<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/02/midnight-side-profile-on-tarmac-1.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/02/midnight-side-profile-on-tarmac-1.jpg"/></p>
<p>Archer Aviation（ACHR）和 Lilium（LILM）是两家最受欢迎的电动垂直起降（EVTOL）或飞行汽车公司之一。总部位于德国的 Lilium 市值超过 4.82 亿美元，而 Archer 市值为 11 亿美元。Joby Aviation 的估值为 38 亿美元，比它们都要大得多。</p>
<p>这些公司致力于改变城市交通行业，通过打造可以在任何地方降落的电池电动直升机。多年来，它们已经燃烧了数十亿美元来建造飞行器并获得批准。本文将重点关注 Archer Aviation 和 Lilium，并突出其中哪家更值得投资。</p>
<h2>Lilium | LILM</h2>
<p>Lilium 是一家德国飞行汽车公司，自 2015 年以来一直在研发飞行器。在这段时间内，它从腾讯、Atomico 和 Bailie Gifford 等公司筹集了资金。它于 2021 年通过 SPAC 合并上市。</p>
<p>Lilium 正在研发一款主要用于城市中心的 EVTOL。其首架飞机将配备多台发动机和宽敞的机舱，可搭载约四人。其翼展意味着它可以降落在大多数城市现有的直升机停机坪上。</p>
<p>Lilium 为了在计划的 2026 年交付前对其飞机进行了大量测试。作为这一过程的一部分，它已经获得了欧洲安全管理局的多项认证。它还获得了大量订单，并正在研发将为飞机提供动力的电池。</p>
<p>据管理层称，该公司已经收到了来自汉莎航空、UrbanLink 和 eVolaire 等公司的 56 份确定订单。其总订单管道超过 780 架飞机。</p>
<p>与其他尚未实现营收的公司一样，Lilium 一直在烧钱，过去五年的净亏损超过 13 亿美元。</p>
<p>根据 SeekingAlpha 的数据，上个季度其总现金和短期投资达到了 2.15 亿美元以上。七月份，它出售了超过 9700 万股以增强资产负债表。</p>
<p>德国和巴伐利亚州政府也在考虑为 Lilium 提供担保融资。如果尽职调查结果积极，该公司希望获得约 2 亿欧元的资金。</p>
<h2>Archer Aviation | ACHR</h2>
<p>Archer Aviation 是一家美国 EVTOL 公司，也在努力实现飞行汽车的梦想。目前，它正在对其 Midnight 飞机进行测试，今年测试飞行次数已提前完成 400 次。它还向美国空军交付了首架飞机。</p>
<p>与 Lilium 一样，Archer Aviation 在认证和筹款方面取得了很大进展。第二季度，它获得了约 2.3 亿美元的额外资本，并宣布了大量采购订单。</p>
<p>最重要的发展是 Stellantis 扩大了与 Archer Aviation 的合作和资金支持。除了提供资金外，Stellantis 还将协助其进行制造。它将资助飞机的制造，然后通过股权每季度获得回报。这项资金的总金额约为 4 亿美元。</p>
<p>Archer Aviation 还从西南航空获得了大量订单，希望利用这些飞机将客户从机场运送到其他地区。它还确定了旧金山、纳帕和圣何塞等地的起降点。</p>
<p>Archer 还宣布了一系列大额订单。例如，Future Flight Global 已签署协议购买价值约 5.8 亿美元的 116 架飞机，这意味着其飞机成本约为 500 万美元。</p>
<p>Archer 希望开始加快飞机的制造。2025 年将制造 10 架飞机，2026 年制造 48 架，2027 年制造 252 架，随后一年制造 650 架。它希望到 2027 年实现 50% 的毛利润和正面运营利润。</p>
<p>阅读更多：分析师对 Archer Aviation 股票持乐观态度：你应该吗？</p>
<h2>Lilium vs Archer Aviation</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Lilium-vs-ACHR-1024x354.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Lilium-vs-ACHR-1024x354.png"/></p>
<p>今年两家公司表现不佳，Archer Aviation 股价下跌了 50%，Lilium 下跌了 35%。ACHR 比今年最高点下跌了 57%，而 Lilium 下跌了 43%。</p>
<p>Archer 的空头头寸比例为 16%，而 Lilium 为 4.4%。这表明许多投资者预计 ACHR 在短期内将继续表现不佳。</p>
<p>这两家公司还遭到做空者的攻击，他们预测股价将继续下跌。Grizzly Research 指责 Archer 是一家无用公司。</p>
<p>Grizzly 在过去曾准确预测了其他几家公司，包括 PDD Holdings、Giga Cloud、蔚来汽车和 Celsius Holdings。</p>
<p>另一方面，Iceberg Research 指责 Lilium，该机构还点名了 BigBear AI 和 Hyzon Motors 等公司。它指责 Lilium 技术较差，并且误导订单。</p>
<p>我认为 EVTOL 公司面临着重大挑战，投资者将继续被稀释。尽管如此，如果我必须在 Lilium 和 Archer Aviation 之间做出选择，我会选择 Archer。</p>
<p>本文来源于 Invezz，原文标题为《Archer Aviation vs Lilium: which is the better flying car stock?》</p>

ACHR

LILMF

<p>Archer Aviation（ACHR）和 Lilium（LILM）是领先的电动垂直起降（EVTOL）公司，其中 Lilium 的市值大于 Archer。这两家公司都在为城市交通开发飞行器，但都面临着巨大的财务损失。Archer 已经获得了大量订单和资金，而 Lilium 正在寻求政府支持。今年，这两只股票都下跌了，Archer 下跌了 50%，Lilium 下跌了 35%。分析师对它们未来的表现持分歧意见，空头头寸也在瞄准这两家公司</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/02/midnight-side-profile-on-tarmac-1.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/02/midnight-side-profile-on-tarmac-1.jpg"/></p>
