EHang Withdraws Revenue Guidance Amid Regulatory Delays in China
EHang (NASDAQ:EH) withdrew its RMB600 million full-year revenue guidance for 2026 due to regulatory delays following recent aviation incidents that have led Chinese authorities to adopt a more cautious stance. The company reported second-quarter revenue of RMB77.9 million, up sharply from the first quarter but down year-over-year by 31.3%. Despite delivering 36 electric vertical takeoff and landing (eVTOL) aircraft in Q2—up significantly compared to four units a quarter earlier—the firm’s shares fell 7.1% following the results. EHang is focusing on international markets, with regulatory validation efforts underway in Hong Kong, Thailand, and Sri Lanka under its Global Fast Track Program. The company has completed nearly 100,000 flight missions across 23 countries but did not specify how many were paid passenger flights or revenue sources from other applications like logistics and firefighting. However, the firm’s financials remain challenging: cash reserves declined to RMB929.4 million by June 30 compared with year-end levels of approximately RMB1.1 billion, while losses widened in Q2 both on a GAAP and non-GAAP basis.
Tickers: $EH
Topics: international expansion regulatory delays revenue guidance