#EHANG DRONE STOCK SERIES#

Upon completion, the Yunfu facility will play a major role in producing EHang’s flagship products, the EH216 series of passenger-grade AAVs, with a planned initial annual capacity of 600 units which can be further increased to support the growing global market needs. In addition, the Yunfu facility will include a research and training center and an outdoor flight test vertiport. It will be the home to EHang’s newest aerial vehicle assembly lines, a Computer Numerical Control (CNC) processing center, a painting workshop, and a carbon fiber composite materials processing area. Its news release explains what will take place in that facility when it opens: The building is 24,000 square meters – more than 250,000 square feet. It also released a number of photos, which show a clearly massive building with an astroturf landing pad out front (pictured above). Today, it released a number of details about its massive new manufacturing facility, which is still being completed. It has also been attempting to regain control of the narrative to help get things back on track. EHang fights backĮHang denies the allegations contained in the report, and has been steadily trying to refute the charges.

Its stock has recovered slightly, but is still at roughly half of what it was just a few days ago. In a single day, more than 50% of the company’s market capitalization was wiped off the board. Take a look at this five-day graph: Ouchhhhhhhh! One report, and EHang stock started to plummet. The company recommended short-selling the stock. EH has perpetuated its story with a collection of lies about its products, manufacturing, revenues, partnerships, and potential regulatory approval of its purported main business, an ‘autonomous” aerial vehicle “AAV’ ridesharing network. Today, we reveal why we believe EHang NASDAQ: EH is an elaborate stock promotion, built on largely fabricated revenues based on sham sales contracts with a customer who appears to us to be more interested in helping inflate the value of its investment in EH i.e., pump EH’s stock price than actually buying its products. Recently, it reached $129.80 per share, and seemed poised to keep on climbing.īut then came this report, with the following preface:

In August 2020, its stock was about $8.32. But we haven’t seen any others carrying out manned flights at a pace like EHang.Īs a result, its stock began to really climb. Yes, there are other companies that have aircraft. Though there are many companies circling around this space, EHang is clearly one of the leaders, if not the leader globally.

Ehang drone stock