US Stock Market Move | Q3 delivery of unmanned aerial vehicles (eVTOL) by EHang Holdings Ltd. Sponsored ADR Class A (EH.US) fell nearly 2% before the market opened.

On Wednesday, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) fell nearly 2% in pre-market trading, to $13.19. On the news front, the company's third-quarter revenue fell year-on-year to 92.5 million yuan, with a net loss of 82.1 million yuan, while delivering 42 unmanned eVTOLs during the period. EHang Holdings Ltd. Sponsored ADR Class A stated that most eVTOL deliveries for this year are scheduled for the fourth quarter, and the company maintains its expectation of annual revenue of around 500 million yuan. As the only domestically certified eVTOL company, EHang Holdings Ltd. Sponsored ADR Class A delivered 42 unmanned eVTOLs in the third quarter, including 41 EH216 series products and the first VT35. This number is lower than the 63 units delivered in the same period last year and the 68 units delivered in the previous quarter, which also impacted the performance of EHang Holdings Ltd. Sponsored ADR Class A. Regarding the third-quarter operational performance, EHang Holdings Ltd. Sponsored ADR Class A Chief Financial Officer Yang Jiahong stated that customer purchase plans are mainly on an annual basis, with most deliveries scheduled for the fourth quarter, hence maintaining the expectation of annual revenue of around 500 million yuan. "With a stronger product portfolio and ongoing improvements in commercial operations in domestic and international markets, we remain confident in maintaining long-term, high-quality growth," Yang Jiahong emphasized.