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● Guangzhou , China , August 25 , 2021 -- EHang Holdings Limited ( “ EHang " or the “ Company " ) ( Nasdaq : EH ) , the world's leading autonomous aerial vehicle ( “ AAV ” ) technology platform company , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial and Operational Highlights Total revenues were RMB12.2 million ( US $ 1.9 million ) , down 65.9 % year over year . The decrease was mainly due to the strategic transition into a more operation platform - oriented model . ● ● ● ● CHANG IZAñ EH Nasdaq Listed ● EHang Reports Second Quarter 2021 Unaudited Financial Results Achieved Record High Quarterly Gross Margin Again EHang 216 AAV's CAAC Type Certification Process Prioritized Released VT - 30 Long - Range Passenger - grade AAV Completed EHang 216F's Technical Examination for Commercialization Commenced Operations of New Yunfu Production Facility ● Gross margin was 68.0 % , an increase of 10.4 percentage points year over year . The increase was mainly due to higher margin of a command - and - control system for smart city management project completed in the second quarter of 2021 . Operating loss was RMB74.9 million ( US $ 11.6 million ) , compared with operating loss of RMB 19.2 million in the second quarter of 2020 . Adjusted operating loss¹ ( non - GAAP ) was RMB49.4 million ( US $ 7.7 million ) , compared with adjusted operating loss of RMB 11.1 million in the second quarter of 2020 . Net loss was RMB74.6 million ( US $ 11.6 million ) , compared with net loss of RMB 19.7 million in the second quarter of 2020 . Sales of the EHang 216 series of passenger - grade AAVs , were 3 units , compared with 16 units in the second quarter of 2020 , as the Company is experiencing a gradual transition from a product sales focused model to an operation platform - oriented model . Second Quarter 2021 Business Highlights Adjusted net loss² ( non - GAAP ) was RMB49.1 million ( US $ 7.6 million ) , compared with adjusted net loss of RMB11.7 million in the second quarter of 2020 . The EHang 216 AAV's CAAC Type Certification Process Prioritized In January this year , the Civil Aviation Administration of China ( " CAAC " ) officially accepted EHang's Type Certification application for the EHang 216 AAV . Since April , the CAAC's designated type certification expert team has conducted several rounds of review meetings and inspections . Critical 1 Adjusted operating loss is a non - GAAP financial measure , which is defined as operating loss excluding share based compensation expenses . See " Non - GAAP Financial Measures " at the end of this press release . 2 Adjusted net loss is a non - GAAP financial measure , which is defined as net loss excluding share - based compensation expenses . See " Non - GAAP Financial Measures " at the end of this press release . 1