Lilium N.V. LILM disclosed extending its existing partnership with InoBat to prepare large-scale production of its high-performance battery cells.
As per the terms, InoBat will build Lilium Jet battery cells at its existing Volta I and future Volta II plants in Voderady, Slovakia, with production at the Volta I plant due to start in early 2024.
InoBat's Volta II plant will be first gigafactory having a production capacity of up to 4 gigawatt hours (GWh), which is expected to be required to supply Lilium's battery cell needs in the coming years.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
The partnership reaffirms Lilium's multiple-sourcing strategy for cell production and will contribute towards securing a healthy supply of Lilium's battery cells for entry into service of the Lilium Jet and the years thereafter.
"We are delighted to move ahead with InoBat towards high-volume production of Lilium Jet battery cells. Consistent with best practice and our stated strategy, we expect that multiple cell suppliers will support our aircraft program, with the aim to ensure a reliable volume production of battery cells for years to come," said Yves Yemsi, COO of Lilium.
Price Action: LILM shares are trading lower by 5.77% at $0.8103 on the last check Friday.
Photo Via Company
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
