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1 August 25, 2026 EHang Holdings Limited Q2 2026 Operational & Financial Highlights www.ehang.com 1 Note: The photo shows EH216-S’s flight in Switzerland, in July 2026.
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2 Disclaimer These materials have been prepared by EHang Holdings Limited (the “Company”) solely for informational purposes and have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in these materials. None of the Company, its subsidiaries, affiliates, controlling persons, directors, supervisors, officers, partners, employees, advisors, and representatives of any of the foregoing shall have any responsibility or liability whatsoever, as a result of negligence or otherwise, for any loss howsoever arising from any information or opinions presented or contained in or derived from these materials. The information and opinions presented or contained in these materials is subject to change without notice and shall only be considered current as of the date of the presentation. This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. These statements can be recognized by the use of words such as “expect,” “plan,” “will,” “estimate,” “project,” “intend,” or words of similar meaning. These forward-looking statements are made only and are based on estimates and information available to the Company, as of the date of this presentation, and are not guarantees of future performance. These statements are based on a number of assumptions which are subject to known and unknown risks, uncertainties and other factors that are beyond the Company’s control, which could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to, the political, social, legal and economic environment in which the Company will operate in the future. The Company and its affiliates and representatives undertake no obligation to update or revise these forward- looking statements for events or circumstances that occur subsequent to the date of this presentation. Actual results could differ materially from those anticipated in forward-looking statements and future results could materially differ from our historical performance. This presentation is not and does not constitute or form part of, and is not made in connection with, any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of any entity, and neither this presentation nor anything contained in it shall form the basis of, or be relied upon in connection with, any contract or investment decision. Certain data in this presentation was obtained from various external data sources, and the Company has not verified such data with independent sources. Accordingly, the Company makes no representations as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject to change based on various factors. The figures in this document may have been subject to rounding. This presentation speaks as of August 25, 2026. The information presented or contained in this presentation is subject to change without notice. Neither the delivery of this presentation nor any further discussions of the Company, any of its affiliates, shareholders, directors, employees, agents or advisors with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. These materials are being given solely for your use and may not be retained, copied, reproduced, redistributed or otherwise disclosed, directly or indirectly to any other person in any manner, or published, in whole or in part, for any purpose. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.
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3 Business Highlights for Q2 2026 and Recent Developments Note: The photo shows EH216-S’s flight in Switzerland, in July 2026.
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4 • Quarterly Revenues Increased by 203.5% QoQ • Broadened Revenue Sources beyond Passenger Mobility • Advanced Regulatory Sandbox Programs in Thailand and Hong Kong • Launched Global Fast Track Program to Accelerate Overseas Market Entry and Commercialization Highlights for Q2 2026 4
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5 Operational and Financial Performance for Q2 2026 5 Note: 1) Adjusted net income (loss) is a non - GAAP financial measure, which is defined as net income (loss) excluding share - based compensa tion expenses and certain non - operational expenses. Million RMB Gross Margin 61.2% Sales and Deliveries of Products 36 units eVTOL aircrafts 520 units of GD4.0 formation drones Revenues 77.9 Million RMB Adjusted Net Loss 1) 58.5 Million RMB 203.5% Net Loss 128.3 Million RMB QoQ Increase
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6 Deepening Domestic Operational Readiness and Standardizing Operational Capabilities Standardizing certifications, operating data, know-how and safety management capabilities into replicable solutions OC Sites Operational Systems Continued to strengthen the end- to-end operational systems at Guangzhou and Hefei sites, covering: • Personnel training • Operational support • Insurance services • Airspace coordination • Emergency response Routine trial operations remained safe and stable for 17 months A-to-B Route Trial Operations At Guangzhou headquarters, the first point-to-point test route has entered internal trial operation, further validating: • Route planning • Ground support • Multi-aircraft dispatching • Contingency response capabilities Practical Application Scenarios Yunnan: Low-altitude routes across Erhai Lake in Dali Hainan: Cross-sea low-altitude corridor project in Lingao, in cooperation with China Construction Sixth Engineering Bureau Hong Kong: Selected into the “Low- Altitude Economy Regulatory Sandbox X” Trial Projects and has commenced flight validation Enhance EH216-S Operational Support • Battery cooling vehicle increases daily utilization to 12–15 flights per aircraft • Independent air-conditioning systems reduces cabin temperature by 10–15°C • Support greater efficiency, passenger comfort and future scaled operations Note: The photo shows EH216-S’s flight in Yunnan in June 2026.
