Joby Aviation and Toyota announce a joint venture to manufacture electric air taxis. The companies say the new entity will produce Joby’s S4 series aircraft, which are designed for electric vertical takeoff and landing operations. According to reporting, Toyota will hold a 51% stake in the joint venture, giving it majority ownership. The venture is described as granting the new company exclusive rights to manufacture Joby’s S4 aircraft. The outlets covering the announcement frame the partnership as a manufacturing collaboration intended to scale production of air taxis. While the specific deal terms beyond ownership and manufacturing exclusivity are not detailed consistently across the provided excerpts, all sources agree on the core elements: the joint venture between Joby and Toyota, the focus on electric air taxi production, and Toyota’s majority stake alongside exclusive rights related to Joby’s S4 series aircraft. The announcement reflects a continued push to develop and industrialize urban air mobility products, with Toyota leveraging its manufacturing expertise and Joby supplying the aircraft platform.