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Toyota Backs Joby for Mass eVTOL Production | Business and Finance News
Published 2 days, 2 hours ago
Description
Joby Aviation’s stock surged over three percent thanks to a new joint venture with Toyota, creating JTAMPC to scale eVTOL manufacturing — a major win for both companies and a strong vote of confidence from Toyota, now Joby’s biggest institutional investor. With FAA certification secured and NYC test flights completed, Joby is poised for commercial air taxi operations, backed by Toyota’s global manufacturing muscle.
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