For the fourth quarter, the company expects revenues of RMB162 million (up 187% year over year), compared to the prior guidance of around RMB135 million.

For FY24, EHang projects revenues of RMB454 million (up 287% year over year) compared to the prior outlook of RMB427 million.

In USD, revenue is projected to be around $22.19 million (consensus $18.729 million) in the fourth quarter and about $62.20 million (consensus $58.545 million) in FY24.

This performance reflects greater-than-anticipated demand for the EH216-S pilotless aerial vehicles, significant operational milestones, and momentum in the company's business growth.

In November, EHang reported third-quarter revenue of $18.258 million, beating the consensus of $16.243 million and adjusted EPS loss of $(0.10), exceeding the street view of $(0.12).

Last week, the company signed a project cooperation agreement with the Management Committee of the Torch High-Tech Industrial Development Zone in Weihai City, Shandong Province.

The partnership aims to advance industry collaboration on pilotless eVTOLs, supporting the rapid growth of China’s low-altitude economy.

Price Action: EH shares are up 5.08% at $16.45 premarket at the last check Tuesday.

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