A：Ehang believes that technology innovation and regulation must evolve together. They are committed to ensuring public safety while also advancing urban air mobility and recognize the need for real safety data.

A：Ehang has been pushing hard on ly things, expanding globally and strengthening domestic readiness while accelerating overseas deployment. They have completed preparations across the operating cycle in China and initiated point-to-point trial operations to build experience in advance. Ehang's footprint has extended to 23 countries, including Mexico and Switzerland, and they have validated flights via a sandbox in Thailand.

A：Ehang's global fast track program is designed to help countries build a complete path from safety validation to operational standards to commercial deployment. Drawing on decade experience and engagement with C aviation authorities, it provides a standardized market entry framework.

A：Ehang is diversifying its revenue streams by developing non-passenger carrying businesses such as logistics, firefighting, and aerial beauty and media. They are also developing and validating logistics and firefighting aircraft based on their passenger-grade safety technology. Additionally, aerial media revenues have surged over 270% year over year.

A：Since Q2, ehang has streamlined the organization, refreshed the talent structure, and cut on non-essential complexities to improve efficiency. The outcomes of these efforts are expected to become visible in the second half.

A：Ehang's strategic focus is on product development, certification, durability, operating system, and commercialization. They aim to generate revenue from deliveries and cash flow.

A：Ehang's long-term vision remains unchanged, with the end goal for urban air mobility being pilotless operation. They intend to navigate the evolving regulatory framework and build a standardized operation with a view to eventually being the first through the regulatory window.

A：Eon's R&D efforts focus on three aspects: upgrading existing products and evaluating operations for current customer scenarios, accelerating R&D for new products and new applications, and developing different core underlying system capabilities.

A：The operation of Eon's aircraft has seen the completion of a series of validation tests for Eh 216, establishment of a first point-to-point test route at the Guangzhou headquarters, and an increase in daily sorties per aircraft from about 6 to 15, contributing to higher operational efficiency and unit economics.

A：For the V.T. 35, testing and developments include truck tunneling, lightning direct effect testing, Amo flight test, aerodynamic calibration, airworthiness validation, firefighting applications, cargo version development, and integration of prior work into the new configuration to ensure logistic capability continuity.

A：Eon has improved their operational system by differentiating globally for low altitude computer operations control system for operators and aircraft consumers, and a city level long integrated supervision platform for government and agencies. This includes enhanced platform situation awareness, curative supervision, and emergency response efficiency, as well as deepened system integration with the Hangzhou government Client Services Center.

A：Eon is maintaining leadership in the global low-altitude mobility market by continuing to hold product and system development to aviation-grade standards, translating technological breakthroughs into a tested, reliable, and deliverable commercial capability.

A：China's low-altitude economy has entered a more cautious phase with safety oversight, airworthiness management, and operational regulation being reinforced by new airworthiness frameworks in civil aviation laws. Recent industry safety incidents have heightened public and regulatory attention, leading to intensified safety inspections and slower progress in commercial deliveries and acceptance.

A：Eon is responding to operational challenges by being more cautious about operational expectations and resource allocations, focusing on internal efficiency through data management and AI integration, streamlining organization and focusing resources, and leveraging core technology reuse across platforms. They are also scrutinizing expenses to strengthen cash reserves and ensure sustainable operations.

A：Eon's strategic approach to growth includes improving internal efficiency through data management and AI integration, refining flight operations, current support, emergency response, and regulatory data integration; pilot training, and contingency handling. They are leveraging mature safety architecture for non-passenger products in specialized applications and evolving their business model for continuous operations and revenue predictability.

A：Projects and collaborations that are helping Eon expand internationally include continuous operations content production, measurement and outsider support, improving equipment utilization, Chongqing Leader Group and Xinying Xxi projects, international expansion in firefighting and logistics, Hainan Canal across the low altitude corridor, and selecting Eon as an early participant in the regulatory center box access truck project.

A：The expected timeline for obtaining a commercial operation permit in Thailand is by the end of the year, after the planned operational commencement in Q3. The process includes gaining an experimental flight permit and working with the local aviation authority for route planning.

A：The company is not providing guidance on commercialization in China due to uncertainty regarding recent incidents and their potential impact on the operating schedule. Management views the effect of these incidents and their potential barriers as not yet fully understood.

A：The speaker implies that there will be a significant increase in the delivery of Eh 216 models starting sometime next year, with each location requiring at least five units. This suggests an expectation of shipping a considerable number of units next year.

A：The June in-flight incident was primarily caused by human factors and has led to noticeable regulatory tightening, particularly around manned aircraft and air pilots. The incident has prompted regulators to adopt a more cautious stance toward the entire low industry.

A：The regulatory response has been more far-reaching than initially anticipated, slowing down the approval timeline for domestic carrying commercial operations. The commercial operation approval process for the Hfe project has been delayed, and the timing of regulatory clearance remains uncertain.

A：The company's focus is on executing what can be done from their site to move the industry forward, despite the regulatory tightening at the enforcement level.

A：The company is working with the local civil aviation authorities to clarify validation pathways and shorten the time from validation to market access through their overseas fast track program.

A：The company has decided not to update its full year 2026 revenue guidance and will not provide specific quantitative expectations on the revenue mix between passenger carrying and non-passenger or business segments due to uncertainties. However, based on actual operating data, air mobility revenue accounted for 92% of acute revenue, while non-passenger revenue was 8% in the past. Non-passenger revenue is expected to trend upward both in percentage and amount in the second half of the year, driven by increased deliveries for drones and other models. The revenue mix will evolve dynamically as each business line progresses.

A：There is still ongoing review and approval process with a strong emphasis on ensuring CFK (Commercial Fixedwing Aircraft). To achieve normalization of the approval process, the operational model needs to be reviewed and approved, passing regulatory review and entering regulatory operations. It also requires trial operations to transition into routine operations.

A：The company has a clear and genuine demand across all areas and is reusing some technologies from humanitarian products onto non-human carrying products. Examples include short-range emergency logistics, long-range logistics, and firefighting products. Non-DJI has reached 80% of total revenue, and the company expects this share to continue growing as the business progresses.