EHang Holdings Restricted (Nasdaq: EH) (“EHang” or the “Firm”), the world’s main autonomous aerial car (“AAV”) expertise platform firm, right this moment offers further particulars regarding its gross sales contracts with a buyer, and additional refutes the false allegations made by Wolfpack Analysis, a short-seller.
Shanghai Kunxiang Clever Know-how Co., Ltd. (“Kunxiang”) is just one of EHang’s many purchasers and it’s not a associated get together of EHang. Set forth under are particulars regarding EHang’s gross sales to Kunxiang.
1. In 2019, EHang generated revenues of RMB29.2 million (US$four.2 million) from Kunxiang, representing 24% of its whole revenues for a similar interval.
2. These revenues have been completely associated to the 2 gross sales contracts: (i) a contract dated February 1, 2019 for the sale of three passenger-grade AAVs and (ii) a contract dated June three, 2019 for the sale of 20 passenger-grade AAVs.
three. The desk under units out the small print regarding the Firm’s gross sales to Kunxiang in 2019:
Whole models offered to Kunxiang in 201922 (21 models of EH 216 and 1 unit of EH 116)Contract unit worth (inclusive of VAT of 13%)RMB1.5 millionEx-VAT unit worth (unique of VAT of 13%)RMB1.327 millionRevenues from gross sales to KunxiangRMB29.2 millionPercentage of revenues from gross sales to Kunxiang within the whole revenues in 201924%
four. Please see under for extra particulars regarding the 22 models of passenger-grade AAVs offered to Kunxiang in 2019:
Reference No.MannequinDelivered Location1.EH21000002EH116Suzhou, Jiangsu Province2.EH21000004EH216Dalian, Liaoning Province3.EH21000006EH216Kashgar, Xinjiang Province4.EH21000007EH216Suzhou, Jiangsu Province5.EH21000015EH216Changchun, Jilin Province6.EH21000016EH216Hengyang, Hunan Province7.EH21000017EH216Dalian, Liaoning Province8.EH21000018EH216Dalian, Liaoning Province9.EH21000019EH216Turpan, Xinjiang Province10.EH21000021EH216Dalian, Liaoning Province11.EH21000022EH216Taizhou, Zhejiang Province12.EH22000001EH216Dalian, Liaoning Province13.EH22000002EH216Yangjiang, Guangdong Province14.EH22000003EH216Taizhou, Zhejiang Province15.EH22000004EH216Yangjiang, Guangdong Province16.EH22000005EH216Shijiazhuang, Hebei Province17.EH22000006EH216Yangjiang, Guangdong Province18.EH22000007EH216Yangjiang, Guangdong Province19.EH22000011EH216Ningbo, Zhejiang Province20.EH22000015EH216Worldwide21.EH22000016EH216Worldwide22.EH22000017EH216Worldwide
5. Roughly 71% of the revenues the Firm generated from gross sales to Kunxiang in 2019 has been collected.
6. With EHang’s passenger-grade AAVs, Kunxiang has explored companies in plenty of areas, together with aerial sightseeing, emergency transportation and aerial firefighting in numerous places. In accordance with Kunxiang and publicly obtainable info, Kunxiang has carried out collection of trial flight actions of EH216 in 17 cities throughout China, together with Changchun, Yantai, Suzhou, Turpan, Shenyang, Hangzhou, Yangjiang, Panjin, Harbin, Lanzhou, Tianjin, Ningbo, Shijiazhuang, Dalian, Xi’an, Hengyang and Fuxin, amongst others in further to its inside trial flight actions. Most of those actions have been reported by media. Detailed info will be present in a video of chosen public trial flight actions at Kunxiang’s Douyin (the Chinese language model of TikTok) account (ID: 2211017075) and by way of this YouTube channel (hyperlink).
7. Kunxiang is a buyer that focuses on aerial tourism as its core enterprise. As a frontrunner in AAV expertise, EHang has developed options for a broad vary of functions, reminiscent of aerial transportation, logistics, aerial tourism, aerial firefighting, sensible metropolis administration and aerial media. EHang has attracted plenty of clients and strategic companions, together with personal corporations, multinational corporations and native governments each in China and overseas. As beforehand communicated, Kunxiang is now not the biggest buyer of EHang within the fiscal 12 months ended December 31, 2020.
EHang is within the technique of taking authorized actions in opposition to Wolfpack Analysis for its malicious act and false allegations with a purpose to defend the pursuits of the Firm and its shareholders.
EHang (Nasdaq: EH) is the world’s main autonomous aerial car (AAV) expertise platform firm. Our mission is to make secure, autonomous, and eco-friendly air mobility accessible to everybody. EHang offers clients in varied industries with AAV merchandise and industrial options: air mobility (together with passenger transportation and logistics), sensible metropolis administration, and aerial media options. Because the forerunner of cutting-edge AAV applied sciences and industrial options within the world City Air Mobility (UAM) business, EHang continues to discover the boundaries of the sky to make flying applied sciences profit our life in sensible cities. For extra info, please go to www.ehang.com.
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