Lilium to sell 100 Lilium Jets to Heli-Eastern for the development of premium eVTOL services in China

June 20, 2023

(24/7 MARKET NEWS) – Lilium N.V. (NASDAQ:LILM) announced, over the weekend, that it reached an agreement with Shenzhen Eastern General Aviation Co., Ltd (Heli-Eastern), for an order of 100 Lilium Jets and to jointly develop eVTOL services across the Guangdong-Hong Kong-Macao Greater Bay Area.

Lilium is trading at $1.41, up 0.14 (+11.02%), on 1.39M premarket shares traded.

Its 52-week range is $0.3701 to 3.25. The VTOL market has been on fire over the past two months, but may be rolling over. If this can break through the $1.47 resistance, on strong volume, it could challenge its November and October trading levels.

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