Air taxi maker Lilium collaborates with Livent for R&D of lithium batteries

Lilium NV

27/05/2022 13:06

** Shares of air taxi maker  LILM.O  up 3.3% at $2.81
premarket 
    ** LILM says agreed for a research and development
collaboration agreement with Livent Corp  LTHM.N  
    ** Agreement to give LILM access to high-performance battery
cell technology that will power co's jets - Lilium 
    ** Livent supplies lithium to electric vehicle brands and
battery makers 
     ** Earlier this week, LILM picked aerospace component maker
Aernnova to collaborate on its jet's propulsion mounting system
 urn:newsml:reuters.com:*:nL3N2XH2EQ 
    ** Up to Thursday's close, stock had fallen about 61% YTD 

 (Reporting by Aishwarya Nair in Bengaluru)