EHang Holdings Limited (NASDAQ:EH) Q2 2023 Earnings Call Transcript August 17, 2023 8:00 AM ET

Company Participants

Anne Ji - Senior Director of Investor Relations

Huazhi Hu - Founder, Chairman and Chief Executive Officer

Xin Fang - Chief Operating Officer

Richard Liu - Chief Financial Officer

Conference Call Participants

Verena Jeng - Goldman Sachs

Operator

Good day ladies and gentlemen, and thank you for standing by. Welcome to EHang's Second Quarter 2023 Earnings Conference Call. As a reminder, we are recording today's call.

I will now turn the call over to Anne Ji, EHang's Senior Director and Investor Relations. Ms. Anne, you may begin.

Anne Ji

Hello, everyone. Thank you for joining us on today's conference call to discuss the company's financial results for the second quarter of 2023. The earnings release is available on the company's IR website. Please note the conference call is being recorded. An audio replay will be posted on the company's IR website.

On the call today, we have Mr. Huazhi Hu, our Founder, Chairman and Chief Executive Officer; Mr. Xin Fang, Chief Operating Officer; and Mr. Richard Liu, Chief Financial Officer. The management team will successfully give prepared remarks. Remarks delivered in Chinese will be followed by English translations. All translation is for convenience purpose only. In case of any discrepancy, the management's statement in the original language will prevail. A Q&A session will follow afterwards.

Before we continue, please note that today's discussion will contain forward-looking statements made pursuant to the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from its expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filings with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law.

Also, please note that all numbers presented are in RMB and are for the second quarter of 2023, unless stated otherwise.

With that, let me now turn the call over to our CEO, Mr. Huazhi Hu. Please go ahead, Mr. Hu.

Huazhi Hu

[Foreign Language] [interrupted] Below is the English translation of Mr. Hu's remarks.

Hello, everyone. Thank you all for joining our conference call today. Today, I'm thrilled to share an exciting news with you about our Type Certification of EH216-S Unmanned Aerial Vehicle system that we have successfully completed all the planned test and trial flights in the last phase of demonstration and verification with compliance and also completed the definitive test certification Flight Test by the CAAC. This is the last milestone before obtaining the Type Certificate and also the result of the unwavering efforts of EHang team.