Joby Aviation and Toyota Motor Corporation Launch Initial Phase of a Strategic Manufacturing Alliance to Realize Air Mobility for All<\/h1>\n
PR Newswire<\/p>\n
SANTA CRUZ, Calif. and TOYOTA CITY, Japan, June 30, 2026<\/p>\n<\/p><\/div>\n
To <\/i>build up commercial production capability<\/i>, advance manufacturing excellence, and prepare for scale-up of electric air taxi production<\/i><\/p>\n
SANTA CRUZ, Calif. and TOYOTA CITY, Japan<\/span>, June 30, 2026<\/span> \/PRNewswire-HISPANIC PR WIRE\/ — Joby Aviation, Inc. (NYSE: JOBY) and Toyota Motor Corporation today announced the initial phase of their strategic manufacturing alliance by establishing the Joint Venture to realize air mobility. This will combine Joby’s pioneering work in electric aviation with Toyota’s globally recognized expertise in production systems and operational excellence.<\/p>\n \n The Strategic Alliance will initially focus on establishing the groundwork for commercial production, and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost. Going forward, it will also support the expansion of Joby’s production capacity to support aircraft certification and meet anticipated growth in demand for its electric vertical take-off and landing (eVTOL) aircraft.<\/p>\n “Toyota has been by Joby’s side for nearly a decade, providing invaluable guidance and support as we built the foundation for manufacturing our aircraft,” said JoeBen Bevirt, founder and CEO of Joby Aviation. “Today’s announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality, and we look forward to delivering on that promise together.”<\/p>\n Akio Toyoda, Chairman of Toyota Motor Corporation, commented: “Since our founding, we’ve been guided by the philosophy of providing mobility for all. Over time, we’ve continued to expand what mobility can mean. We see air mobility as a natural extension of that philosophy\u2014from the ground into the sky\u2014and as a way to bring new value to people’s lives and to society. It’s really meaningful for us to take on this challenge together with Joby, a partner that shares the same vision. We believe this strengthened relationship is an important step forward in realizing the future mobility society.”<\/p>\n Going forward, both companies will continue to work closely together through this Joint Venture, leveraging their respective strengths to bring air mobility to society on a broader scale.<\/p>\n About Joby Aviation About Toyota<\/u> Toyota directly employs\u00a0nearly\u00a064,000\u00a0people\u00a0in North America\u00a0who have\u00a0contributed\u00a0to the\u00a0design, engineering, and assembly of\u00a0over\u00a050\u00a0million cars and trucks at our 14\u00a0manufacturing plants.\u00a0In\u00a02025,\u00a0Toyota’s\u00a0plant\u00a0in North Carolina\u00a0began\u00a0to\u00a0assemble\u00a0automotive\u00a0batteries for electrified vehicles.\u00a0\u00a0<\/p>\n For more information about Toyota, visit\u00a0www.ToyotaNewsroom.com<\/a>.\u00a0<\/p>\n Forward-Looking Statements<\/u><\/b> MEDIA CONTACTS ![\"Joby](\"https:\/\/mmx.prnewswire.com\/media\/MS1875162\/HERO-IMAGE-20251129-Toyota_Gazoo-EA200167.jpg?id=OA2744841\" "\\"Joby")
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<\/u><\/b>Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com<\/a>.<\/p>\n
<\/b>Toyota (NYSE:TM) has been a part of the cultural fabric in North America for\u00a0nearly 70\u00a0years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands,\u00a0plus our\u00a0more than\u00a01,800 dealerships.\u00a0\u00a0\u00a0<\/p>\n
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the goals and expected benefits of the strategic manufacturing alliance. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to the ability of the parties to negotiate and execute the additional agreements related to the strategic manufacturing alliance on acceptable terms or at all, delays in regulatory certifications and timelines, changes in market conditions, and other risks described in Joby’s filings with the Securities and Exchange Commission. The companies undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable law.<\/p>\n
<\/b>Joby Aviation
Investors:
investors@jobyaviation.com<\/a>
Media:
press@jobyaviation.com<\/a><\/p>\n
![\"Toyota](\"https:\/\/mmx.prnewswire.com\/media\/MS421183\/Toyota-Corp-Red-Logo.jpg?id=OA2744842\" "\\"Toyota"){kind=logo}
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