Start typing to see results or hit ESC to close. Electrical, fan and flap failures were mitigated by the electrical and flight control systems. battery mass has been estimated at 240 kg, with a battery mass to total mass ratio of 49%. After the Registration Statement is declared effective, the definitive proxy statement/prospectus to be included in the Registration Statement will be mailed to shareholders of Qell as of a record date to be established for voting on the business combination. https://www.electrive.com/2021/07/28/customcells-to-deliver-batteries-for-lilium/. Lilium's Battery Strategy: Performance at Scale - Lilium (iii) A projected Operational Range of ~175km assuming a vertical takeoff at Maximum Take-Off Weight (MTOW) and vertical landing (45 seconds duration) such that 20% state of charge remains following the landing. The battery specialist will "play a critical role in scaling up production of the 7-Lilium jet ahead of its planned launch in 2024", both announcements say. There are three broad categories of EVTOL aircraft: 1) multirotor, similar to . extraction back into original compounds) in order to be able to repurpose the majority of the materials we use in our batteries. The preliminary and definitive proxy statement/prospectus to be included in the Registration Statement may also be obtained, without charge, on the SECs website (www.sec.gov). A revised analysis indicates that Liliums eVTOL battery strategy is technically possible, if still risky. The airframe of the Lilium Jet will be made of high-performance carbon fibre composite materials. across Europe and beyond. It is important to note that development on this Zenlabs cell technology is ongoing and that we will likely use a further evolution of this cell technology in our production aircraft in order further improve operational performance while meeting anticipated certification requirements. Lilium says that it refers to the propulsion system as a "jet" because the propellers are enclosed in nacelles. Now Lilium was only able to collect 584 million dollars. Not only that: the vehicle goes from a 1750 ft/min climb to 0ft/min in the 8 seconds after the transition, or a vertical deceleration of about 1m/s^2. Following their partnership announcement in 2021, Customcells and Lilium are now successfully leveraging a pre-lithiation process that the companies are further industrialising towards volume production. Zeen is a next generation WordPress theme. CUSTOMCELLS is one of the leading companies in the fields of development and series production of special lithium-ion battery cells. (LogOut/ Lilium should have remained a school project and never come to market to raise hundreds of millions. Financing for the Lilium aircraft's development. Customcells, also a partner to Porsche, guarantees production capacity in Tbingen, where it works with equipment manufacturer Manz AG. The motors are installed above twelve tiltable rear flaps. His entire report has been attached below. Prof. Gollnick spoke to the aeronautics professors named in Liliums white paper. We hope to be able to share more exciting news of our progress in the months to come. Forward-looking statements speak only as of the date they are made. Consequently, the stated landing phase is short in duration and only encountered in the very final phases of flight, when decelerating to a hover and descending to the vertiport. Spun off from the Fraunhofer Institute in 2012, the company now has two independent production and development sites in Itzehoe and Tbingen. It is mandatory to procure user consent prior to running these cookies on your website. The paper shows that assuming a battery energy density of 320kWh=kg, the maximum range of the aircraft is 261km. So we are always actively monitoring technological developments and can incorporate new battery technologies into the aircraft system in the future subject to a rigorous safety and certification process. You can withdraw your consent to the use of your personal data and the sending of the newsletter at any time by sending an e-mail to socialmedia@lilium.com or the e-mail address provided in our imprint, or by clicking the unsubscribe link in each e-mail you receive from us. Lilium speaks unspecifically of large-scale lithium-ion batteries that Customcells will produce for the eVTOL aircraft based on the technology licensed from Lilium. Handelsblatt reported in July, A look through the darkened windows shows: Liliums demonstrator is still flying with a forklift battery, which takes up a large part of the cockpit. Founded in 2015, Liliums headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit lilium.com. Bringing together two German innovators in energy and aerospace, with guaranteed production capacity at CUSTOMCELLS's state-of-the-art research and production sites in Germany, this partnership will play a crucial role in scaling up production of the 7-Seater Lilium Jet ahead of planned commercial launch in 2024. A second partially-constructed prototype was undamaged. Made in Germany! Working with aerospace, technology and infrastructure leaders, commercial operations are planned to launch in 2024. But they did not agree with the numerical assumptions. Based on that research, we concluded that Zenlabs pouch cells, lithium-ion