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

Core Viewpoint - Lilium has signed a collaboration agreement with Bao'an District in Shenzhen, establishing its APAC regional headquarters to support its eVTOL jet operations in China and the Asia-Pacific region [1][2][7]. Group 1: Collaboration and Regional Headquarters - Lilium is the first European eVTOL manufacturer to establish a regional office in Bao'an District, which will facilitate sales, services, and support for the Lilium Jet in the region [2][7]. - The collaboration aims to build the low altitude economy in Shenzhen, creating new opportunities and necessary infrastructure for sustainable regional aviation [3][7]. - The partnership builds upon a previous Memorandum of Understanding signed last year, indicating a strong commitment to the region [7]. Group 2: Market Potential and Job Creation - China is expected to account for approximately 25% of the global eVTOL market, presenting a significant opportunity for Lilium [8]. - Local recruitment for commercial activities is expected to begin this year, contributing to job creation in the Shenzhen region [8]. - The collaboration will also involve participation in industry events and working with local infrastructure partners to ensure compatibility with the Lilium Jet [8]. Group 3: Strategic Importance - The partnership initially focuses on the Guangdong–Hong Kong-Macao Greater Bay Area, which has a population of over 85 million, indicating a large potential customer base [7]. - Lilium appreciates the regional knowledge of Bao'an District, which is essential for establishing premium eVTOL operations in the area [7]. - The CEO of Lilium emphasized the importance of the modern facilities provided by Bao'an District for supporting growth in the low altitude economy industry [9].