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. (LILM) appears frequently in aerospace and transportation news because of its focus on electric aviation and the development of the all-electric Lilium Jet. Company announcements describe Lilium as an electric aircraft manufacturer and a pioneer in Regional Air Mobility, working to create sustainable, high-speed regional transportation for people and goods using an eVTOL jet with zero operating emissions.
News about Lilium often covers technical and certification milestones for the Lilium Jet, such as systems power-on of in-production aircraft, integration testing of the electrical power system at a dedicated laboratory, and progress on final assembly lines for multiple test aircraft. These updates provide insight into the company’s path toward type certification and planned entry into service.
Coverage also includes partnership announcements, for example collaborations with aerospace and infrastructure partners and a data and analytics partnership with GE Aerospace to support flight data monitoring and safety standards for eVTOL operators. Other articles highlight infrastructure agreements intended to support future Lilium Jet operations in specific regions.
In addition, Lilium’s news flow features corporate and financial developments. The company has reported applications for self-administration proceedings for its principal German subsidiaries under the German Insolvency Code, as well as a notice from Nasdaq that trading of its securities would be suspended and that a Form 25 would be filed to delist the shares from the Nasdaq Global Select Market. Survey-based communications on public attitudes toward sustainable aviation and eVTOL aircraft also appear in Lilium’s releases.
Investors and observers who follow LILM news can use this page to review company-issued updates on aircraft development, restructuring steps, partnerships, and market research related to electric regional air mobility.
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.
Lilium N.V. (NASDAQ: LILM) announced plans to release its Fiscal Year 2022 Business Update on March 28, 2023, prior to market opening. The forthcoming Shareholder Letter will detail Lilium's advancements towards significant milestones, such as the commencement of production for its type-conforming aircraft. Investors can access this letter on Lilium's Investor website. Lilium is focused on creating sustainable transport solutions through its all-electric vertical take-off and landing jet, which aims to facilitate decarbonization in air travel. The company is actively collaborating with industry leaders in launching networks in Germany, the U.S., and Brazil.
Lilium N.V. (NASDAQ: LILM) has partnered with Collins Aerospace to develop the flight control inceptors for the Lilium Jet, an innovative all-electric vertical take-off and landing aircraft. This collaboration aims to leverage Collins' 50 years of cockpit control experience in the aerospace sector. The new sidestick system will enhance pilot control with improved safety, ergonomic design, and significant weight and space efficiency. As part of their strategy to work with established aerospace suppliers, Lilium looks to strengthen its certification process and industrial ramp-up. The partnership is expected to facilitate commercialization and bolster operational safety in advanced air mobility.
Lilium N.V. (NASDAQ: LILM) has announced a partnership with GKN Aerospace to design and build an integrated and certifiable Electrical Wiring Interconnection System (EWIS) for the Lilium Jet. GKN will manufacture the EWIS hardware sets and assist with on-site installation as final assembly of the Lilium Jet commences in 2023. This collaboration covers the design of both low voltage and high voltage connections, ensuring safety and efficiency for the aircraft. Lilium has secured additional agreements for various components essential for the aircraft's development, aiming for sustainable regional transportation.
Lilium N.V. (NASDAQ: LILM), a pioneer in all-electric vertical take-off and landing (eVTOL) jets, has appointed Oliver Vogelgesang as CFO and Sebastien Borel as CCO, effective immediately. Vogelgesang succeeds Geoffrey Richardson, who led the company through its NASDAQ listing and secured a $119 million capital raise in Q4 2022. With extensive aerospace and finance backgrounds, both new executives have significant roles in Lilium's future growth strategy. Vogelgesang previously worked at Airbus, while Borel finalized orders for over 600 aircraft during his tenure. The leadership transition aims to enhance Lilium's mission of accelerating aviation's decarbonization.
Lilium N.V. (Nasdaq: LILM) has shared its Q3 Business Update, highlighting key developments including a commercial contract with eVolare for 10 aircraft and a breakthrough agreement in the Middle East with SAUDIA for up to 100 aircraft, raising its total order pipeline to 603. The successful fundraising round yielded $119 million, and significant progress in Type Certification has been made with 80% of plans submitted to EASA. However, liquidity at end of Q3 dropped to €160 million from €229 million in Q2, with cash spend at €69 million.
Lilium N.V. (NASDAQ: LILM) has announced a contract with eVolare for the delivery of ten Lilium Pioneer Edition Jets, with an option for ten more. eVolare will operate from its Oxford base to serve the Greater London area, acting as Lilium's lead partner in the UK for private jet sales. The Lilium Pioneer Edition, a limited-edition aircraft aimed at environmentally conscious customers, offers a customizable cabin and premium service. This collaboration positions Lilium to tap into the growing demand for sustainable air mobility in the UK.
Lilium N.V. (NASDAQ: LILM) announced plans to release its Third Quarter Fiscal Year 2022 Business Update on December 6, 2022. A conference call and webcast will be held at 8:00 a.m. EST on the same day, with access provided through Lilium's investor relations website. Lilium aims to create sustainable regional transportation through its all-electric vertical take-off and landing jet. The company, founded in 2015, is headquartered in Munich and has over 800 employees, including around 450 aerospace engineers dedicated to advancing air travel.
Lilium N.V. (Nasdaq: LILM) has successfully closed a $119 million capital raise, attracting existing shareholders and new investors, including Honeywell and Tencent. The funds will bolster Lilium's balance sheet and support its commercialization efforts, such as signing customer agreements and initiating aircraft assembly for flight tests. CEO Klaus Roewe expressed optimism about the strong support received in a challenging market. The capital raise involved both private placement and registered direct offering, with plans to fund operations and development of the Lilium Jet.
Lilium N.V. (Nasdaq: LILM) has announced a successful capital raise of $119 million, with participation from major investors like Honeywell, Tencent, and new CEO Klaus Roewe. The capital will be raised through a private placement and registered direct offering, involving the issuance of 91,524,936 Class A ordinary shares at $1.30 each, along with warrants for 45,762,463 shares. The offerings are expected to close on November 22, 2022. This fundraising aims to accelerate Lilium's efforts in developing its all-electric vertical take-off and landing jet.
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