Lilium (NASDAQ:LILM) stock is a hot topic among traders on Thursday after the electric vertical takeoff and landing (eVTOL) company announced a partnership with Lufthansa (OTCMKTS:DLAKY).
A press release reveals that the companies have signed a Memorandum of Understanding that may see them explore a strategic partnership. This would focus on the development and use of eVTOL in Europe.
Lilium and Lufthansa are both interested in expanding the use of eVTOLs in the region. That includes seeking partnerships with third parties, such as airports, and setting up vertiports.
Lilium CEO Klaus Roewe said the following about a potential partnership with Lufthansa:
“The Lufthansa Group has been at the forefront of some of Europe’s most important aviation initiatives, especially in the area of environmental sustainability. We are thrilled to explore opportunities on bringing eVTOL flights to Lufthansa Group customers.”
LILM Stock Market Movement Today
News of a potential strategic alliance with Lufthansa has shares of LILM stock seeing strong trading on Thursday. As of this writing, more than 3.2 million shares of the company’s stock have changed hands. That’s quickly closing in on the stock’s daily average trading volume of about 3.6 million shares.
LILM stock is up 13.1% as of Thursday morning.
Traders on the lookout for all of the hottest stock market news on Thursday are going to want to keep reading!
We have all of the latest and greatest stock market coverage that investors need to know about today! That includes what’s happening with shares of Nikola (NASDAQ:NKLA), Cerevel Therapeutics (NASDAQ:CERE) and Fisker (NYSE:FSR) stock today. All of that news is ready to go at the following links!
More Thursday Stock Market News
- NKLA Stock: Nikola Plunges 20% on Share Offering News
- Why Is Cerevel Therapeutics (CERE) Stock Up 12% Today?
- CEO Henrik Fisker Addresses FSR Stock Declines
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
