Lilium BV

Lilium NV develops all-electric vertical take-off and landing jets. The firm focuses on developing an eVTOL aircraft for use in a new type of high-speed air transport system for people and goods. It uses the Lilium Jet, to offer low noise and high performance with zero operating emissions, and to accelerate the decarbonization of air travel. The company was founded on March 11, 2021 and is headquartered in Wessling, Germany.

MUNICH, Germany, July 06, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, announced today that it has successfully completed the fourth and final Design Organization Approval (“DOA”) audit by the European Union Aviation Safety Agency (“EASA”).

Lilium completes final audit in major step towards achieving EASA Design Organization Approval

The Chinese Premier expects the Chinese economy to grow by about 5% in 2023. Last week, Lilium announced its commitment to establishing a presence in China.

Why Shares of Lilium Are Flying Higher Today

It's a mixed day in the markets as we near quarter-end, but there's no mistaking the move in Lilium NV (NASDAQ: LILM ). Shares of LILM stock are bursting higher, up about 25% on Wednesday.

Why Is Lilium (LILM) Stock Up 25% Today?

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MUNICH, Germany, June 26, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received the Federal Aviation Administration (FAA) G-1 Certification Basis necessary for type certificate validation of its Lilium Jet by the FAA. In 2020, Lilium's primary airworthiness authority, the European Union Aviation Safety Agency (EASA), issued its certification basis for the Lilium Jet.

FAA Issues G-1 for Lilium Jet, making Lilium only eVTOL manufacturer with EASA and FAA certification basis for a powered lift eVTOL aircraft

SKF leads the way in bearing provision for the electric aircraft market GOTHENBURG, Sweden , June 21, 2023 /PRNewswire/ -- SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported Lilium on the design of electric motor bearings for the Lilium Jet's electric engine and has agreed to support the program by producing electric motor bearings for the type-conforming aircraft.

SKF announces electric aviation agreement with Lilium

Partnership will support electrification of premium tourist routes in the regions with vertiport infrastructure for Lilium aircraft and customers Partnership will support electrification of premium tourist routes in the regions with vertiport infrastructure for Lilium aircraft and customers

Lilium and UrbanV to collaborate on vertiports in Italy, the French Riviera and beyond

On Tuesday, Lilium announced an agreement to sell 100 electric airplanes to China's Heli-Eastern. Lilium's order pipeline now includes 745 sales.

Why Lilium Stock Soared on Tuesday

PARIS, June 18, 2023 (GLOBE NEWSWIRE) -- The Bao'an District of Shenzhen municipality and Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, have signed a Memorandum of Understanding (MoU) for the opening of a regional Lilium headquarters in Bao'an District as a first step in a partnership to establish a safe and sustainable eVTOL service in China with the Lilium Jet. The collaboration will initially focus on the Guangdong–Hong Kong-Macao Greater Bay Area, with a population of over 85 million people, with plans to grow across China and the broader Asia-Pacific region.

Bao'an District of Shenzhen municipality and Lilium partner for eVTOL service in China

• Th e two companies will jointly develop eVTOL services across the Guangdong - Hong Kong - Macao Greater Bay Area

Lilium signs agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China

GENEVA, May 24, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, today announced that it has signed an agreement with Benelux-based business jet operator ASL Group for the delivery of six Lilium Pioneer Edition Jets. The agreement, which includes deposit payments to Lilium, converts an earlier Memorandum of Understanding between the two companies, disclosed last year during the Farnborough International Airshow.

ASL Group doubles down on sustainable air mobility, signs agreement for delivery of six Lilium Pioneer Edition Jets

MUNICH, Germany, May 24, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q1 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium's progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.

Lilium releases Q1 2023 Shareholder Letter

Partnership includes a firm commitment for up to five Lilium Jets with pre-delivery payments Partnership includes a firm commitment for up to five Lilium Jets with pre-delivery payments

Lilium signs agreement with Air-Dynamic to serve Switzerland and Italy

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MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium”) (NASDAQ: LILM) today announced that it plans to release its First Quarter Fiscal Year 2023 Business Update before market open on Wednesday, May 24, 2023.

Lilium Announces May 24 Release of Q1 2023 Shareholder Letter

Lilium N.V. (LILM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Lilium N.V. (LILM) Upgraded to Buy: What Does It Mean for the Stock?

A scale model of Lilium's aircraft, complete with working engines, has begun wind tunnel testing. The announcement comes as U.S. regulators begin to look to a future where air taxis are flying above major cities.

Why Lilium Stock Shot Higher on Thursday

MUNICH, Germany, May 04, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, today announced the start of wind tunnel testing on a complete 1 to 2.5 scale (40% size) Lilium Jet model, including working engines and flap actuators, at the German-Dutch Wind Tunnels (DNW) facility in Marknesse, Netherlands.

Lilium Jet enters powered test campaign at Europe's largest wind tunnel facility

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Allows development of the Lilium Jet to continue at full pace towards 2025 certification Allows development of the Lilium Jet to continue at full pace towards 2025 certification

Lilium Announces Capital Raise for Up to $250 Million, with $100 Million Funded at Close

MUNICH, Germany, March 28, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its fiscal year 2022 Shareholder Letter. The Shareholder Letter, which discusses Lilium's achievement of important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website.

Lilium releases Fiscal Year 2022 Shareholder Letter

MUNICH, Germany, March 28, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and battery cell production partner, Customcells, are ramping up battery cell production of Lilium's high silicon content cells with weekly deliveries from Customcells production line in Tübingen, Germany. The production line will deliver thousands of cells annually and is on track to meet aviation standards for traceability and process control using a combination of standard cell production processes and a pre-lithiation process for high silicon content cells.

Lilium and Customcells ramp up silicon anode battery cell production

MUNICH, Germany, March 17, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (“Lilium”) (NASDAQ: LILM) today announced that it plans to release its Fiscal Year 2022 Business Update before market open on Tuesday, March 28, 2023.

Lilium Announces March 28 Release of Fiscal Year 2022 Shareholder Letter

I think this idea of battery-powered flight is really cool. But that doesn't mean that it's going to work financially. It's also possible to look at the specific finances of Lilium and claim - as I do claim - that they're not going to work.

News for Lilium BV Stock (LILM)