US Stock Market Move | eVTOL quarterly delivery volume reaches a record high EHang Holdings Ltd. Sponsored ADR Class A (EH.US) opened high and then fell nearly 2%

On Wednesday, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) opened higher but quickly fell by nearly 2%, now trading at $22.04. On the news front, the company announced its fourth-quarter financial results for 2024, with quarterly and annual revenue reaching record highs, increasing by 190.2% and 288.5% year-on-year, respectively. The company delivered 216 eVTOL aircraft in the year, and 78 EH216 series eVTOL aircraft in the quarter, setting a record for the highest single quarter deliveries. In addition, the company has achieved Non-GAAP profitability for three consecutive quarters and for the first time for the full year, as well as achieving positive operating cash flow for five consecutive quarters and for the first time for the full year.