batteries using high-silicon anode and high-nickel cathode, offered the best solution for achieving our needs through performance, certification, and into scale production. and free of charge. Zenlabs recently released test data from Energy Assurance, a third-party testing laboratory, which demonstrates that the Zenlabs cell can maintain high specific power of 2500 W/kg even at a low State of Charge (SOC). Importantly, our energy system and the supply chain behind it (including CUSTOMCELLS) have been designed to meet the rigorous safety and certification standards that we expect regulators to adopt. Lilium regularly releases PR statements on future suppliers, potential partners, and even its fancy cabin design. The hover performances have been computed using. We are also excited by the potential strategic synergies between sustainability and supply assurance. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); https://www.darpa.mil/news-events/2017-04-04, How Singapores Regulators have failed Nobles Investors and Shielded theFraudsters, Quantum Computing Inc. ($QUBT): On its Way to Vacuumstate. New risks emerge every day. The drive-carrying flaps pivot downwards for vertical launch. These cookies do not store any personal information. Lilium, who became a major investor in Zenlabs in 2021, has the exclusive rights to use Zenlabs cells in commercial regional eVTOL applications. [1] A seven-seat production version is planned. So not actually evidence of the canard generating lift, only of (somewhat) laminar flow. The Lilium Group will operate in a rapidly changing emerging industry. Electric aircraft developer Lilium announced on Monday that it has received the G-1 Certification Basis from the FAA for its Lilium Jet all-electric vertical takeoff and landing (eVTOL) design. The failure of Iceberg to exercise or enforce any right or provision of this disclaimer shall not constitute a waiver of this right or provision. Liliums vision is to create a sustainable and accessible mode of high-speed, regional transportation. This announcement follows recent test results from a third-party independent laboratory which reported 88% energy retention well above the 80% target in Ionbloxs full-size prototype battery cells being developed for the Lilium Jet after 800 charging cycles with 100% depth of discharge (1C/1C cycles). At Lilium, were on a mission to create radically better ways of moving. Lillium Jet - Feasibility Study - LinkedIn Release DateNovember 15, 2022Liliums implausible battery requirements get a second lookPurchase a PDF of this article The promise of energy-efficient battery-powered urban aircraft A few days ago it became known that Porsche and two other shareholders have now also joined Customcells and the path could lead away from custom-made products towards large-scale cell production. With our unique zero operating emissions eVTOL jet technology, we plan to transform high-speed regional air mobility. Lilium partners with CUSTOMCELLS to produce high-performance silicon Customcells will set up silicon anode battery manufacturing for several customers, he said. As we said from the start, our priority has always been delivering a capable eVTOL jet that can open up truly sustainable regional air mobility. The Lilium electric jet will use batteries manufactured by Germany's It has switched to filing financial reports in euros, on the basis that the majority of its liabilities and costs are denominated in this currency. No Offer or Solicitation This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination. In March, the Lilium management around CEO Daniel Wiegand had still hoped for proceeds of almost 830 million dollars. Energy: Let's ignore everything and simply say, it needs 300kWh for a distance of 300km, that is 100kWh per 100km compared to an electric car with 10-20kWh per 100km and a "hover" energy demand of. The little ropes mean nothing. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f50fb45-7ab1-442b-bda6-eb34958fc09e, https://www.globenewswire.com/NewsRoom/AttachmentNg/1f50fb45-7ab1-442b-bda6-eb34958fc09e, COLUMN-Broadening horizons - deceptive breadth of equity rally :Mike Dolan, GLOBAL MARKETS-Asian shares lower on growth concerns, focus shifts to Fed minutes, FOREX-Dollar steady before Fed minutes; Aussie slips on China weakness, Federal court rules against Australia's AMP in class action proceedings, shares tank, PRESS DIGEST- New York Times business news - July 5. Translating this to the aircraft, we expect these cells deliver the following performance for the Lilium Jet: (i) The required power for takeoff (hover), cruise and landing; (ii) A projected Physical Range of over 250km, assuming short duration vertical take-off and landing, at Operational Empty Weight (OEW); and. PARIS (Reuters) - German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its electrically powered Lilium Jet flying shuttles a year, while. You can find more information about our newsletter and how we process your data in our Website Privacy Notice. MUNICH, Germany, March 28, 2023 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, and battery cell production partner, Customcells, are ramping up battery cell production of Liliums high silicon content cells with weekly deliveries from Customcells