<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）是兩家最受歡迎的電動垂直起降（EVTOL）或飛行汽車公司之一。總部位於德國的 Lilium 市值超過 4.82 億美元，而 Archer 市值為 11 億美元。Joby Aviation 的估值為 38 億美元，比它們都要大得多。</p>
<p>這些公司致力於改變城市交通行業，通過打造可以在任何地方降落的電池電動直升機。多年來，它們已經燃燒了數十億美元來建造飛行器並獲得批准。本文將重點關注 Archer Aviation 和 Lilium，並突出其中哪家更值得投資。</p>
<h2>Lilium | LILM</h2>
<p>Lilium 是一家德國飛行汽車公司，自 2015 年以來一直在研發飛行器。在這段時間內，它從騰訊、Atomico 和 Bailie Gifford 等公司籌集了資金。它於 2021 年通過 SPAC 合併上市。</p>
<p>Lilium 正在研發一款主要用於城市中心的 EVTOL。其首架飛機將配備多台發動機和寬敞的機艙，可搭載約四人。其翼展意味着它可以降落在大多數城市現有的直升機停機坪上。</p>
<p>Lilium 為了在計劃的 2026 年交付前對其飛機進行了大量測試。作為這一過程的一部分，它已經獲得了歐洲安全管理局的多項認證。它還獲得了大量訂單，並正在研發將為飛機提供動力的電池。</p>
<p>據管理層稱，該公司已經收到了來自漢莎航空、UrbanLink 和 eVolaire 等公司的 56 份確定訂單。其總訂單管道超過 780 架飛機。</p>
<p>與其他尚未實現營收的公司一樣，Lilium 一直在燒錢，過去五年的淨虧損超過 13 億美元。</p>
<p>根據 SeekingAlpha 的數據，上個季度其總現金和短期投資達到了 2.15 億美元以上。七月份，它出售了超過 9700 萬股以增強資產負債表。</p>
<p>德國和巴伐利亞州政府也在考慮為 Lilium 提供擔保融資。如果盡職調查結果積極，該公司希望獲得約 2 億歐元的資金。</p>
<h2>Archer Aviation | ACHR</h2>
<p>Archer Aviation 是一家美國 EVTOL 公司，也在努力實現飛行汽車的夢想。目前，它正在對其 Midnight 飛機進行測試，今年測試飛行次數已提前完成 400 次。它還向美國空軍交付了首架飛機。</p>
<p>與 Lilium 一樣，Archer Aviation 在認證和籌款方面取得了很大進展。第二季度，它獲得了約 2.3 億美元的額外資本，並宣佈了大量採購訂單。</p>
<p>最重要的發展是 Stellantis 擴大了與 Archer Aviation 的合作和資金支持。除了提供資金外，Stellantis 還將協助其進行製造。它將資助飛機的製造，然後通過股權每季度獲得回報。這項資金的總金額約為 4 億美元。</p>
<p>Archer Aviation 還從西南航空獲得了大量訂單，希望利用這些飛機將客户從機場運送到其他地區。它還確定了舊金山、納帕和聖何塞等地的起降點。</p>
<p>Archer 還宣佈了一系列大額訂單。例如，Future Flight Global 已簽署協議購買價值約 5.8 億美元的 116 架飛機，這意味着其飛機成本約為 500 萬美元。</p>
<p>Archer 希望開始加快飛機的製造。2025 年將製造 10 架飛機，2026 年製造 48 架，2027 年製造 252 架，隨後一年製造 650 架。它希望到 2027 年實現 50% 的毛利潤和正面運營利潤。</p>
<p>閲讀更多：分析師對 Archer Aviation 股票持樂觀態度：你應該嗎？</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>今年兩家公司表現不佳，Archer Aviation 股價下跌了 50%，Lilium 下跌了 35%。ACHR 比今年最高點下跌了 57%，而 Lilium 下跌了 43%。</p>
<p>Archer 的空頭頭寸比例為 16%，而 Lilium 為 4.4%。這表明許多投資者預計 ACHR 在短期內將繼續表現不佳。</p>
<p>這兩家公司還遭到做空者的攻擊，他們預測股價將繼續下跌。Grizzly Research 指責 Archer 是一家無用公司。</p>
<p>Grizzly 在過去曾準確預測了其他幾家公司，包括 PDD Holdings、Giga Cloud、蔚來汽車和 Celsius Holdings。</p>
<p>另一方面，Iceberg Research 指責 Lilium，該機構還點名了 BigBear AI 和 Hyzon Motors 等公司。它指責 Lilium 技術較差，並且誤導訂單。</p>
<p>我認為 EVTOL 公司面臨着重大挑戰，投資者將繼續被稀釋。儘管如此，如果我必須在 Lilium 和 Archer Aviation 之間做出選擇，我會選擇 Archer。</p>
<p>本文來源於 Invezz，原文標題為《Archer Aviation vs Lilium: which is the better flying car stock?》</p>

