"Toyota Motor Corp. became its largest shareholder in May, and Joby has touted the Japanese carmaker's support in honing its manufacturing. We're confident now is the right time to invest in the equipment, facilities and people required to accelerate production, and we look forward to doing so with Toyota, the world's largest auto manufacturer, at our side, said JoeBen Bevirt, Joby's chief executive officer, in a statement on Wednesday."
"Air taxi maker Joby Aviation Inc. said it plans to double its US manufacturing capacity to as many as four aircraft per month by 2027, using both its main production site in California and another in Ohio. The Santa Cruz, California-based company is among a handful of startups developing eVTOL aircraft electric vertical takeoff and landing vehicles to fly customers on short commuter journeys via battery-powered air taxis."
"The announcement comes just five months after the company said it would double its planned output to two aircraft per month once fully operational, without specifying a date. Joby's stock price is down nearly 28% since early October before it priced a discounted offering of $500 million shares. It has risen about 73% in 2025 through Tuesday's close. Joby operates a plant in Marina, California, and a newer facility in Dayton, Ohio."
Joby Aviation plans to double U.S. manufacturing capacity to as many as four eVTOL aircraft per month by 2027, using facilities in Marina, California, and Dayton, Ohio. Toyota Motor Corp. became Joby's largest shareholder and is supporting manufacturing development. The Dayton site is targeted to produce as many as 500 aircraft a year. Joby aims to begin commercial passenger services in Dubai by early 2026, while FAA and other international certifications remain pending. The company raised capital through a discounted $500 million share offering amid stock volatility, with shares down since October but up year-to-date in 2025.
Read at www.mercurynews.com
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