Lilium N.V. Stock Price, News & Analysis

Astronics Corporation (ATRO) has been selected by Lilium N.V. (LILM) to design and develop key components for the Lilium Jet’s energy management system, specifically the electrical power distribution units. This partnership emphasizes Astronics' expertise in high voltage products and supports Lilium's goal of creating sustainable air travel solutions. The agreement, reached after a year of collaboration, aims to enhance aircraft safety and efficiency. Both companies are poised to capitalize on advancements in the aerospace industry.

Lilium N.V. (NASDAQ: LILM) has partnered with Astronics Corporation (NASDAQ: ATRO) to develop the electrical power distribution system for the Lilium Jet. This collaboration marks a significant step in the industrialization of the jet, with Astronics responsible for Secondary Power Distribution Units (SPDU) and Charging Power Distribution Units (CPDU). Each Lilium Jet will contain two SPDUs and one CPDU, enhancing aircraft safety and efficiency. The agreement follows extensive collaboration between the companies and indicates Lilium's focus on sustainable air travel solutions.

Lilium N.V. (NASDAQ: LILM) has partnered with French manufacturer Expliseat to create pilot and passenger seats for its innovative eVTOL jet. Expliseat specializes in lightweight aviation seating using advanced materials, leading to seats that are 35% lighter than traditional aluminum seats without compromising comfort. This collaboration aims to enhance passenger experience while optimizing weight efficiency, contributing to sustainable aviation. The seats are compliant with industry safety standards, showcasing Lilium's commitment to high-performance, environmentally friendly air travel.

Lilium N.V. (NASDAQ: LILM) announced a major milestone as its technology demonstrator, Phoenix 2, successfully completed main wing transition, marking it as the first full-size electric jet to transition from hover to wing-borne flight. This achievement validates Lilium's proprietary Flight Dynamics Model, indicating stable behavior during the transition. The company's flight test campaign will continue throughout the summer to further expand the aircraft's flight envelope. Lilium aims to revolutionize regional transportation with its all-electric eVTOL jet, prioritizing sustainability and zero emissions.

Lilium has entered into a research and development collaboration with Livent, a leader in lithium technology, to enhance lithium metal technology for high-performance battery cells. This agreement aims to secure vital access to advanced battery technology necessary for Lilium's all-electric vertical take-off and landing jets. The collaboration reflects Lilium's commitment to innovation in regional air travel and sustainability, leveraging Livent's expertise in environmentally responsible lithium production.

Lilium N.V. (NASDAQ: LILM) announced it will crowdsource questions from shareholders for its Q1 2022 business update on June 7, 2022. Starting May 26 and ending June 2, retail investors holding Lilium shares can submit and upvote questions via the Say Connect platform. The webcast will address selected questions from verified shareholders. Lilium aims to create sustainable air transportation with its all-electric Lilium Jet, promoting decarbonization in aviation and developing networks in Germany, the U.S., and Brazil.

Lilium N.V. (NASDAQ: LILM) has partnered with Aernnova, a prominent aerospace component manufacturer, to develop a critical component of the Lilium Jet, specifically its propulsion mounting system. This collaboration aims to enhance the jet’s efficiency and performance by utilizing advanced materials, including carbon fiber-reinforced epoxy. The partnership is a significant advancement towards the serial production of the Lilium Jet, which seeks to revolutionize regional air travel with sustainable, high-speed transportation solutions.

Lilium N.V. (NASDAQ: LILM), a pioneer in electric vertical take-off and landing jets, has partnered with Honeywell and DENSO to co-develop the electric motor for its Lilium Jet. This collaboration leverages Honeywell's aerospace expertise and DENSO's production capabilities to enhance the jet's performance and reduce operating costs with a unique air-cooled design. The e-motor features a lightweight design capable of producing over 100kW of power while maintaining zero emissions. This strategic alliance is expected to advance Lilium's goal of revolutionizing regional air mobility.