#1CHANG IZAR EH Nasdaq Listed EHang Enabling Safe, Autonomous, Eco-friendly Air Mobility January 2024 CHANGIZAR - H WARWIC 20242 www. HANG 216 REFRE PEFORE 1#2Disclaimer 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. 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These factors include but are not limited to those relating to our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. 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. 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CHANGIZAR 2#3EHang in Numbers The world's leading Urban Air Mobility (UAM) technology platform company Enabling safe, autonomous and eco-friendly air mobility for everyone (2014) Company founded Safe, autonomous trial and demo flights 1) (1st) Autonomous eVTOL launched in 2016 (~45,000 (65.9%) (633) Issued and pending patents in China 2) CHANG IZAR 1st Publicly traded UAM technology company Gross margin of fiscal year 2022 1) Cumulative data as of December 31, 2023, including the flight records of EH184, EH116, and EH216 series in 14 countries across Asia, Europe and Americas 2) Cumulative data as of March 31, 2023 3) As of December 31, 2022 1st Pilotless eVTOL TC and standard AC from CAAC (55.7%) R&D employees OCHANGIZAR 3#4Massive Unlocked UAM Market Opportunity Total Addressable Market: US$1tn by 2040, US$9tn by 2050 "If you're bullish on autonomous cars, it's time to start looking at autonomous aircraft." Morgan Stanley | ARCH December 2, 2018 10:00 PM GMT BLUEPAPER Urban Air Mobility Flying Cars: Investment Implications of Autonomous Urban Air Mobility If you're bullish on autonomous cars, it's time to start looking at autonomous aircraft. To make this complex topic accessible, we collaborated across sectors and regions, using scenario analysis to size the addressable market - - $1.5tn in our base case by 2040. Logistics is leading the way. alphawise a davvet veless restore est desec of Morgandancy Resean invoicederaan ang ating sa decision Tapitechcoction cat bymetinimesen Compokwengecey Morgan Stanley | RESEARCH May 6, 2021 1043 PM GMT GLOBAL FOUNDATION Urban Air Mobility eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky's the Limit The MS team decreases the Urban Air Mobility TAM base case to $1tn by 2040, but rails out projections until 2050, when the TAM is projected to be $9th. We don't think investors are prepared for the scope of this revolution. However, they must consider a host of regulatory factors that may slow adoption. Urine sees de business with companies covers Morgen Storey Teresinesions shoebe that the cate tutte oferty Mogany Resean vesten shodder Morgan Starity Rewysgefactor mengorevesiver For analyse and other importancescocesare Sation cat China is estimated to be the world's largest regional UAM market, accounting for nearly 30% of the global UAM market. $bn 1,500 1,000 500 0 Urban Air Mobility Global Total Addressable Market (Base Case) 4 5 2018 7 25 2020 2022 72 96 123 2024 Source: Morgan Stanley Research 156 2026 189 ☐ROW 231 2028 277 CAGR 31%+ 322 2030 ■ Europe 365 419 2032 476 544 China 2034 641 744 2040 2036 ROW: 422 Europe: 292 China: 431 U.S.: 328 U.S. 871 Source: Morgan Stanley Research Reports titled "eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky's the Limit" dated May 6, 2021, and "Flying Cars: Investment Implications of Autonomous Urban Air Mobility" dated December 2, 2018. CHANGIZAR 1,041 1,238 2038 1,474 4 2040#5EH216-S: Pilotless Passenger-Carrying eVTOL for Intra-City Air Mobility E CHANGIZAR 6.05m Aircraft length 5.73m Aircraft width CHANG 1.93m Aircraft height CHANG 90km/h Maximum normal crusing speed 130km/h Maximum design speed 30km Flight range SHINING PRO 620kg Maximum take-off weight S 25min Flight time LO 5#6EH216-L: Aerial Logistics eVTOL ELIS-L EH2 F SNVHO 5.61m Aircraft length CHANG CHANGIZAR ONGING HE76L-200 CHANG 5.61m Aircraft width SNVHO CHANG | 130km/h 35km | 250kg Maximum flight speed Designed flight range Maximum payload SAVIS 2.25m Aircraft height EH216-F: High-Rise Firefighting eVTOL 21 min Design flight time 7.33m Aircraft length la OD 119 5.61m Aircraft width 130km/h 35km | | Maximum flight speed Designed flight range DE SVHa 100L Capacity of onboard fire extinguishing solvent 2.22m Aircraft height 21 min Designed flight time 6#7VT-30: Pilotless Long-Range Passenger-Carrying eVTOL for Inter-city Air Mobility CHANGIZAR ? 