UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of June, 2023.
Commission File Number 001-40736
Lilium N.V.
(Translation of registrant’s name into English)
Claude Dornier Straße 1
Bldg. 335, 82234
Wessling, Germany
Telephone: +49 160 9704 6857
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
CONTENTS
Explanatory Note
On June 19, 2023, Lilium N.V. (the “Company” or “Lilium”) published a press release announcing that it has signed a Memorandum of Understanding with Bao’an District in Shenzhen, China, for the opening of a regional Lilium headquarters in Bao’an District as a first step in a partnership to establish a safe and sustainable eVTOL service in China with the Lilium Jet. The collaboration will initially focus on the Guangdong-Hong Kong-Macao Greater Bay Area, with plans to grow across China and the broader Asia-Pacific region. The press release is furnished as Exhibit 99.1 to this Report on Form 6-K.
On June 19, 2023, Lilium published a press release announcing that it has signed an agreement with Shenzhen Eastern General Aviation Co., Ltd (“Heli-Eastern”), a major low-altitude general aviation carrier and helicopter service provider in the Guangdong-Hong Kong-Macao Greater Bay Area in China. Under the agreement, Heli-Eastern intends to order 100 Lilium Jets. In addition, the agreement contemplates that Heli-Eastern will partner with Lilium to identify potential sites and partners for Lilium’s vertiports and other ground infrastructure. Heli-Eastern’s purchase of Lilium Jets is subject to the parties agreeing to final commercial terms and entering into definitive agreements with respect thereto. The press release is furnished as Exhibit 99.2 to this Report on Form 6-K.
As part of Lilium’s business strategy, Lilium continues to evaluate capital raising and strategic opportunities from and with a number of sources, including private investors, strategic partners, business counterparties, and government sources. Such opportunities could include joint ventures and strategic partnerships. We may enter into non-binding letters of intent as we assess the commercial appeal of potential transactions. Any potential transactions could be material to our business, financial condition and operating results and may involve the additional issuance of the Company’s Class A ordinary shares and/or other securities.
Incorporation by Reference
The paragraphs of the Explanatory Note above are hereby incorporated by reference into the Company’s registration statements on Form F-3 filed with the SEC on June 9, 2023 (File No. 333-272571), February 3, 2023 (File No. 333-269568), November 25, 2022, as amended or supplemented (File No. 333-268562) and October 3, 2022 (File Nos. 333-267718 and 333-267719), and the Company’s registration statement on Form S-8 filed with the SEC on November 18, 2021 (File No. 333-261175).
Forward-Looking Statements
The information contained in this Report on Form 6-K and the Exhibits attached hereto contain certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, the markets and industry in which the Lilium Group operates or intends to operate, the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases, the Lilium Group’s partnership with the Bao’an District in Shenzhen, China, including the agreement and related collaboration mentioned above, the Lilium Group’s partnership with Heli-Eastern, including the agreement and related collaboration mentioned above, the future performance of our innovations, and the expected results of the Lilium Group’s business and business model, including when launched in phases. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “establish” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this Report on Form 6-K and the Exhibits attached hereto include those discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (“SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2022 on file with the SEC, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Company 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: June 20, 2023 | Lilium N.V. | ||
| By: | /s/ Klaus Roewe | ||
| Name: | Klaus Roewe | ||
| Title: | Chief Executive Officer and Executive Director | ||
EXHIBIT INDEX
Exhibit 99.1
Bao'an District of Shenzhen municipality and Lilium partner for eVTOL service in China
| • | MoU signed is first step towards launching a safe and sustainable eVTOL service in China and the broader Asia-Pacific region, starting with the Greater Bay Area |
| • | Lilium plans to open a regional headquarters in Bao’an District before year-end with the aim of providing Lilium Jet sales, services, and support to the Greater Bay Area |
| • | Bao’an District to support market assessment, office and vertiport establishment, and entry into service in China for the Lilium Jet |
Paris, France, June 19 2023: The Bao’an District of Shenzhen municipality and Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, have signed a Memorandum of Understanding (MoU) for the opening of a regional Lilium headquarters in Bao’an District as a first step in a partnership to establish a safe and sustainable eVTOL service in China with the Lilium Jet. The collaboration will initially focus on the Guangdong–Hong Kong-Macao Greater Bay Area, with a population of over 85 million people, with plans to grow across China and the broader Asia-Pacific region.
The goal of the regional headquarters is to represent Lilium in China and the Asia-Pacific region and to facilitate Lilium Jet sales, services, and support in the area. The Bao’an District’s extensive regional knowledge will benefit Lilium as the two parties build the foundation for premium eVTOL operations in the Greater Bay Area, including defining launch routes, use cases, and other logistics related to the Lilium Jet’s entry into service.
A representative of the Bao’an District of Shenzhen municipality said: “As the aerial gateway of Shenzhen and a hub for the aerospace industry, Bao'an District possesses unique advantages in the development of the low-altitude economy, including a central location in the Greater Bay Area, robust industrial support, and a wide range of application scenarios. Lilium has always been at the forefront of the eVTOL field and is a global leader in electric aviation. Going forward, we will create a better environment and provide greater support for the project to land, allowing enterprises to develop in Bao'an with peace of mind. We also hope that Lilium will accelerate its footprint in Bao'an, expanding the establishment of sales centers, research and development centers, production, and other facilities in Bao'an, to achieve faster and stronger growth.”
