FutureFlight On The Radar
EHang Pushes Back Against Wolfpack's Claims That It Has Misled the Market on Aircraft Sales and More
A report by short-selling advocate Wolfpack Research accuses the Chinese eVTOL aircraft developer of deception over reported sales and the status of efforts to complete type certification and approval for its products.

EHang has strongly refuted claims by Wolfpack Research that the eVTOL aircraft developer is “a stock promotion destined to crash and burn.” In a statement issued late on February 16 in response to a report issued earlier in the day by the self-proclaimed “activist research firm” that largely focused on taking short positions on equities, the Chinese company said that the accusations made by Wolfpack were based on “numerous errors, unsubstantiated statements, and misinterpretation of information.”

In trading on New York’s Nasdaq exchange, EHang’s stock closed the day almost 63 percent down at $46.31. This ended a surge that had seen the stock peak at $124.09 as recently as February 12, more than halving the company’s valuation from above $6 billion to just over $2.5 billion.