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Toyota & Joby Forge Air Taxi Future

1 Jul

Summary

Toyota Motor Corp. and Joby Aviation formed a joint venture.
Toyota plans an additional investment of $250 million into the partnership.
The JV aims to enhance manufacturing collaboration for air taxis.

Toyota Motor Corp. has established a joint venture with Joby Aviation Inc., a notable manufacturer of air taxis. This strategic move is designed to foster closer manufacturing relationships between the two companies.

As part of this expanding partnership, Toyota is also preparing to inject an additional $250 million into Joby Aviation. The venture signifies a deepening collaboration between the Japanese automotive giant and Joby, which specializes in the development of electric vertical takeoff and landing aircraft.

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