Lilium NV confirmed that it is in discussions with the French government regarding plans to expand mass production capacity using its industrial base in France, as well as 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.
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.
This press release was created and distributed by Lilium.