7.0m Aircraft length FLY INTO THE FUTURE 12.5m Aircraft width/ wingspan CHANG NETWO ECOVRENSELY MUSI STOWONDUNG DELA O INVHƏ 2.4m Aircraft height 30 300km Design flight range 100min Design flight time 7#8Technology Advantages to Ensure Safety and Efficiency CHANGIZAR MUAM Electric Vertical Takeoff and Landing High Redundancy Design with Backup System Autonomous Flying Fleet Management ● ● ● ● ● ● ● ● Green energy and zero carbon emissions No need for large airports or runways Redundancy extends across propulsion, sensors, flight controls, and communication systems Avoid any single point failure Pre-determined flight routes Flight safety ensured by electric fence Eliminates pilot costs On-the-ground command-and-control systems Monitoring, warning, route planning, fleet management, remote control for emergencies 8#9The First and Only eVTOL Company to Obtain TC and Standard AC . ● ● EH216-S has obtained Type Certificate ("TC") and Standard Airworthiness Certificate ("AC") from the Civil Aviation Administration of China ("CAAC"), which are the world's first TC and AC for pilotless passenger-carrying eVTOL. The TC demonstrated that the EH216-S's model design fully complies with CAAC's safety standards and airworthiness requirements, and that the EH216-S is qualified for conducting passenger-carrying UAV commercial operations. The AC confirms the certified aircraft EH216-S complies with the approved type design and meets safety and quality requirements for commercial operations. The journey to obtain EH216-S TC 1,000+ days and nights 500+ parameters 40,000+ trial flights Extensive laboratory, ground and flight tests of 65 categories and 450+ individual test items CHANGIZAR EH216-S 无人驾驶载人航空器系统 型号合格证颁证仪式 中国·北京 2023.10.13 中国民用航空局 CEAVATE helor ING 型带會積证 *M O Pat 4350 A TE e 9#10Sales Pipeline for 500 Units in Asian Market Sales Pipeline for 250 Units in Total 嵐 GILIM G 测控股集团 * 44 中国合肥 www.hefei.gov.cn 合肥市人民政府 Hefei Municipal Government 100 units EH216 series Shenzhen Boling 5 units EH216-S 100 units EH216-S 天行健 liansingjian Tianxingjian Cultural Tourism S Xiyu Tourism Xi'an Aerospace Investment 25 units EH216-S 20 units EH216-S H UAE * China Japan Indonesia Pre-Orders for 50 Units of EH216 Series and One Unit of VT-30 AirX MASC GRETA KURA ASSLERACE Travaux AirX Inc., a leading air mobility digital platform company prestige Okayama Kurashiki Mizushima Aero & Space Industry Cluster Study Group Pre-Orders for 100 Units of EH216-S Prestige Aviation, an Indonesian aviation company Intent to Order up to 100 Units of EH216-S Series Puf Wings Logistics Hub, a passenger Wings eVTOLs (smart mobility) and logistics LOGISTICS HUB technology company, an affiliate of EIH Ethmar International Holding * The sales pipeline aggregates the total number of eVTOLs that customers in Asia have expressed an interest in purchasing from EHang based on signed agreements as of December 18, 2023. Fulfilment is subject to additional definitive agreements and conditions provided in the relevant contracts, and expected to take several years. CHANGIZAR 10#11Urban Air Mobility Use Cases - Passenger Transportation Aerial Tourism CHANGIZAR Cha Airport Air Shuttle ww will 360 BEN Intra-city Air Taxi Emergency Use 11#12Urban Air Mobility Use Cases - Aerial Logistics Logistics Transportation at Mountains and Remote Aeras CHANGIZAR CHANG Short-Haul Intra-City Logistics Transportation IEEE Long-Haul Inter-City Logistics Transportation CHANG @ VT30---- 12#13Global Worldwide Footprint with Industry-Leading Safe Flight Records Completed ~45,000 demo and trial flights in 14 countries across Asia, Europe, Americas* Netherlands Spain Israel Qatar CHANGIZAR Netherlands Belgium Estonia Spain UAE Austria Estonia Qatar Israel C UAE Austria China Belgium *Data as of December 31, 2023, including the flight records of EH184, EH116, and EH216 series. Korea Japan Indonesia Korea WIATY China Canada USA Canada USA Japan Indonesia 13#14Yunfu Production Facility ~24,000 sq.m in gross floor area in Yunfu City, Guangdong Province, Chinal Planned initial annual capacity of 600 units of EHang eVTOLS Efficient UAV R&D, manufacturing and supply chain network in China In-house production processes include manufacturing key components, carbon fiber composite airframes, aircraft assembling and flight testing ● ● ● ● Since 2017, our quality management system has been certified by AS9100, a quality standard widely recognized in the global aerospace industry. CHANGIZAR CHANG 1M-M5 www. CHANGIZAR CHANG 12 VT30 CHANG ZAM CHANG 12 14#15Favorable Policies and Regulations Supporting China's UAM / Low-Altitude Economy ● ● In December 2023, the low-altitude economy was elevated to be one of China's national strategic emerging industries by the Central Committee and the State Council in the central economic work conference. ● In October 2023, China's four ministries issued the Green Aviation Manufacturing Industry Development Outline (2023-2035), aiming to put eVTOL aircraft into commercial use by 2025. In June 2023, China's State Council and the Central Military Commission officially issued the Interim Measures for the Flight Management of Unmanned Aerial Vehicles (UAVS), effective on January 1, 2024, which is the first special administrative regulation of its kind in China to support the flourishing development of UAV industry. • The State Council of China issued the Guidelines of the National