EHang Asia Communacopia and Technology Key Takeaways

EHang is accelerating commercialization through public sightseeing services in China and manned flights in Mexico, following the delivery of 100 eVTOLs in late 2025.

Key Takeaways

• 1.Commercialization is accelerating, marked by the delivery of 100 eVTOLs in 4Q25 and the launch of ticketed sightseeing services in Guangzhou and Hefei in March 2026.
• 2.EHang is expanding aggressively overseas, completing the first manned flight in Mexico in May 2026 and targeting a deployment of 100+ eVTOLs in Thailand by the end of 2026.

Table of Contents

• Key Takeaways
• Valuation/Risks
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Regulatory disclosures
• Global product; distributing entities
• General disclosures

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