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Why EHang Holdings Is Losing Altitude Today

·2 min read
Why EHang Holdings Is Losing Altitude Today
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Chinese autonomous flying taxi start-up EHang Holdings (NASDAQ: EH) reported quarterly results overnight, and investors were underwhelmed by what they saw. Shares of EHang traded down more than 12% on Thursday morning after the company reported anemic revenue in the most recent quarter. EHang is in the process of developing an electric flying air taxi capable of vertical takeoff and landing.