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AAM & UAM Business

Toyota Sets Up Manufacturing Joint Venture With U.S. Air Taxi-Maker Joby

Story by By Chester Dawson
BLOOMBERG
www.japantimes.co.jp

Toyota is setting up a joint venture with air taxi-maker Joby Aviation to deepen manufacturing ties ahead of a planned additional investment of $250 million.

The joint venture is part of a growing partnership between the carmaker and Joby, which makes electric vertical takeoff and landing (eVTOL) vehicles designed to fly customers on short commuter journeys. Toyota became the Santa Cruz, California-based firm’s largest shareholder last year, and has been working with it to standardize production.

“The strategic alliance will initially focus on establishing the groundwork for commercial production, and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost,” the two companies said Tuesday in a statement.

Shares of Joby rose 4.6% to $9.02 as of 3:30 p.m. in New York. The stock is down about 32% this year.

The last tranche of nearly $1 billion in funding by Toyota is expected during the last quarter of 2026 “upon the final approval of the manufacturing supply agreement,” Joby said in a separate statement.

Full certification for commercial flight operations by the U.S. Federal Aviation Administration and regulators in other countries is still pending. Joby has previously said it aimed to start commercial passenger services this year, but the exact timeline is unclear and it has pushed back launch dates multiple times.

… notes from SP

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EVHNews

Electric-Hybrid E Automotive, E Aviation, E Marine Technology & Future Innovative Electric-Hybrid VTOL Aerospace Tech News Around The World!

EVHNews.com is a dedicated global digital Technology platform for EVVTOL a Global EV / Hybrid Automotive, E-Aviation, E-VTOL, E-Marine Future Technology Industry Show & Expo Event Organization where the world biggest EV & E-VTOL brands invest in the future of transportation.

EV H News is committed to the Electric Vehicles & EV-Hybrid Automotive, E-Aviation E-VTOL-UAV E-Marine, industry including e-mobility e-semi & e-truck.
This digital platform will include reviews and resources from global industry leaders, many with a focus on clean blue technology and alternative fuels where applicable. EVH news platform is for all to have access to the tools and information available for the future for breakthrough e-technology of the e-automotive, e-aviation, e-marine, e-motorcycle e-semi & e-truck e-motorsport industries.

About EVVTOL

• EVVTOL a new corporation branding itself as the most Influential global future technology show / expo event organization by strategically positioning itself to successfully facilitate EV and VTOL transportation industry clients with their needs!

• EVVTOL’s goal is to showcase the EV & VTOL industry and introduce the major EV & VTOL vehicles and component manufactures in the e-tech world by unveiling and displaying cutting-edge EV & E-VTOL technology.

• EVVTOL mission is to introduce multiple technology shows & expos including influential high-level EV business summits based on the dual themes of business engagement with key manufacturers working in the EV & E mobility Industry, energy vehicle information technology and charging infrastructure Industry. These events are excellent opportunities to learn about and discuss the latest future transportation technology advancements in EV& VTOL industry, and the battery energy challenges that still remain.

(evvtol.org) 877-4EV-VTOL (877-438-8865)

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EVHNews

Electric-Hybrid E Automotive, E Aviation, E Marine Technology & Future Innovative Electric-Hybrid VTOL Aerospace Tech News Around The World! EVHNews.com is a dedicated global digital Technology platform for EVVTOL a Global EV / Hybrid Automotive, E-Aviation, E-VTOL, E-Marine Future Technology Industry Show & Expo Event Organization where the world biggest EV & E-VTOL brands invest in the future of transportation. EV H News is committed to the Electric Vehicles & EV-Hybrid Automotive, E-Aviation E-VTOL-UAV E-Marine, industry including e-mobility e-semi & e-truck. This digital platform will include reviews and resources from global industry leaders, many with a focus on clean blue technology and alternative fuels where applicable. EVH news platform is for all to have access to the tools and information available for the future for breakthrough e-technology of the e-automotive, e-aviation, e-marine, e-motorcycle e-semi & e-truck e-motorsport industries. About EVVTOL • EVVTOL a new corporation branding itself as the most Influential global future technology show / expo event organization by strategically positioning itself to successfully facilitate EV and VTOL transportation industry clients with their needs! • EVVTOL’s goal is to showcase the EV & VTOL industry and introduce the major EV & VTOL vehicles and component manufactures in the e-tech world by unveiling and displaying cutting-edge EV & E-VTOL technology. • EVVTOL mission is to introduce multiple technology shows & expos including influential high-level EV business summits based on the dual themes of business engagement with key manufacturers working in the EV & E mobility Industry, energy vehicle information technology and charging infrastructure Industry. These events are excellent opportunities to learn about and discuss the latest future transportation technology advancements in EV& VTOL industry, and the battery energy challenges that still remain. (evvtol.org) 877-4EV-VTOL (877-438-8865)

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