Most eVTOL aircraft developers are several years away from even generating revenues and any sort of meaningful account of cash flow and profitability. But on March 24 China’s EHang published fourth-quarter and full-year 2019 unaudited financial results showing growth, albeit from a low starting point for the Nasdaq-listed company.
As of the end of December, EHang had delivered 60 examples of its two-seat 216 Autonomous Aerial Vehicle and 1 of the single-seat 116 model even though the aircraft have yet to achieve type certification. Deliveries have been made to a number of “partners” worldwide who appear to be acting as dealers for the all-electric aircraft. The company also earns some money from conducting light displays using drones and other services.
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