Lilium launches China Legal Entity as part of collaboration with the Bao'an District of Shenzhen

Core Insights - Lilium has signed a collaboration agreement with the Bao'an District in Shenzhen, establishing its APAC regional headquarters, marking it as the first European eVTOL manufacturer to operate in the area [5][6][7] - The partnership aims to enhance Lilium's presence in the low altitude economy, focusing initially on the Guangdong–Hong Kong-Macao Greater Bay Area, which has a population exceeding 85 million [1][2] - Lilium plans to create new jobs in the Shenzhen region, with local recruitment starting this year, and will engage in industry events to foster relationships with local infrastructure partners [2][3] Company Developments - The regional headquarters will support Lilium Jet sales, services, and operations in China and the broader Asia-Pacific region [6] - Lilium is currently in the process of opening its headquarters in the Bao'an Low Altitude Economy Industry Public Service Center [6] - Production of the Lilium Jet began in late 2023, with the first piloted flight expected by the end of 2024 [7] Market Potential - China is anticipated to account for approximately 25% of the global eVTOL market, presenting significant growth opportunities for Lilium [2] - The collaboration is expected to facilitate the development of necessary infrastructure for sustainable regional aviation in Shenzhen [7]