Comprehensive Transportation Network Plan for the development of a comprehensive transportation network by 2035, calls for intelligent general aviation vehicle applications and includes low-altitude economy in the national economic development plan. • The State Council proposed to incorporate the development of Urban Air Mobility into China's National Strategies. CHANGIZAR 15#16EHang Pioneers China UAM Operations in Shenzhen in $1 "Measures to Promote the High-Quality Development of Low-Altitude Economy in Shenzhen" By 2025, Shenzhen plans to establish over 600 landing platforms for low-altitude aerial vehicles and set up more than 220 flight routes within Shenzhen City* In July 2023, EHang reached an MOU with the Bao'an District Government of Shenzhen Municipality on a strategic partnership for UAM operations In anticipation of flight operations in Bao'an District, Shenzhen Boling has purchased 5 units of EH216-S from EHang and plans to purchase additional 95 units for future use in Shenzhen MOS EH216-S conducted demo flights at OH Bay UAM Operation Demonstration Center at OH Bay ~4,600 m², including vertiport for EH216-S, hangars, a command- and-control center, passenger waiting area, a service center, etc *Source: Xinhua News article named "Shenzhen's visionary development of a low altitude economy is set to soar into the future, creating a remarkable 'city in the sky". CHANGIZAR 16#17EHang Pioneers China UAM Operations in Guangzhou (Co "The Detailed Rules for Implementation of Measures to Promote the High-Quality Development of the Low- Altitude Economy in Guangzhou Development District (Huangpu District)" CHANGIZAR With subsidies up to RMB 30 million for eligible low- altitude industrial projects The EH216-S was deployed in Jiulong Lake Park, one of our operation sites, and more operation sites and flight routes for aerial sightseeing and logistics in planning Guangzhou development district low-altitude industry fund with the target fund size of RMB 10 billion was set $up by Guangzhou Development District Communications Investment Group Co., Ltd. and Guangzhou Industrial Investment Capital MENAN.. EH216-S conducted demo flights at Jiulong Lake Park Planning map of the Sino- Singapore Guangzhou Knowledge City, a crucial engine for economy of the Greater Bay Area 17#18EHang Pioneers China UAM Operations in Hefei in S "The Action Plan for Low-Altitude Economic Development of Hefei (2023-2025) with 20 guidelines" Proposed to build a low-altitude economy cluster, a testing and airworthiness certification base, a flight service and management platform, and set up commercial flight routes for aerial tourism and logistics, etc In October 2023, EHang entered into a strategic cooperation agreement with the Hefei Municipal Government for joint development of a low-altitude economy ecosystem in Hefei, China The Hefei Municipal Government plans to extend support to EHang in various forms with a target amount of US$100 million. The support will be provided either through the coordination or facilitation of purchase orders for a minimum of 100 units of EH216 series products, and/or by providing financing support * *The specific timing, amount and type of support will be subject to additional definitive agreement. CHANGIZAR EH216-S conducted demo flights at Luogang Central Park Planning map of Luogang Central Park, the world's largest city central park 12.7 square kilometers 300,000 daily visitors during holidays 18#19Expansion in UAE: SAVI Cluster Member and Partnership with Wings Logistics Hub* * Wings Logistics Hub is a passenger eVTOLs (smart mobility) and logistics technology company, an affiliate of EIH Ethmar International Holding. CHANGIZAR - Pof CHANG IZAR WINGS | LOGISTICS HUB SAV/ 0111 EHang has become a member of the Smart and Autonomous Vehicle Industries (SAVI) Cluster in Abu Dhabi. A long-term strategic partnership has been formed with Wings Logistics Hub, with the aim to collaboratively advance the development of urban air transportation and smart city management in the UAE and the Middle East and North Africa region. 50 Wings Logistics Hub intends to order up to 100 units of the EH216 series eVTOLs from EHang. EIH Ethmar International Holding ابضة ار الدوليـة القـ 19#20EHang Investment Highlights CHANGIZAR 1 2 3 4 LO 5 Lead in UAM/Low-Altitude Economy, an Strategic Emerging Industry at a Pivot Point with Massive and Fast-Growing Market Potential and Favorable Policies The World's First Pilotless Passenger-carying eVTOL TC and AC Global Market Leader and First Mover of Commercialization Ahead of Peers for Years Affordable, Efficient and Clean Air Mobility Solutions Enabled by Unique Technologies and Products Compelling Business Model with High Growth Potential and Gross Margin 20#21CHANG IZAR EH Nasdaq Listed Fly into the Future www.ehang.com CHANGIZAR Investor contact: [email protected] 33 T62 21