Lilium Launches China Legal Entity and Regional HQ in Bao’an District of Shenzhen

The new entity is part of a collaboration with Shenzhen’s Bao’an District, and marks Lilium’s official entry into the Asia-Pacific market.

(Shenzhen, China) Electric vertical takeoff and landing (eVTOL) vehicle developer Lilium (NASDAQ: LILM) announced today that it has signed a collaboration agreement with the Shenzhen-based Bao’an District which will establish Lilium’s regional headquarters in the district by way of its recently-created Chinese Entity (力翎航空), meaning “Powerful Wing.”

3000x2000_LLM_CPR copy - 11w.jpg

Photo of Lilium CEO Klaus Roewe (left) and Yong Ni, a representative of Shenzhen’s Bao’an District, courtesy of Lilium.

Per today’s press release from Lilium, the partnership initially focuses on the Guangdong–Hong Kong-Macao Greater Bay Area, which houses a population of more than 85 million people; in the future, Lilium intends to grow across China and the broader Asia-Pacific region.

The collaboration will establish Lilium as “an active and contributing industry player in the region’s low altitude economy, supporting relationships with local infrastructure partners, customers, and regulatory authorities,” per the release.

According to Lilium, the company is the first European eVTOL manufacturer to be selected to operate in the Bao’an district.

“China represents a huge opportunity for the eVTOL industry and this partnership with the Bao’an District will expand our footprint even further in China,” said Klaus Roewe, Lilium’s Chief Executive Officer. “We believe the Lilium Jet is well placed to meet the demands of customers in China and across the region. We are particularly grateful for the modern facilities provided by the Bao'an District in the Bao'an Low Altitude Economy Industry Public Service Center, and for the holistic support they offer to encourage growth in the low altitude economy industry.”

Yong Ni, a representative of the Bao’an District, said: “We are proud to welcome Lilium to Bao’an District as part of our shared mission to build the low altitude economy of the future. This valuable collaboration will create exciting new opportunities and support the development of the necessary infrastructure to bring sustainable regional aviation to Shenzhen.”

Production of Lilium’s eVTOL, the Lilium Jet, began last year at Lilium’s headquarters near Munich, Germany. The first piloted flight of the Lilium Jet is anticipated in 4Q2024.

Newsfeed: Monday, June 24, 2024