Lilium, Honeywell and DENSO join forces to co-develop and manufacture e-motor for Lilium Jet
Lilium (NASDAQ:LILM) isÂ rising 2.57% premarketÂ Monday after the firm has partnered with Honeywell (NASDAQ:HON) and DENSO (OTCPK:DNZOY) to co-develop and manufacture the Lilium Jetâs electric motor that will power the Lilium Jetâs engines.
Through the integration, the Lilium Jetâs e-motor will benefit from Honeywellâs aerospace expertise as well as DENSOâs experience in high-quality volume production.
The Lilium e-motor is a proprietary, high-performance system, on which Lilium, DENSO and Honeywell teams have been working for nearly two years.