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Electric aircraft startup Lilium ceases operations, 1,000 workers laid off

  • Electric aircraft startup Lilium has ceased operations, affecting its entire workforce of 1,000 workers laid off.
  • Lilium was developing electric vertical takeoff and landing aircraft as part of its mission.
  • Lilium aimed to revolutionize urban air mobility before its closure.
  • This event marks a significant setback for the electric aviation industry.
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