<p>Archer Aviation (ACHR) and Lilium (LILM) are two of the most popular electric vertical takeoff and landing (EVTOL) or flying car companies. Lilium, a German company, has a market cap of over $482 million while Archer has $1.1 billion. Joby Aviation is much bigger than them with a $3.8 billion valuation.</p>
<div class="lb-trans"><p>Archer Aviation（ACHR）和 Lilium（LILM）是两家最受欢迎的电动垂直起降（EVTOL）或飞行汽车公司之一。总部位于德国的 Lilium 市值超过 4.82 亿美元，而 Archer 市值为 11 亿美元。Joby Aviation 的估值为 38 亿美元，比它们都要大得多。</p>
</div><p>These companies are working to change the urban transport industry by creating battery-electric helicopters that can land anywhere. Over the years, they have burned billions of dollars building their vehicles and receiving approvals. This article looks at Archer Aviation and Lilium and highlights the better one to invest in.</p>
<div class="lb-trans"><p>这些公司致力于改变城市交通行业，通过打造可以在任何地方降落的电池电动直升机。多年来，它们已经燃烧了数十亿美元来建造飞行器并获得批准。本文将重点关注 Archer Aviation 和 Lilium，并突出其中哪家更值得投资。</p>
</div><h2>Lilium | LILM</h2>
<div class="lb-trans"><h2>Lilium | LILM</h2>
</div><p>Lilium is a German flying car company that has been building its planes since 2015. In this period, it has raised funds from companies like Tencent, Atomico, and Bailie Gifford. It went public through a SPAC merger in 2021.</p>
<div class="lb-trans"><p>Lilium 是一家德国飞行汽车公司，自 2015 年以来一直在研发飞行器。在这段时间内，它从腾讯、Atomico 和 Bailie Gifford 等公司筹集了资金。它于 2021 年通过 SPAC 合并上市。</p>
</div><p>Lilium is building an EVTOL that will mostly be used in urban centers. Its initial jet will have several engines and a spacious cabin that will carry about four people. Its wingspan means that it can land in most of the existing helipads in most cities.</p>
<div class="lb-trans"><p>Lilium 正在研发一款主要用于城市中心的 EVTOL。其首架飞机将配备多台发动机和宽敞的机舱，可搭载约四人。其翼展意味着它可以降落在大多数城市现有的直升机停机坪上。</p>
</div><p>Lilium has worked hard to test its jet ahead of the planned 2026 deliveries. As part of this process, it has received several certifications from the European Safety Authority. It has also received large orders and is also working on the batteries that will power the jet.</p>
<div class="lb-trans"><p>Lilium 为了在计划的 2026 年交付前对其飞机进行了大量测试。作为这一过程的一部分，它已经获得了欧洲安全管理局的多项认证。它还获得了大量订单，并正在研发将为飞机提供动力的电池。</p>
</div><p>According to the management, the company has received 56 firm orders from the likes of Lufthansa, UrbanLink, and eVolaire. Its total order pipeline is of over 780 jets.</p>
<div class="lb-trans"><p>据管理层称，该公司已经收到了来自汉莎航空、UrbanLink 和 eVolaire 等公司的 56 份确定订单。其总订单管道超过 780 架飞机。</p>
</div><p>Lilium, like other pre-revenue companies, has been burning cash, with its total net loss in the last five years being over $1.3 billion.</p>
