Joby and Toyota Form Strategic Manufacturing Alliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Source: PRnewswire
- Strategic Alliance Launch: Joby Aviation and Toyota Motor Corporation have announced the formation of a joint venture aimed at combining Joby's innovations in electric aviation with Toyota's excellence in production systems, thereby advancing the commercialization of electric vertical takeoff and landing aircraft (eVTOL).
- Production Capacity Enhancement: This collaboration will focus on improving production efficiency, quality, and cost control, which is expected to support future aircraft certification and meet the growing market demand, further solidifying both companies' market positions in the air mobility sector.
- Shared Long-term Vision: Joby founder JoeBen Bevirt emphasized the long-term partnership with Toyota, as both companies are committed to transforming air mobility into a daily reality, showcasing confidence and commitment to future market opportunities.
- Creating Social Value: Toyota President Akio Toyoda noted that air mobility is a natural extension of their philosophy of providing mobility for all, and the collaboration is set to bring new value to society, driving the realization of a future mobility society.
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About TM
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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