German Battery Manufacturer CustomCells Files for Insolvency After Lilium's Financial Troubles

A battery manufacturer from Itzehoe reports bankruptcy. The reason for this is a loss of millions. What does Lilium have to do with it?

German Battery Manufacturer CustomCells Files for Insolvency After Lilium's Financial Troubles

CustomCells, a German battery cell developer, has filed for insolvency following financial difficulties caused by its largest customer, air taxi developer Lilium. The insolvency application affects the company’s main operating subsidiaries in Itzehoe and Tübingen, though the holding company of the CustomCells Group remains unaffected at this stage. The insolvency was triggered by Lilium’s inability [...] The post German Battery Manufacturer Cust…

Customcells wanted above all to supply battery cells for the aircraft taxi manufacturer Lilium. The company cannot manage its failure financially. (Aviation, technology)

The German battery developer CustomCells is facing financial difficulties. According to a company statement, insolvency proceedings have been initiated for the two main divisions in Itzehoe and Tübingen. The Kiel District Court appointed attorney Dr. Malte Köster as provisional insolvency administrator. He is a partner at the Willmerköster law firm, which specializes in insolvency law. The group's holding company is not currently affected by the…