Lilium postpones market launch to 2025

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

The air cab company Lilium has postponed the start of series production by one year to 2025. The reasons for this are the coronavirus pandemic and ongoing supply difficulties. However, talks with the regulatory authorities are also dragging on, Lilium Managing Director Daniel Wiegand told the world. The postponement of the market launch means that Lilium will not generate its first sales until later.

There have long been doubts as to whether Lilium would be able to meet its schedule. This is also reflected in the performance of the share. It was only in September of last year that the start-up merged with a Spac in order to be listed on the New York technology exchange Nasdaq. At the start, the shares cost 10 US dollars (we reported). In the meantime, the value of the shares has fallen to 3.90 US dollars.

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