• Joby Aviation and Toyota Motor Corporation have formed a joint venture, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), to manufacture Joby's S4 Series electric vertical takeoff and landing (eVTOL) aircraft.
  • Toyota will hold a 51% ownership stake in JTAMPC, with Joby holding 49%.
  • JOBY shares are trading 7.2% up at $9.25 in pre-market sessions, reacting to the significant manufacturing partnership.