production line in Tbingen, Germany. The aircraft is 7-seater with a cruise speed of 300km=hand maximum take-o mass of 3;175kg. The Air Currentis a subscription-based reporting and analysis service for the global aerospace and aviation industry. Image: Lilium. The German company plans to add another technology demonstrator to the flight-test program as it prepares to start building the first type-conforming example of the. The main objective of the joint venture is to operate a production plant with a capacity of at least 100 MWh per year. Daniel Wiegand, Co-Founder and CEO of Lilium said:With their extensive experience of designing and producing customised high-performance Li-Ion batteries for automotive and aviation applications, CUSTOMCELLS is an ideal partner to manufacture aerospace-quality battery cells for our jet. After 6 years and 4 generations of prototypes and demonstrators they finally achieved full transition of the front canard. This report and all statements contained herein are the opinion of Iceberg and are not statements of fact. In no event will Iceberg be liable for any direct or indirect trading losses caused by any information available on this report. Lilium's eVTOL Aircraft Achieves Full Transition In Test Flights All forward-looking statements attributable to Lilium or any person acting on its behalf are expressly qualified in their entirety by this cautionary statement. Design and features of Lilium Jet. Piloted simulation tests have demonstrated typical vertical landings to be of significantly shorter duration. Lilium & Customcells start battery production - electrive.com You can find more information about our newsletter and how we process your data in our Website Privacy Notice. . We may continue transacting in the securities of the company covered in this report, and we may buy, sell, cover or otherwise change the form or substance of our position in the issuer regardless of our initial views set out herein. Transition is where the wings generate lift to work against gravity, in the video we see that it is still the thrust vector that overcomes it. This is claimed to be significantly more economical than a conventional rotorcraft, however the propulsion configuration generates very high disc loading and power-delivery requirements significantly exceeding the leading competitive eVTOL designs. ("As an investor in Zenlabs since 2021, Lilium has . Think critically about our opinions and do your own research and analysis before making any investment decisions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall Iceberg offer, sell or buy any security to or from any person through this site or reports on this site. [9] At the transition to the horizontal position, forward thrust is generated. Zenlabss magical cell properties are meaningless without durability. Lilium says it employs around 650 people, including 400 engineers. You can publicly access any piece of evidence cited in this report or that we relied on to write this report. Established aerospace suppliers may use components that have already achieved a minimum performance standard recognized by regulators, which could save time in the certification process. It will help us to reduce our time to market and still be safe., The air taxi market prepares to take flight. a wide range of relevant stories and As of late September, Lilium had filed 69 patent applications, of which the European Patent Office has published 42. . Copyright 2023 AIN Media Group, Inc. All Rights Reserved. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Liliums, Qells and Lilium N.V.s proposed business and business model, the markets and industry in which Lilium, Qell and Lilium N.V. (collectively, the Lilium Group) intend to operate, the anticipated timing of the commercialization and launch of the Lilium Groups business and Lilium N.V.s officers and directors. Using the Lilium Jet, an all-electric vertical take-off and landing jet, offering leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. We have focused on the development of a novel, world-class battery system with the performance and scalability required for aviation we believe this battery will allow us to move confidently towards certification and commercialization. It underlines the strength of the German manufacturing and technology ecosystem. The first prototype was destroyed by fire during maintenance on 27 February 2020. Getting to scale requires more than manufacturing capability, it also is going to require scarce raw materials, such as lithium, nickel, manganese, and cobalt. By downloading, opening and/or reading this report you knowingly and independently agree: (i) to abide by the terms of service of our website, which are hereby fully incorporated herein, (ii) that any dispute arising from your use of this report or viewing the material herein shall be governed by the laws of the State of New York, United States, without regard to any conflict of law provisions; (iii) to submit to the personal and exclusive jurisdiction of the superior courts located within the State of New York and waive your right to any other jurisdiction or applicable law; and (iv) that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred. Lilium's recent blog post suggests the company has found the world's best battery technology to support its ambitious 250km range: "You can see that the advantage of the Zenlabs cell is its combination of both superior specific energy and specific power capabilities. Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. They have already shown their ability to build highly reliable batteries at scale with all sorts of unique capability sets for several battery-powered applications from sports cars to the maritime industry and even medical devices. Core to the success of that revolution is the e in eVTOL electric. You agree to do your own research and due diligence before making any investment decision with respect to securities discussed herein. You represent to Iceberg that you have sufficient investment sophistication to critically assess the information, analysis and opinions in this report. The unmanned first flight of the two-seat Eagle full size prototype was on 20 April 2017 at the Mindelheim-Mattsies airfield, Bavaria, Germany.[3]. Zenlabs Battery Cells to Power Lilium eVTOL Aircraft - CleanTechnica Its unlikely that climbing at 1700 ft/min is going to be a huge battery saver. Bringing together two German innovators in energy and aerospace, with guaranteed production capacity at CUSTOMCELLSs state-of-the-art research and production sites in Germany, this partnership will play a crucial role in scaling up production of the 7-Seater Lilium Jet ahead of planned commercial launch in 2024. In terms of recycling strategy, we are seeking through our partners second-life applications for used batteries as well as raw material recycling from our batteries (I.e. Lilium Jet, a two-seat all-electric eVTOL commuter aircraft You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. workday short, to the point, However, Liliums proceeds from the IPO are significantly less than hoped for, as 65 per cent of the original Qell shareholders preferred to return their securities instead of exchanging them for Lilium shares. As in: not credible. Lilium 7-Seater eVTOL Jet, Germany - Aerospace Technology The design features no tail, no rudder, no variable pitch, no propellers, no gearboxes, no oil circuits and only one moving part in each engine. By checking the box, I agree with the processing of my e-mail address and data for the purpose of receiving the newsletter about the website, products, services, and recent news from Lilium. Most recently, Lilium and Livent a pioneer in lithium technology innovation and production have agreed to collaborate on the advancement of lithium metal technology for use in high-performance battery cells. Lilium recently acknowledged that its mysterious potential battery technology provider is Zenlabs, which we suspected. Liliums decision to outsource major components to established manufacturers is a departure from many of the other leading eVTOL developers, like Joby Aviation, which have chosen to keep much of the engineering and production in-house. Lilium has never denied that its all-electric Lilium Jet, which features 30 ducted fans across its main wings and canards, will require more power to hover than competing eVTOL designs due to its high disc loading, which is the ratio of an aircrafts weight to the area swept by its lifting blades. In this case, I understand and agree that opening the newsletter and clicking on links in the newsletter will also be visible to Lilium for analytical purposes, as described in the. As one of the leading companies in the development and series production of special lithium-ion battery cells, Customcells is setting the pace for a comprehensive technological transformation. 2. You further agree that you will not communicate the contents of this report to any other person unless that person has agreed to be bound by these same terms of service. Ensuring our supply of key raw materials is therefore one of the key challenges facing the eVTOL industry. We'll assume you're ok with this, but you can opt-out if you wish. Typically, lithium-ion cells have been able to achieve either high specific power or high specific energy, but not both. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Lilium already made a deal with Customcells in 2021 to secure cell production in Germany. The cells with silicon anodes will be manufactured in Tbingen and will be used in the Lilium Jet. Lilium and Customcells ramp up silicon anode battery cell production Both companies announce this in their own press releases without, however, giving details of the agreement. Meredith Bell, Lilium+41 79 432 57 79meredith.bell@lilium.compress@lilium.com, Dr. Rainer Ohler (for Lilium) +49 172 489 0353 rainer.ohler@seniortrategists.com. fordecision makersin the By checking the box, I agree with the processing of my e-mail address and data for the purpose of receiving the newsletter about the website, products, services, and recent news from Lilium. 1/10th of hover power, depending on payload and operational scenario. Lilium said that its work with EASA is continuing as it seeks to reach a final agreement over the certification program, including the means of compliance (equivalent to FAAs G-2 stage). The Munich-based eVTOL company has developed an international network of partnerships with suppliers like Japanese company Toray Industries for carbon fiber composite; Spanish aerospace supplier Aciturri for the jets airframe; and Palantir Technologies, one of its investors, for software services. