This article only represents the author's own views.

Electric vertical take-off and landing (eVTOL) aircraft maker EHang Holdings Ltd. (EH.US) appears to be in a holding pattern these days. Its stock has been cruising in a broad but still relatively well-defined range since its flagship product notched a major milestone two years ago by receiving an airworthiness certificate from China’s aviation regulator.

In an attempt to bring some lift back to its shares, the company has begun hyping its next major new product, a longer-range eVTOL that can fly up to 200 kilometers, to complement its original short-range EH216-S model with a range of about 30 kilometers. In August it announced a major new plan to build a production base for the new model, the VT35, in Hefei, capital of East China’s Anhui province.