Lilium, CITIC Offshore Helicopter Co. to launch eVTOL Network in China

Lilium and CITIC Offshore Helicopter Co. announced the signing of a Memorandum of Understanding that will allow the two companies to strategically collaborate on the establish of an eVTOL operation network in China, starting with the Greater Bay Area. As part of the agreement, Lilium and COHC will work together to develop services in the region based on market demand, and eventually offer regular eVTOL services. This will initially commence in the Greater Bay Area, with additional planned service across the Guangdong-Hong Kong-Macao Greater Bay Area, Hainan Island, and Tianjin in the future. COHC and Lilium are committed to jointly facilitating the launch of this groundbreaking service in the Greater Bay Area. This includes strategically selecting production bases, conducting test flights, implementing after-sales service protocols, and identifying potential sites of interest and partners for vertiports.