Joby Aviation and Toyota announce a joint venture to manufacture electric air taxis. Multiple outlets report that the partnership is focused on producing Joby’s aircraft, including the S4 series. Quartz adds that Toyota will hold a 51% stake in the new manufacturing entity, with Joby retaining a position in the venture. The agreement includes exclusive rights for the new company to produce Joby’s S4 aircraft, according to Quartz. Other reports describe the deal as a step to deepen the existing collaboration between the companies, with Toyota supporting manufacturing capabilities for air taxi production. Yahoo Finance notes that Joby’s share price rises after the announcement, indicating investor reaction to the manufacturing arrangement. The outlets generally present the announcement as a manufacturing-focused expansion of the Joby–Toyota relationship, aimed at scaling production of Joby’s electric air taxi platform. Terms beyond ownership and production rights, such as timelines and specific production plans, are not detailed consistently across the provided sources.
Joby and Toyota form joint venture to manufacture electric air taxis
Joby Aviation and Toyota announce a joint venture to manufacture electric air taxis. Multiple outlets report that the partnership is focused on producing Joby’s aircraft, including the S4 series. Quar...
- Joby Aviation and Toyota announce a manufacturing joint venture for electric air taxis.
- The venture is tied to production of Joby’s S4 series aircraft.
- Toyota is reported to hold a 51% stake in the new entity.
- The new company is described as having exclusive rights to produce Joby’s S4 aircraft.
- Joby’s shares rise following the joint venture announcement.
Joby Aviation is teaming up with Toyota to create air taxis.
1 month agoToyota will hold a 51% stake in the new entity, which will have exclusive rights to produce Joby's S4 series aircraft
1 month ago
U.S. Treasury restricts Banque Misr’s UAE branches over Iran-related activities
The U.S. Treasury Department imposes limits on Banque Misr’s branches in the United Arab Emirates, restricting their acc...
Centre appoints directors and joint director at NTA amid NEET controversies
The Centre appoints two directors and a joint director to the National Testing Agency (NTA), an agency facing scrutiny o...
War and U.S. sanctions strain Iran’s economy, Iranian officials report sharp trade decline
Iranian leaders acknowledge that the country’s economy is taking a heavy hit as tensions and war-related pressures persi...