LILM - Lilium Honeywell and DENSO join forces to co-develop and manufacture e-motor for Lilium Jet

Lilium (NASDAQ:LILM) is rising 2.57% premarket Monday after the firm has partnered with Honeywell (NASDAQ:HON) and DENSO (OTCPK:DNZOY) to co-develop and manufacture the Lilium Jet’s electric motor that will power the Lilium Jet’s engines. Through the integration, the Lilium Jet’s e-motor will benefit from Honeywell’s aerospace expertise as well as DENSO’s 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.

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Lilium, Honeywell and DENSO join forces to co-develop and manufacture e-motor for Lilium Jet