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Iceberg is not registered as an investment advisor in any jurisdiction. These results are presented in Table 9. newsletter is published every Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, the following risks: (i) the business combination with Qellmay not be completed in a timely manner or at all, which may adversely affect the price of Qells securities; (ii) the business combination may not be completed by Qells business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Qell; (iii) the parties failure to satisfy the conditions to the consummation of the business combination, such as Qells shareholders or Liliums shareholders failing to adopt the business combination agreement, failing to satisfy the minimum trust account amount following redemptions by Qells public shareholders or an inability to secure necessary governmental and regulatory approvals; (iv) the impact of COVID-19 on Liliums business or the business combination; (v) the Lilium Groups ability to implement business plans, operating models, forecasts and other expectations and identify and realize additional business opportunities after the completion of the proposed business combination; (vi) the failure of the Lilium Group and its current and future business partners to successfully develop and commercialize the Lilium Groups business or significant delays in its ability to do so; (vii) the Lilium Groups inability to secure or protect its intellectual property; (viii) the effect of the announcement or pendency of the proposed business combination on Lilium Groups business relationships, performance and operations generally; and (ix) the outcome of any legal proceedings that may be instituted against Qell or the Lilium Group related to the proposed business combination. *. Such statements are based on managements belief or interpretation of information currently available. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. This is a major difference that clearly undermines the white paper. vertical take-off and landing jet "offering leading capacity, low noise and high performance with zero operating emissions", according to Lilium . We are excited to work together in a southern German cluster for the next generation of Li-ion batteries for high-performance automotive and aerospace applications.. We intend that the Lilium Jet will be capable of performing a short running landing, as well as a vertical landing. Based on flexible manufacturing concepts and state-of-the-art research and production facilities, CUSTOMCELLS guarantees high-tech solutions for special applications and customised development and production of electrodes, electrolytes, battery cells and battery modules, depending on the customer's requirement profile. In today's news, Lilium and Customcells announced the scale-up mentioned above to weekly output. Lilium, in line with other major would-be players in the industry, has set an ambitious target of 2024 for commencing commercial operations. You are cautioned not to put undue reliance on forward-looking statements, and the Lilium Group assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Due to increasing demand for electric applications, especially in the mobility sector, these raw materials are becoming increasingly sought after. Maybe theyre all trying to get rich before anyone finds out? Lilium has been unable to respond to criticisms of the Jets power-hungry design. Utilising Liliums licensed technology, CUSTOMCELLS will industrialize battery cells for high-quality series production at its Tbingen location. As a reminder, the Lilium Jet eats through power at far greater rates than comparable vehicles. As of today, we have contractual arrangements with our battery cell suppliers to provide sufficient quantities for us to deliver the first conforming aircraft and our initial production ramp up. You can withdraw your consent to the use of your personal data and the sending of the newsletter at any time by sending an e-mail to socialmedia@lilium.com or the e-mail address provided in our imprint, or by clicking the unsubscribe link in each e-mail you receive from us. Indeed, there are also plans for partner Porsche to produce high-performance cells based on silicon as the anode material. Thats why weve engaged with CUSTOMCELLS as one of our key partners to manufacture our battery cells using Zenlabs technology under license. We bring our customised production and flexible manufacturing concepts to the partnership with Lilium., Daniel Wiegand, co-founder and CEO of Lilium, describes Customcells with its experience in the development and production of customised lithium-ion batteries as an ideal partner. Lilium recently announced its entry into a partnership with the German manufacturer of customer-specific lithium-ion battery (LiB) cells, CUSTOMCELLS. Lilium is also slowly learning that not all PR campaigns work out well. There is no redemption for companies when their technology is structurally flawed. The battery IP is the result of "multiple players," a .
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