EHang Q3 Revenue Misses Expectations, Aircraft Deliveries Decline Amid 2025 Guidance Confirmed

EHang Holdings reported Q3 2025 revenues of RMB92.5 million, with 42 units delivered. The company launched the VT35, a long-range lift and cruise pilotless vehicle, and received purchase orders from multiple regions in China. However, revenues and deliveries declined due to delayed payment schedules and high unit costs from trial production. EHang maintains a strong capital reserve of RMB1.13 billion for future investments and expansion.