EHang partners with Hefei government to establish a VT35 eVTOL product hub, investing RMB 1 billion to enhance urban air mobility.
Quiver AI Summary
EHang Holdings Limited, a leader in urban air mobility technology, has signed an investment cooperation agreement with the Hefei government to set up a product hub for its new VT35 series of electric vertical takeoff and landing (eVTOL) aircraft. This partnership involves a collaboration worth approximately RMB 1 billion, which will enhance various aspects of the VT35 series, including research and development, manufacturing, and certification. The VT35 is designed for long-range passenger transport and incorporates advanced flight control systems. EHang's recent milestones include launching commercial flights and developing new battery technology. Hefei's government supports this initiative, hoping to strengthen the city’s low-altitude economy and attract more projects. EHang's CEO emphasized that the collaboration with Hefei accelerates the development of safe and scalable air mobility solutions.
Potential Positives
- EHang has signed a substantial investment cooperation agreement with the Hefei government, with a total estimated investment of approximately RMB 1 billion, significantly enhancing its operational capacity and strategic position in the region.
- The establishment of a comprehensive product hub for the VT35 series in Hefei will support various critical operations like R&D, testing, and manufacturing, which is expected to accelerate the industrialization of EHang's advanced air mobility solutions.
- The partnership includes significant government support of around RMB 500 million, which will facilitate orders and investments for EHang's eVTOL products, strengthening its market presence.
Potential Negatives
- Significant regulatory challenges may delay the airworthiness certification process for the VT35 series, impacting production timelines and financial projections.
- The dependency on the Hefei government for financial support may raise concerns about the sustainability of EHang's business model without external aid.
- Previous litigation and potential legal challenges could pose risks to the company’s operational and financial stability as they pursue new product certifications and market acceptance.
FAQ
What is the new investment agreement EHang has signed?
EHang has signed an investment cooperation agreement with the Hefei government to establish a product hub for the VT35 eVTOL series.
What is the VT35 series?
The VT35 series consists of long-range, pilotless electric vertical takeoff and landing aircraft designed for medium to long-distance transport.
What support will EHang receive from the Hefei government?
The Hefei government will provide EHang with support valued at approximately RMB 500 million, including orders and other forms of cooperation.
What certifications is EHang pursuing for the VT35?
EHang is pursuing Type Certificate, Production Certificate, and Standard Airworthiness Certificate for the VT35, currently under airworthiness review by CAAC.
How will the VT35 series impact urban air mobility?
The VT35 series aims to enhance urban air mobility through services like passenger transport, logistics, and emergency rescue in Hefei and East China.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EH Hedge Fund Activity
We have seen 43 institutional investors add shares of $EH stock to their portfolio, and 56 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 761,132 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,900,047
- CUBIST SYSTEMATIC STRATEGIES, LLC removed 684,103 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,876,028
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 557,539 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $9,678,877
- CANADA PENSION PLAN INVESTMENT BOARD removed 390,700 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $6,782,552
- BNP PARIBAS FINANCIAL MARKETS removed 360,300 shares (-91.8%) from their portfolio in Q2 2025, for an estimated $6,254,808
- VANGUARD GROUP INC added 312,170 shares (+18.9%) to their portfolio in Q2 2025, for an estimated $5,419,271
- KADENSA CAPITAL LTD added 304,757 shares (+40.1%) to their portfolio in Q2 2025, for an estimated $5,290,581
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$EH Analyst Ratings
Wall Street analysts have issued reports on $EH in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 08/21/2025
- B of A Securities issued a "Buy" rating on 05/27/2025
- Jefferies issued a "Buy" rating on 05/05/2025
- Deutsche Bank issued a "Buy" rating on 04/14/2025
To track analyst ratings and price targets for $EH, check out Quiver Quantitative's $EH forecast page.
$EH Price Targets
Multiple analysts have issued price targets for $EH recently. We have seen 4 analysts offer price targets for $EH in the last 6 months, with a median target of $25.0.
Here are some recent targets:
- An analyst from JP Morgan set a target price of $26.0 on 08/21/2025
- Fiona Liang from B of A Securities set a target price of $24.0 on 05/27/2025
- Alan Lau from Jefferies set a target price of $30.4 on 05/05/2025
- Edison Yu from Deutsche Bank set a target price of $20.0 on 04/14/2025
Full Release
GUANGZHOU, China, Aug. 26, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it has signed an investment cooperation agreement with the Hefei government. Under the agreement, EHang will establish its product hub for the VT35 series in Hefei. The VT35 series is EHang’s new generation of long‑range, lift‑and‑cruise, pilotless, electric vertical takeoff and landing (eVTOL) products. The parties plan to jointly invest in and establish a comprehensive base for VT35 series products in Hefei, covering R&D, testing, manufacturing, airworthiness certification, supply chain management, sales, operations, and talent development.
This partnership represents a significant upgrade in EHang’s strategic layout at its East China Regional Headquarters in Hefei and accelerates industrialization of the VT35 series. The total investment in this partnership is estimated to be approximately RMB 1 billion. In addition, the Hefei government plans to provide EHang with comprehensive support valued at approximately RMB 500 million, including orders for eVTOL aircraft, investments, or other forms of cooperation across the industry chain.
The VT35 is EHang’s next-generation, long-range, lift-and-cruise, pilotless, passenger-carrying eVTOL aircraft. It is designed for medium- to long-distance air mobility, including intercity, cross-sea, and cross-mountain transport. Building on the VT30 prototype, the VT35 introduces major upgrades such as advanced autonomous flight control and propulsion systems. With EHang’s proprietary autonomous flight operation and command-and-control system technologies, the VT35 delivers breakthrough improvements in both design and reliability.
EHang’s Type Certificate (“TC”) application for the VT35 was officially accepted by the Civil Aviation Administration of China (“CAAC”) in February 2025 and is currently under airworthiness review process. EHang plans to carry out airworthiness certification work for the VT35 in Hefei, aiming to obtain the TC, Production Certificate (“PC”), and Standard Airworthiness Certificate (“AC”) for the VT35. Further, the Company will assist its joint venture Hefei Heyi Aviation Co., Ltd. in applying for the first Air Operator Certificate (“OC”) for the VT35. These efforts will enable a wide range of operations—including urban and intercity passenger transport, logistics, and emergency rescue in Hefei and the broader East China region.
Mr. Gaoyun Fei, Secretary of the CPC Hefei Municipal Committee, stated that EHang is a global leader in urban air mobility technology. In recent years, EHang has worked closely with Hefei, achieving growth together and making significant contributions to the city's low-altitude economy. Mr. Fei expressed hope that EHang will continue to grow in Hefei, strengthen cooperation with universities, research institutions and leading companies, and help bring more advanced technologies to the city. He also encouraged EHang to attract more high-quality projects, expand into areas such as logistics, fire protection, and tourism, and work together to improve the low-altitude economy's industrial ecosystem.
Mr. Huazhi Hu, Founder, Chairman, and CEO of EHang, remarked, “Since we partnered with Hefei in 2023, we have reached many important milestones. These include launching EH216-S commercial flights, achieving a breakthrough in solid-state lithium eVTOL battery technology, and establishing the VT35 series product hub. Each step brings our shared vision closer to reality. Hefei's strong supply chain and forward-thinking policies help us turn the city into a real-world innovation ground. Here, research and development, certification, manufacturing, and daily operations all happen together. By working with Hefei, we will speed up the development of safe and scalable advanced air mobility and drive high-quality growth in the region.”
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s flagship product EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China (“CAAC”). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
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