local media reports that the German eVTOL manufacturer Lilium signed an agreement with the government of Bao’an district of Shenzhen city to set up their Asia headquarter in Bao’an district.

Lilium also reportedly signed 100 pre-order with a local helicopter operator.

As a background, Shenzhen is the head office of Tecent who is the largest shareholder of Lilium and who invested extra $100mn in Lilium in May