest after regulatory clearances and operator certifications that support limited commercial services.

On the financing and industrial side, EHang raised US$23.8 million through an at-the-market (ATM) equity offering during the period, which company statements say strengthened liquidity to support production ramp and product development. The firm also announced strategic partnerships with battery and component specialists including Gotion High-Tech and Minth Group, and the establishment of a VT35 product hub in Hefei backed by RMB500 million in local government support to accelerate next-generation platform development.

That progress sits alongside continuing losses and revised near-term targets. Net loss widened to RMB81.0 million and operating loss remained elevated at RMB78.1 million in the quarter, while the company disclosed a downward revision of its 2025 revenue guidance to RMB500 million. EHang also recorded RMB13.7 million in provisions related to U.S. securities class action legal proceedings—items that underscore ongoing cost and risk pressures as commercialisation proceeds.