In 2019, EHang, the Chinese producer of self-driving “air taxis,” made solid revenue growth and a narrowing total deficit in the final quarter during that year, as sales of its flying vehicles expanded.
For the three months through December, the Nasdaq-listed organization’s all out incomes arrived at 54.7 million yuan ($7.9 million), multiple occasions higher than the sum it produced in the last quarter of 2018, as per an earning report.
Overall deficits tumbled to 200,000 yuan from 30.7 million yuan over a similar period the past year. Balanced total compensation was 2.9 million yuan, contrasted and a balanced overal deficit of 25.6 million yuan in the final quarter of 2018.
A chunk of EHang’s total revenue originated from sales of what they call “air mobility solutions,” which incorporate aeronautical vehicles. The cars use “cluster management techniques centralized at a ground-based command-and-control center” to enable unmanned vehicles to travel safely and in an orderly manner.
According to a 2018 Morgan Stanley blue paper estimates, the global metropolitan air-mobility market could reach $1.5 trillion by 2040.
In 2019, EHang sold a sum of 61 passenger grade self-governing airborne vehicles, which are typically utilized for touring, public transport, medical relief and logistics, as per the income report. The organization just moved three of such vehicles in 2018.
Meanwhile, experts say, the early self-governing aerial vehicle industry actually still lacks some sort of standards to evaluate the security dangers of such vehicles.
A year ago, EHang was endorsed by the Civil Aviation Administration of China (CAAC) to steer a few projects pointed toward exploring the country’s airworthiness principles and the board systems for automated aeronautical vehicles.