Asia Tech Wire (June 12) -- German eVTOL maker Lilium has chosen to build its Asia-Pacific headquarters in Shenzhen, China's technology hub.

Lilium signed a cooperation agreement with Shenzhen's Baoan District on Monday, the company said in a statement.

Under the agreement, Lilium has set up its Asia-Pacific headquarters in Bao'an through its Chinese subsidiary, which it established in April this year.

Lilium's new regional headquarters sits at the Bao'an Low Altitude Economy Industry Public Service Center, and it is the first European eVTOL manufacturer to set up a regional office there.