On February 1, 2019, EHang entered into a sales contract with Kunxiang to sell 3 units of EH216 passenger-grade AAVs ("EH216 AAVs") for a total price of RMB4.5 million, or RMB1.5 million per unit (inclusive of value-added tax). For reference, the Company has attached a copy of the original contract in Chinese as well as a translated version.
Pricing and other terms offered by EHang to Kunxiang are not substantially different from those offered to other customers in China and all contracts with Kunxiang are based on arm-length transactions. The average unit price under EHang's February 2019 contract with Kunxiang is in line with the average unit price for the Company's overall EH216 AAVs sales since 2019. Although the Company has not directly disclosed the average selling price of its EH216 AAVs in its SEC filings, such average selling price can be inferred from two metrics the Company does publicly disclose: (i) the number of EH216 AAVs sold in a period, and (ii) the amount of revenues generated by air mobility solutions, which have mostly been derived from the sales of EH216 AAVs, in the same period.EHang Sales Contract with Kunxiang (English)
EHang Sales Contract with Kunxiang (Chinese)