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Lilium is keen to leverage France's unique aerospace heritage and vast supplier base in aerospace and electrification to expand Lilium Jet's mass production capacity.
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Expansion of industrial base into France, discussions on government subsidies and loan guarantees expected to be signed in the coming weeks
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Lilium expansion could create up to 850 new direct jobs in France
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Production of the Lilium jet is expected to increase French exports, as most of the jets produced will go into service with other countries.
Munich, Germany, May 13, 2024 (Globe Newswire) — Regional Air Mobility (“RAM”), developer of the first all-electric vertical takeoff and landing (“eVTOL”) jet aircraft, today announced that The company confirmed that it is proceeding with discussions with the French government regarding plans to expand mass production capacity using its bases and the possibility of government subsidies and loan guarantees. This follows an announcement by the French government regarding talks at the “Choose France” summit to be held in Versailles on May 13th.
Lilium is currently evaluating several potential locations in France to expand its industrial footprint, including the aerospace and battery production hotbeds of the Nouvelle Aquitaine region, with discussions expected to reach a conclusion in the coming weeks. It is expected. Among the many reasons to choose France, Lilium is attracted to France's established aerospace industry, expertise in electric mobility, highly skilled workforce and supportive government environment. Total future investment is estimated at up to 400 million euros over several years, and Lilium has the potential to create up to 850 new direct jobs with the expansion of this industrial site.
Founded in 2015, Lilium is a world-leading pioneer in eVTOL technology and electric regional air mobility. Moreover, in both Europe and the United States he is the only manufacturer in the world with a certification infrastructure for eVTOL aircraft.
Initial production of the Lilium Jet began in 2023 at Lilium's headquarters near Munich, Germany. The Lilium jet is scheduled to enter service in 2026, and Lilium is preparing for larger-scale production to meet anticipated global market demand.
Lilium has an order pipeline consisting of more than 780 Lilium jets, including binding orders and memorandum agreements from carriers in the United States, South America, Europe, Asia, and the Middle East. According to Morgan Stanley's 2021 estimates, the global eVTOL market could be worth $1 trillion in global revenue by 2040. A new high-volume production facility planned in France will serve a global market.
Lilium currently works with several Tier 1 suppliers, including established French companies such as Saint-Gobain, Michelin, Expliseat, and Ratier-Figeac. By expanding its manufacturing operations in France, Lilium expects to further leverage France's unique heritage in aerospace and electrification and its vast supplier base.
Media Contact:
Reiner Ohler
+49 172 4890353
press@lilium.com
Contact information for investors:
Rama Bondada
Vice President of Investor Relations
investor@lilium.com
About Lilium
Lilium (NASDAQ: LILM) develops sustainable, accessible, high-speed regional transportation for people and goods. Lilium is accelerating the decarbonization of air travel with the Lilium Jet, an all-electric vertical take-off and landing jet aircraft designed to deliver high performance with the highest capacity, lowest noise and zero operating emissions. I am. Lilium's 1000+ strong team works with leaders in aerospace, technology and infrastructure and has announced sales and expressions of interest in Europe, the US, China, Brazil, UK, UAE and Kingdom of Saudi Arabia. The team includes: Approximately 500 aerospace engineers and a leadership team responsible for delivering the most successful aircraft in aviation history. Founded in 2015, Lilium's headquarters and manufacturing facilities are located in Munich, Germany, with teams located in Europe and the United States. For more information, please visit www.lilium.com.
Forward-looking statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation, statements regarding: (i) the business and operating model proposed by Lilium NV and its subsidiaries (collectively, “Lilium Group”); (ii) the markets and industries in which Lilium Group operates or plans to operate (worldwide); (including the estimated potential size of the eVTOL market). (iii) the anticipated timing of the phased commercialization and commencement of Lilium Group's operations, including the commencement of operations of Lilium Jets; (iv) the timing and successful completion of discussions with the French government regarding the development of production capacity in France and the possibility of related government financing or guarantees; and (v) the availability of future investments by Lilium Group in its facilities there. Scale and timing in France. These forward-looking statements generally include statements such as “anticipate,” “believe,” “may,” “expect,” “estimate,” “future,” “intend,” “may,” Identified by the words “on time” and “to plan.” , “project”, “should”, “strategy”, “set a goal”, “will”, “would”, etc. Forward-looking statements are predictions, projections, and other statements about future events that are based on management's current expectations about future events, are based on assumptions, and are subject to change at any time. is subject to certain risks and uncertainties. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include the risks discussed in Lilium's filings with the Securities and Exchange Commission (“SEC”); and uncertainties. “Factors” in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC and similarly titled sections in Lilium's other SEC filings. All of these are available at www.sec.gov. Forward-looking statements speak only as of the date on which they are made. You are cautioned not to place undue reliance on forward-looking statements. Additionally, Lilium undertakes no obligation, and does not intend, to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