Klaus Roewe, CEO of Lilium said: “China represents an enormous opportunity for the eVTOL industry we believe, projecting to amount to as much as 25% of the market. We are thrilled to be entering China with such a strong partner – the Bao’an District. Fast, comfortable, and sustainable transport will strongly contribute to the region’s development. We are grateful for the commitment and engagement the Bao’an District is offering.”
Lilium has strong customer interest for the Lilium Jet worldwide, and to date has a pipeline of potential sales from multiple customers across Europe, South America, the Middle East, the United States, and Asia. Entry into the important Chinese market underlines the rapid global penetration of Lilium as a leading eVTOL manufacturer.
Contact information for media:
Lilium
Meredith Bell
+41794325779
press@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. 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. Working with aerospace, technology, and infrastructure leaders, and with planned launch networks announced in Germany, the United States, Brazil, and the UK, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit lilium.com.
Lilium Forward Looking Statements:
The information contained in press release contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, the markets and industry in which the Lilium Group operates or intends to operate, the Lilium Group’s partnership with the Bao'an District of Shenzhen municipality including the agreement and related collaboration mentioned above, the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases and the expected results of the Lilium Group’s business and business model, including when launched in phases. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “establish,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include those discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (“SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2022 on file with the SEC, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Company 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.
Exhibit 99.2
Lilium signs agreement with Heli-Eastern for the purchase of Lilium Jets and the development of premium eVTOL services in China
• The two companies will jointly develop eVTOL services across the Guangdong-Hong Kong-Macao Greater Bay Area
• Heli-Eastern intends to purchase 100 Lilium Jets
• Heli-Eastern will operate the Lilium Jet fleet in the region and provide maintenance and crewing services
PARIS, France, June 19, 2023: Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (eVTOL) jet, announced an agreement with Shenzhen Eastern General Aviation Co., Ltd (Heli-Eastern), a major low-altitude general aviation carrier and helicopter service provider in the Guangdong-Hong Kong-Macao Greater Bay Area in China.
Under the agreement, Heli-Eastern, which operates across the Greater Bay Area, the Yangtze River Delta, and the Beijing-Tianjin-Hebei Areas, intends to order 100 Lilium Jets. In addition, the agreement contemplates that Heli-Eastern will partner with Lilium to identify potential sites and partners for Lilium’s vertiports and other ground infrastructure. Upon type-certification of the Lilium Jet, Heli-Eastern will operate the aircraft in the region and provide crewing and maintenance services.
The news follows today’s announcement of Lilium signing an MOU with the Bao’an District of Shenzhen municipality for the opening of a Lilium regional headquarters to represent the company in China and the Asia-Pacific region for Lilium Jet sales, services, and support.
Lilium CEO Klaus Roewe commented: “We are excited about Lilium’s expansion into China with such well-established local partners like Heli-Eastern. We see significant potential for Lilium’s eVTOL network in the Greater Bay Area, both to reach this important premium market, as well as to offer the sustainable, time-saving benefits of the Lilium Jet to as many people as possible.”
Zhao Qi, Chairman of Heli-Eastern said: “By partnering with Lilium, we are bringing the future of sustainable air mobility to China. With Lilium’s premium cabin design and innovative electric jet technology, our customers can travel throughout the Greater Bay Area and beyond quickly and sustainably.”
With this announcement, Lilium’s order pipeline has grown to 745 Lilium Jets from multiple customers across Europe, South America, the Middle East, the United States, and Asia.
Contact Information for media:
Lilium
Meredith Bell
+41794325779
press@lilium.com
Heli-Eastern
Chen Qibin
+86 4000755001
chenqibin@szdbth.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. 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. Working with aerospace, technology, and infrastructure leaders, and with planned launch networks announced in Germany, the United States, Brazil, and the UK, Lilium’s 800+ strong team includes approximately 450 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visitlilium.com
About Heli-Eastern
Heli-Eastern, a major helicopter operator in GBA China, the sole and premier provider of Guangdong-Hong Kong-Macau cross-border helicopter services. Approved by the Civil Aviation Administration of China as a pilot company for the Reform of Low-Altitude Airspace Management, and centered from its Yantian Headquarters in Shenzhen, Heli-Eastern takes the lead in practicing of the operations for Low-Altitude Economy Industry, and builds the low-altitude-airspace transport network oriented to the urban agglomerations in the Greater Bay Area, the Yangtze River Delta Region, and Beijing-Tianjin-Hebei Region. Heli-Eastern focuses on the Urban Air Mobility platform-based services, striving to launch China's first "Air Taxi" UAM operation platform, so as to provide the urban agglomerations a quality living and economy environment in 15-minutes-flight radius. To learn more, visit szdbth.com
Lilium Forward Looking Statements:
The information contained in press release contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, the markets and industry in which the Lilium Group operates or intends to operate, the Lilium Group’s agreement and related collaboration with Heli-Eastern as described above, the anticipated timing of the commercialization and launch of the Lilium Group’s business in phases and the expected results of the Lilium Group’s business and business model, including when launched in phases. Heli-Eastern’s purchase of 100 Lilium Jets is subject to the parties agreeing to final commercial terms and entering into definitive agreements with respect thereto. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “establish,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include those discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (“SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20- F for the year ended December 31, 2022 on file with the SEC, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Company 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.