<div class="lb-trans"><p>与其他尚未实现营收的公司一样，Lilium 一直在烧钱，过去五年的净亏损超过 13 亿美元。</p>
</div><p>According to SeekingAlpha, its total cash and short-term investments stood at over $215 million in the last quarter. And in July, it sold over 97 million shares to boost its balance sheet.</p>
<div class="lb-trans"><p>根据 SeekingAlpha 的数据，上个季度其总现金和短期投资达到了 2.15 亿美元以上。七月份，它出售了超过 9700 万股以增强资产负债表。</p>
</div><p>Lilium is also being considered by the German and the Bavarian state government for funding guarantee. If the due diligence is positive, the company hopes to receive about 200 million euros.</p>
<div class="lb-trans"><p>德国和巴伐利亚州政府也在考虑为 Lilium 提供担保融资。如果尽职调查结果积极，该公司希望获得约 2 亿欧元的资金。</p>
</div><h2>Archer Aviation | ACHR</h2>
<div class="lb-trans"><h2>Archer Aviation | ACHR</h2>
</div><p>Archer Aviation is an American evTOL company that is also working on making flying vehicles a reality. It is currently doing testing on its Midnight plane, which has now passed 400 test flights this year ahead of schedule. It has also delivered its initial jet to the US Air Force.</p>
<div class="lb-trans"><p>Archer Aviation 是一家美国 EVTOL 公司，也在努力实现飞行汽车的梦想。目前，它正在对其 Midnight 飞机进行测试，今年测试飞行次数已提前完成 400 次。它还向美国空军交付了首架飞机。</p>
</div><p>Like Lilium, Archer Aviation has made a lot of progress in terms of certification and fundraising. In the second quarter, it acquired about $230 million of additional capital and announced huge purchase orders.</p>
<div class="lb-trans"><p>与 Lilium 一样，Archer Aviation 在认证和筹款方面取得了很大进展。第二季度，它获得了约 2.3 亿美元的额外资本，并宣布了大量采购订单。</p>
</div><p>The most important development was that Stellantis expanded its relationship and funding. In addition to providing money, Stellantis will also help it in manufacturing. It will fund the jets manufacturing and then be reimbursed quarterly through equity. The total amount of this funding is approximated to be about $400 million.</p>
<div class="lb-trans"><p>最重要的发展是 Stellantis 扩大了与 Archer Aviation 的合作和资金支持。除了提供资金外，Stellantis 还将协助其进行制造。它将资助飞机的制造，然后通过股权每季度获得回报。这项资金的总金额约为 4 亿美元。</p>
</div><p>Archer Aviation has also secured large orders from Southwest Airlines, which hopes to use these jets to transport clients from the airport to other areas. It has also identified takeoff and landing locations in San Francisco, Napa, and San Jose.</p>
<div class="lb-trans"><p>Archer Aviation 还从西南航空获得了大量订单，希望利用这些飞机将客户从机场运送到其他地区。它还确定了旧金山、纳帕和圣何塞等地的起降点。</p>
</div><p>Archer has also announced a series of large orders. For example, Future Flight Global has signed an agreement to buy 116 jets worth about $580 million, meaning that its jet costs about $5 million.</p>
<div class="lb-trans"><p>Archer 还宣布了一系列大额订单。例如，Future Flight Global 已签署协议购买价值约 5.8 亿美元的 116 架飞机，这意味着其飞机成本约为 500 万美元。</p>