ACHR

LILMF

<p>Archer Aviation（ACHR）和 Lilium（LILM）是領先的電動垂直起降（EVTOL）公司，其中 Lilium 的市值大於 Archer。這兩家公司都在為城市交通開發飛行器，但都面臨着巨大的財務損失。Archer 已經獲得了大量訂單和資金，而 Lilium 正在尋求政府支持。今年，這兩隻股票都下跌了，Archer 下跌了 50%，Lilium 下跌了 35%。分析師對它們未來的表現持分歧意見，空頭頭寸也在瞄準這兩家公司</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）是兩家最受歡迎的電動垂直起降（EVTOL）或飛行汽車公司之一。總部位於德國的 Lilium 市值超過 4.82 億美元，而 Archer 市值為 11 億美元。Joby Aviation 的估值為 38 億美元，比它們都要大得多。</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>這些公司致力於改變城市交通行業，通過打造可以在任何地方降落的電池電動直升機。多年來，它們已經燃燒了數十億美元來建造飛行器並獲得批准。本文將重點關注 Archer Aviation 和 Lilium，並突出其中哪家更值得投資。</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 是一家德國飛行汽車公司，自 2015 年以來一直在研發飛行器。在這段時間內，它從騰訊、Atomico 和 Bailie Gifford 等公司籌集了資金。它於 2021 年通過 SPAC 合併上市。</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 正在研發一款主要用於城市中心的 EVTOL。其首架飛機將配備多台發動機和寬敞的機艙，可搭載約四人。其翼展意味着它可以降落在大多數城市現有的直升機停機坪上。</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 為了在計劃的 2026 年交付前對其飛機進行了大量測試。作為這一過程的一部分，它已經獲得了歐洲安全管理局的多項認證。它還獲得了大量訂單，並正在研發將為飛機提供動力的電池。</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>據管理層稱，該公司已經收到了來自漢莎航空、UrbanLink 和 eVolaire 等公司的 56 份確定訂單。其總訂單管道超過 780 架飛機。</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>與其他尚未實現營收的公司一樣，Lilium 一直在燒錢，過去五年的淨虧損超過 13 億美元。</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>根據 SeekingAlpha 的數據，上個季度其總現金和短期投資達到了 2.15 億美元以上。七月份，它出售了超過 9700 萬股以增強資產負債表。</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>德國和巴伐利亞州政府也在考慮為 Lilium 提供擔保融資。如果盡職調查結果積極，該公司希望獲得約 2 億歐元的資金。</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 是一家美國 EVTOL 公司，也在努力實現飛行汽車的夢想。目前，它正在對其 Midnight 飛機進行測試，今年測試飛行次數已提前完成 400 次。它還向美國空軍交付了首架飛機。</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>與 Lilium 一樣，Archer Aviation 在認證和籌款方面取得了很大進展。第二季度，它獲得了約 2.3 億美元的額外資本，並宣佈了大量採購訂單。</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>最重要的發展是 Stellantis 擴大了與 Archer Aviation 的合作和資金支持。除了提供資金外，Stellantis 還將協助其進行製造。它將資助飛機的製造，然後通過股權每季度獲得回報。這項資金的總金額約為 4 億美元。</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 還從西南航空獲得了大量訂單，希望利用這些飛機將客户從機場運送到其他地區。它還確定了舊金山、納帕和聖何塞等地的起降點。</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 還宣佈了一系列大額訂單。例如，Future Flight Global 已簽署協議購買價值約 5.8 億美元的 116 架飛機，這意味着其飛機成本約為 500 萬美元。</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 希望開始加快飛機的製造。2025 年將製造 10 架飛機，2026 年製造 48 架，2027 年製造 252 架，隨後一年製造 650 架。它希望到 2027 年實現 50% 的毛利潤和正面運營利潤。</p>
</div><p>Read more: Analysts are upbeat about Archer Aviation stock: should you?</p>
<div class="lb-trans"><p>閲讀更多：分析師對 Archer Aviation 股票持樂觀態度：你應該嗎？</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>今年兩家公司表現不佳，Archer Aviation 股價下跌了 50%，Lilium 下跌了 35%。ACHR 比今年最高點下跌了 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 的空頭頭寸比例為 16%，而 Lilium 為 4.4%。這表明許多投資者預計 ACHR 在短期內將繼續表現不佳。</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>這兩家公司還遭到做空者的攻擊，他們預測股價將繼續下跌。Grizzly Research 指責 Archer 是一家無用公司。</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 在過去曾準確預測了其他幾家公司，包括 PDD Holdings、Giga Cloud、蔚來汽車和 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 指責 Lilium，該機構還點名了 BigBear AI 和 Hyzon Motors 等公司。它指責 Lilium 技術較差，並且誤導訂單。</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>我認為 EVTOL 公司面臨着重大挑戰，投資者將繼續被稀釋。儘管如此，如果我必須在 Lilium 和 Archer Aviation 之間做出選擇，我會選擇 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>本文來源於 Invezz，原文標題為《Archer Aviation vs Lilium: which is the better flying car stock?》</p>
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Archer Aviation 與 Lilium：哪隻飛行汽車股票更好？