EH Falls 3.9% After Switching Auditors to KPMG

EHang Holdings (EH) said it replaced its auditor, and the stock fell 3.9% on Aug 20, 2026.

What EHang announced

EHang announced it dismissed PricewaterhouseCoopers Zhong Tian LLP (PwC) and engaged KPMG Huazhen LLP as its independent registered public accounting firm. KPMG will audit EHang’s consolidated financial statements for the fiscal year ending December 31, 2026. KPMG will also audit the effectiveness of the company’s internal control over financial reporting as of December 31, 2026. The engagement was effective August 19, 2026.

What it means for EHang

An auditor change is a big governance event because the auditor is the outside firm that signs off on a company’s financial statements and reviews internal controls. By bringing in KPMG for the 2026 audit and internal-control work, EHang is resetting who will review its reporting process and results for that period. In plain English: a new set of eyes will be checking the numbers and the control systems behind them. Depending on how smoothly the transition goes, this kind of switch can add near-term process work for management, but it could also be framed as an effort to keep oversight and reporting infrastructure aligned with the company’s needs.

How the stock reacted

EH opened with a small pop, then slid as the session went on.

Window	Move
5 min	+1.2%
10 min	+0.0%
30 min	-0.7%
1 hour	-2.8%
end of day	-3.9%

On a market-adjusted basis, EH was down an excess -3.5% versus the SPY on the day.