</div><p>Archer hopes to start ramping up manufacturing of its aircraft. It will manufacture 10 jets in 2025 followed by 48 in 2026, 252 in 2027, and 650 in the following year. It hopes to have a gross margin of 50% by 2027 and a positive operating margin.</p>
<div class="lb-trans"><p>Archer 希望开始加快飞机的制造。2025 年将制造 10 架飞机，2026 年制造 48 架，2027 年制造 252 架，随后一年制造 650 架。它希望到 2027 年实现 50% 的毛利润和正面运营利润。</p>
</div><p>Read more: Analysts are upbeat about Archer Aviation stock: should you?</p>
<div class="lb-trans"><p>阅读更多：分析师对 Archer Aviation 股票持乐观态度：你应该吗？</p>
</div><h2>Lilium vs Archer Aviation</h2>
<div class="lb-trans"><h2>Lilium vs Archer Aviation</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/Lilium-vs-ACHR-1024x354.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/Lilium-vs-ACHR-1024x354.png"/></p>
<p>The two companies have not done well this year, with Archer Aviation stock falling by 50% and Lilium retreating by 35%. ACHR is down by 57% from its highest point this year while Lilium has dropped by 43%.</p>
<div class="lb-trans"><p>今年两家公司表现不佳，Archer Aviation 股价下跌了 50%，Lilium 下跌了 35%。ACHR 比今年最高点下跌了 57%，而 Lilium 下跌了 43%。</p>
</div><p>Archer also has a higher short interest of 16% while Lilium’s stands at 4.4%. This is a sign that many investors expect that ACHR will continue underperforming in the near term.</p>
<div class="lb-trans"><p>Archer 的空头头寸比例为 16%，而 Lilium 为 4.4%。这表明许多投资者预计 ACHR 在短期内将继续表现不佳。</p>
</div><p>The two companies have also been attacked by short sellers who have predicted that the stocks will continue falling. Archer was accused by Grizzly Research, who accused it of being a lame duck.</p>
<div class="lb-trans"><p>这两家公司还遭到做空者的攻击，他们预测股价将继续下跌。Grizzly Research 指责 Archer 是一家无用公司。</p>
</div><p>Grizzly has been right on several other companies in the past, including PDD Holdings, Giga Cloud, Nio, and Celsius Holdings.</p>
<div class="lb-trans"><p>Grizzly 在过去曾准确预测了其他几家公司，包括 PDD Holdings、Giga Cloud、蔚来汽车和 Celsius Holdings。</p>
</div><p>Lilium, on the other hand, has been accused by Iceberg Research, which has also called out firms like BigBear AI and Hyzon Motors. It accused Lilium of having inferior technology and misrepresenting orders.</p>
<div class="lb-trans"><p>另一方面，Iceberg Research 指责 Lilium，该机构还点名了 BigBear AI 和 Hyzon Motors 等公司。它指责 Lilium 技术较差，并且误导订单。</p>
</div><p>I believe that eVTOL companies faces major challenges ahead and that investors will continue being diluted. Nonetheless, if I was to choose between Lilium and Archer Aviation, I would go with Archer.</p>
<div class="lb-trans"><p>我认为 EVTOL 公司面临着重大挑战，投资者将继续被稀释。尽管如此，如果我必须在 Lilium 和 Archer Aviation 之间做出选择，我会选择 Archer。</p>
</div><p>The post Archer Aviation vs Lilium: which is the better flying car stock? appeared first on Invezz</p>
<div class="lb-trans"><p>本文来源于 Invezz，原文标题为《Archer Aviation vs Lilium: which is the better flying car stock?》</p>
</div>

Archer Aviation 与 Lilium：哪只飞行汽车股票更好？