Welcome to our dedicated page for Lilium N.V. news (Ticker: LILM), a resource for investors and traders seeking the latest updates and insights on Lilium N.V. stock.
Lilium N.V. (NASDAQ: LILM) is a pioneering aviation start-up headquartered in Munich, Germany, focused on revolutionizing regional air mobility. Established in 2015 by Daniel Wiegand, Sebastian Born, Patrick Nathen, and Matthias Meiner, Lilium aims to develop and manufacture the world’s first fully electric vertical take-off and landing (eVTOL) jet. The Lilium Jet, with its estimated range of up to 300 km and a top speed of 300 km/h, offers a zero-emissions, efficient, and eco-friendly solution for individual transportation.
By employing advanced technologies, Lilium has created the 7-Seater Lilium Jet, designed for high performance, low noise, and maximum capacity. This innovative aircraft is central to Lilium's mission to build a sustainable high-speed transportation network for both people and goods, liberating urban areas from traffic congestion and reducing pollution.
In recent developments, Lilium has made significant strides in its partnerships and financial milestones. The company recently secured meaningful participation from existing shareholders and insiders, which propels it closer to achieving its first manned flight of the Lilium Jet, targeted for late 2024. Additionally, Lilium has expanded its partnership with eVolare in the UK, aimed at developing a network of vertiports and operational infrastructure to support the Lilium Jet.
The company has also aligned with Luxaviation Group, leveraging Luxaviation's extensive global network of Fixed Based Operations (FBOs) to create electrified ground infrastructure for the Lilium Jet in key markets across Europe and the Middle East. This collaboration is set to enhance Lilium's operational network and advance the decarbonization of regional air transport.
Financially, Lilium continues to fortify its position with ongoing support from investors and stakeholders. The company's innovative vision and technological advancements have positioned it as a key player in the future of urban air mobility.
Products and Services:
- Lilium Jet: A fully electric VTOL jet designed for high-speed regional transport.
- Lilium Network: A developing transport network aimed at integrating the Lilium Jet into urban and regional transportation systems.
With a workforce comprising over 1,000 professionals, including approximately 500 aerospace engineers, Lilium is committed to making sustainable, high-speed air travel a reality. The company’s ongoing projects, strategic partnerships, and engineering excellence underscore its potential to transform the aviation industry.
Lilium N.V. (Nasdaq: LILM) has shared its fiscal year 2022 Shareholder Letter, highlighting key advancements in the development of the Lilium Jet, an innovative eVTOL aircraft. Significant milestones include achieving a cruise speed of 250 km/h, first pre-delivery payments from customers, and promising battery technology validated by independent labs. The company remains on track for type-certification, having submitted comprehensive certification plans meeting EASA’s requirements. As of year-end 2022, Lilium reported liquidity of €206 million and is in discussions for further funding.
Lilium N.V. (NASDAQ: LILM) announced a significant ramp-up in battery cell production for its all-electric vertical take-off and landing jet, leveraging partnerships with Customcells and Ionblox. The new production line in Tübingen, Germany, will produce thousands of high silicon content battery cells annually, utilizing a pre-lithiation process to enhance energy and power density. This production line ensures aviation traceability to meet industry standards. Notably, independent tests reported 88% energy retention in prototype cells after 800 cycles, exceeding the 80% target. Lilium plans to start production of its type-conforming aircraft later this year, aiming for manned flight in 2024.
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