Toyota and Joby Aviation launch eVTOL manufacturing alliance

• Toyota (NYSE:TM) and Joby Aviation (NYSE:JOBY) launched the initial phase of a strategic manufacturing alliance through a joint venture.
• The alliance focuses on groundwork for commercial production of Joby’s all-electric air taxi.
• The partnership aims to improve productivity, quality, cost, and expand production capacity for certification and market demand.

Toyota (NYSE:TM) and Joby Aviation (NYSE:JOBY) launched the initial phase of a strategic manufacturing alliance, creating a joint venture to advance all-electric air taxi production.

The alliance focuses on groundwork for commercial production, improving productivity, quality and cost, and expanding Joby’s eVTOL capacity for certification and expected demand.

Toyota and Joby have collaborated since 2020, with Toyota providing manufacturing expertise and investment to support Joby’s development and scaling efforts.

The joint venture represents a significant step toward bringing electric vertical take-off and landing aircraft into commercial service.

Joby’s aircraft is designed for quiet, efficient urban air mobility with a focus on safety and sustainability.

Toyota continues to expand its mobility solutions beyond traditional vehicles into future transportation technologies, including air mobility.

The partnership leverages Toyota’s global manufacturing excellence and Joby’s eVTOL technology to address growing demand for sustainable transportation options.