Lilium Signs Collaboration Agreement With Shenzhen-Based Bao'an District
Portfolio Pulse from Benzinga Newsdesk
Lilium has signed a collaboration agreement with Shenzhen's Bao'an District, establishing its APAC regional headquarters in the district through its new Chinese entity, 'Powerful Wing'. Lilium will also conduct certification and validation in China, which is expected to represent about 25% of the global eVTOL market.
June 10, 2024 | 11:38 am
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Lilium has signed a collaboration agreement with Shenzhen's Bao'an District, establishing its APAC regional headquarters and planning certification and validation in China, which is expected to account for 25% of the global eVTOL market.
The collaboration agreement and establishment of a regional headquarters in a key market like China, which is expected to account for a significant portion of the global eVTOL market, is likely to positively impact Lilium's stock in the short term.
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