The company has entered into non-binding memoranda of understanding and term sheets with prospective strategic partners, including Saudi Arabian Airlines Corporation (SAUDIA), Bristow Group Inc., Brazilian airline Azul S.A. and Azul Linhas Aereas Brasileiras S.A. (collectively Azul), and NetJets Inc. (NetJets), to expand commercialization of the Lilium Jet. The company plans to use lithium-ion battery cells in the Lilium Jets, with battery packs designed to contain cell failure, although risks remain. Negative public perceptions related to lithium-ion cells and the mining of cobalt or lithium could adversely affect the business and its reputation.
Lilium N V's Comment on Supply Chain
The company has entered into non-binding memoranda of understanding and term sheets with prospective strategic partners, including Saudi Arabian Airlines Corporation (SAUDIA), Bristow Group Inc., Brazilian airline Azul S.A. and Azul Linhas Aereas Brasileiras S.A. (collectively Azul), and NetJets Inc. (NetJets), to expand commercialization of the Lilium Jet. The company plans to use lithium-ion battery cells in the Lilium Jets, with battery packs designed to contain cell failure, although risks remain. Negative public perceptions related to lithium-ion cells and the mining of cobalt or lithium could adversely affect the business and its reputation.
Sources:
Lilium N v 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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