It delivered 6 of its autonomous aerial vehicles (AAVs) to the Fengshan Tourism Investment Development Co. The firm has 19 testing areas across 17 Chinese cities.įurther, EHang has developed a significant presence in the tourism sector having conducted 8,800 trial flights over sightseeing areas. However, the positive news there is that losses narrowed by 21%.ĮHang has conducted substantial trial flights throughout China. Its loss reached $12.7 million in the period. EHang, like Joby Aviation, also lost money. Revenues grew by 41.6% on a year-over-year basis. The company reported the USD equivalent of $3.2 million in sales during the first quarter. One of the best reasons to consider investing in EH shares is the fact that the company is currently making sales. EHang (EH)ĮHang (NASDAQ: EH) is one of the better flying car industry stocks to consider for investors interested in Chinese firms working in the eVTOL space. It was the first firm to complete stages 1 and 2 of the certification process. At that time, the firm boasted $978 million in liquidity so it is clearly not a going concern.įurther, it’s reasonable to expect that Joby Aviation could be the first eVTOL firm to receive full FAA approval in the future. However, Q1 results showed a $113 million net loss. The firm won’t release second-quarter earnings until August 2. That said, Joby Aviation, like many startups, continues to lose money. Joby Aviation should to deliver its first eVTOL to a customer during the same year. N fact, Joby Aviation will move two of its aircraft to Edwards Air Force Base in 2024 as part of a contract with the U.S. The company noted its strong backing across the Advanced Air Mobility (AAM) industry throughout government in its first quarter earnings report. The electric VTOL firm has very strong government backing. Joby Aviation (NYSE: JOBY) is worth investing in because it is among the pure-play flying car industry stocks.
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