Lilium Starts Production of High-Performance Battery Packs for the Lilium Jet
16 April 2024 - 9:30PM
Lilium N.V. (NASDAQ: LILM), developer of the first all-electric
vertical take-off and landing (“eVTOL”) jet, announced today that
it has started production of the advanced, aviation grade battery
packs that will power the Lilium Jet on its first piloted flight,
targeted for end of 2024. This latest milestone represents a
landmark in the development of the Lilium Jet and follows extensive
testing of battery pack subcomponents from individual cell to stack
level with a focus on performance, safety and regulatory
conformity.
Lilium’s unique, pioneering battery pack is
comprised of lithium-ion cells with silicon-dominant anodes that
will allow for higher energy, power, and fast-charging capabilities
than graphite anode cells. Leading automakers such as Mercedes,
Porsche, and GM plan to incorporate silicon anode technology into
their premium electric vehicles. Lilium’s battery packs are being
designed to meet EASA’s stringent aircraft safety requirements
regarding shock resistance, heat resistance, containment, and
redundancy. They are also being designed to deliver outstanding
power and energy density to support a business model focused on
regional, rather than urban, air mobility. Lilium has secured
comprehensive intellectual property rights for its unique battery
technology.
The Lilium Jet battery packs are being assembled
at Lilium’s purpose-built battery factory, located at Lilium’s
headquarters outside Munich, with the aid of new generation digital
tools that enable process control, efficient data collection and
traceability. Lilium has been supported in the design of the
assembly line and initial production ramp up by suppliers with
extensive experience in battery industrialization, especially in
the automotive sector.
Yves Yemsi, COO of Lilium said:
“The start of production of the battery packs is a proud moment for
Lilium. Battery technology is central to the goal of delivering
sustainable regional air mobility, including overcoming the
challenges of developing and industrializing a battery pack that
will meet the stringent safety standards of aircraft certification.
With the start of production of the Lilium Jet’s unique
high-performance aircraft battery packs, Lilium has laid a further
cornerstone towards realizing the vision of electric aviation.”
The first units off the battery assembly line
will be used for verification testing ahead of the Lilium Jet’s
first piloted flight. Each Lilium Jet aircraft will be equipped
with ten independently functioning battery packs that are designed
to enable safe flight and landing, even in case of failure of any
single battery pack.
Lilium Contact information for
media:Christine Pierk Communications Manager+49 151
53919945press@lilium.com
Lilium Contact information for
investors: Rama BondadaVice President, Investor Relations
investors@lilium.com
About LiliumLilium (NASDAQ:
LILM) is creating a sustainable and accessible mode of high-speed,
regional transportation for people and goods. Using the Lilium Jet,
an all-electric vertical take-off and landing jet, designed to
offer leading capacity, low noise, and high performance with zero
operating emissions, Lilium is accelerating the decarbonization of
air travel. Working with aerospace, technology, and infrastructure
leaders, and with announced sales and indications of interest in
Europe, the United States, China, Brazil, the UK, the United Arab
Emirates, and the Kingdom of Saudi Arabia, Lilium’s 950+ strong
team includes approximately 500 aerospace engineers and a
leadership team responsible for delivering some of the most
successful aircraft in aviation history. Founded in 2015, Lilium’s
headquarters and manufacturing facilities are in Munich, Germany,
with teams based across Europe and the U.S. To learn more, visit
www.lilium.com.
Lilium Forward Looking
StatementsThis press release contains certain
forward-looking statements within the meaning of the U.S. federal
securities laws, including, but not limited to, statements
regarding: (i) Lilium N.V.’s and its subsidiaries (collectively,
the “Lilium Group”) proposed business and business model; (ii) the
markets and industry in which the Lilium Group operates or intends
to operate; (iii) the Lilium Group’s progress towards type
certification (and type certificate validation) of its Lilium Jet
with EASA and the FAA; (iv) the Lilium Group’s progress in
designing and producing battery packs to meet the highest aviation
safety standards; (v) the expected future performance of the Lilium
Jet and the battery packs discussed herein; and (xi) the Lilium
Group’s efforts and ability to successfully patent its intellectual
property. These forward-looking statements generally are identified
by the words “anticipate,” “believe,” “could,” “expect,”
“estimate,” “future,” “intend,” “may,” “on track,” “plan,”
“project,” “should,” “strategy,” “will,” “would” and similar
expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on management’s current expectations with respect to future
events and are based on assumptions and are subject to risk and
uncertainties that are subject to change at any time. 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 those risks and uncertainties discussed
in Lilium’s filings with the U.S. Securities and Exchange
Commission (the “SEC”), including in the section titled “Risk
Factors” in our Annual Report on Form 20-F for the year ended
December 31, 2023, on file with the SEC, and similarly titled
sections in Lilium’s other SEC filings, all of which are available
at www.sec.gov. Forward-looking statements speak only as of the
date they are made. You are cautioned not to put undue reliance on
forward-looking statements, and Lilium assumes no obligation to,
and does not intend to, update, or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
Lilium NV (NASDAQ:LILM)
Historical Stock Chart
From Apr 2024 to May 2024
Lilium NV (NASDAQ:LILM)
Historical Stock Chart
From May 2023 to May 2024