Lilium postpones market launch to 2025

Actually, the market launch was planned a year earlier. Now Lilium has had to adjust its schedule - with consequences for the company.

The air cab company Lilium has postponed its launch into series production by one year to 2025. The reasons for this are the Corona pandemic and ongoing supply difficulties. But talks with regulatory authorities are also dragging on, Lilium CEO Daniel Wiegand told the World. As a result of the postponement of the market launch, Lilium will now also not generate its first sales until later.

For some time now, there have been doubts as to whether Lilium would be able to meet its schedule. This is also reflected in the development of the share. Only in September of last year, the start-up had merged with a Spac in order to get listed on the New York technology exchange Nasdaq. At the start, the shares cost 10 US dollars (we reported). Since then, the value of the shares has dropped to $3.90.

Daniel Wiegand, Sebastian Born, Patrick Nathen and Matthias Meiner founded Lilium in 2015. The start-up develops electric air cabs for transporting people and goods.