亿航:VT35 机型启动首批交付并获新订单;Q3营收不及预期,净亏损符合预期;给予 “买入” 评级
亿航智能亿航智能(US:EH)2025-11-28 09:46

Exhibit 1: EH216 series AAVs delivered 42 units in 3Q25 9 16 23 22 15 3 8 4 3 7 3 6 9 4 13 23 26 49 63 78 11 68 42 - 10 20 30 40 50 60 70 80 90 Units EH216 series AAVs delivery Source: Company data, Goldman Sachs Global Investment Research VT-35 delivery started from 3Q25: The company launched VT-35 to public in Oct 2025, and received client orders from Anhui, Zhejiang, Hainan, with the initial delivery of VT-35 completed in 3Q25. The VT-35 is designed for long-range travel at ~200km and priced at Rmb6.5m. ...