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7 Expanding Overseas Markets and Building a Standardized, Replicable Global Market Entry Model Continued to accelerate the deployment of its pilotless eVTOL technologies and operational systems overseas Mexico | May 2026 Switzerland | July 2026 Kazakhstan | August 2026 Footprint Expansion 23 countries, nearly 100K safe flights Thailand — AAM Sandbox • Continued local flight validation and commercial operation preparations • A clear regulatory pathway has been established with the CAAT • The goal of obtaining a commercial operation certificate within 2026 Market Entry Framework – “Global Fast Track Program” EHang Global Fast Track Program A structured and accelerated pathway for introducing pilotless eVTOL operations in international markets Program coverage A replicable, four-phase roadmap: 1. Framework alignment 2. Sandbox build-out 3. Validation flights 4. Commercial launch Sri Lanka • The inaugural market under the initiative • Advancing toward sandbox commercialization subject to applicable regulatory, technical, operational and safety assessments The Company is also exploring similar collaboration pathways in other international markets
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8 Expanding the Product Portfolio and Application Scenarios to Diversify Growth Drivers Leveraging aviation-grade technologies and safety capabilities to expand into non-passenger applications Aerial Media • Continued to expand GD-series formation drone sales and drone show services • Further developing recurring venue- based performances alongside one-off large-scale events • Expanding the business into Japan, Thailand and Europe, enhancing sustainability and replicability eVTOL Portfolio Expansion • Advancing product development and testing based on real customer demand • Trial applications in - Port logistics - Forest firefighting • Continued to advance the development and airworthiness certification of the VT35 long-range lift-and-cruise eVTOL through ongoing testing and trial flights Urban Low-altitude Flight Management Platform • Further integration with Hefei government’s city-level flight service system • Support future large-scale, high-density urban low-altitude operations
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9 Financial Performance for Q2 2026 Note: The photo shows EH216-S’s flight in Kazakhstan, in August 2026.
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10 Condensed Consolidated Balance Sheets (RMB '000) As of December 31, 2025 （Unaudited） As of June 30, 2026 （Unaudited） Current assets: Cash and cash equivalents 256,400 209,198 Short-term investments 843,232 692,744 Restricted short-term deposits 29,655 - Accounts receivable, net 111,670 86,765 Inventories 101,634 132,230 Prepayments and other current assets 140,922 152,897 Total current assets 1,483,513 1,273,834 Non-current assets: Property and equipment, net 258,050 271,202 Treasury Investment - 27,466 Operating lease right-of-use assets, net 116,468 127,404 Others, net 133,502 146,711 Total non-current assets 508,020 572,783 Total assets 1,991,533 1,846,617 Current liabilities: Short-term bank loans 229,611 292,523 Accounts payable 132,509 124,237 Contract liabilities 60,839 59,473 Current portion of long-term bank loans 9,800 18,000 Accrued expenses and other liabilities 263,439 169,888 Current portion of lease liabilities 16,278 26,794 Others, net 3,321 755 Total current liabilities 715,797 691,670 Non-current liabilities: Long-term bank loans 82,700 121,000 Lease liabilities 114,246 119,751 Others, net 10,448 9,306 Total non-current liabilities 207,394 250,057 Total liabilities 923,191 941,727 Total shareholders’ equity 1,068,342 904,890 Total liabilities and shareholders’ equity 1,991,533 1,846,617
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11 Condensed Consolidated Statements of Comprehensive Loss (RMB '000) 2025 Q2 (Unaudited) 2026 Q1 (Unaudited) 2026 Q2 (Unaudited) Total revenues 113,321 25,660 77,887 Costs of revenues (43,640) (9,621) (30,187) Gross profit 69,681 16,039 47,700 Operating expenses: Sales and marketing expenses (41,132) (23,916) (34,427) General and administrative expenses (73,765) (67,749) (84,108) Research and development expenses (57,579) (60,080) (63,798) Total operating expenses (172,476) (151,745) (182,333) Other operating income 2,734 7,798 2,894 Operating loss (100,061) (127,908) (131,739) Other income (expenses): Interest income 11,673 10,396 8,989 Interest expenses (997) (2,324) (2,267) Foreign exchange gain (loss) 1,774 (3,475) (348) Other non-operating (expenses) income, net (13,747) 492 287 Total other (expense) income (1,297) 5,089 6,661 Loss before income tax and loss from equity method investments (101,358) (122,819) (125,078) Income tax (expenses) benefits (114) (117) 770 Loss before loss from equity method investments (101,472) (122,936) (124,308) Loss from equity method investments (1,487) (3,426) (3,943) Net loss (102,959) (126,362) (128,251) Net loss attributable to non-controlling interests 220 401 553 Net loss attributable to ordinary shareholders (102,739) (125,961) (127,698)
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12 Upcoming Events AUG 31 Hong Kong, China Goldman Sachs Asia Leaders Conference 2026 Hong Kong, China Sep 21 BofA Asia Pacific Conference SEP 22-23 Citi's 2026 China Industrial SMID Transport Conference NOV 11-13 Citi's 2026 China Conference Shenzhen, China Nov 16-18 J.P. Morgan APAC Technology, Innovation and Growth Conference Hong Kong, China Hong Kong, China SEP 16-18 CCB International (Singapore) 2026 China Investment Conference Singapore
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13 THANK YOU www.ehang.com Investor Contact: ir@ehang.com 13