- EHang's price has fallen substantially in the last few months due to a poorly performing Chinese stock market as well as a sudden strategy shift that caused revenue to decline.
- The company recently decided to change its strategy from being an OEM to providing air taxi services to generate high margin recurring revenue.
- In addition, the company unveiled the VT-30, making it one of the few eVTOL companies to have more than 1 model ready for flight.
- With several eVTOL companies with much higher risk coming public through SPAC at billion dollar valuations, I think EH should be worth far more than its current valuation.
For further details see:
EHang Stock: Looking At The Big Picture