Joby Aviation Launches Alliance With Toyota

<p class&equals;"Typography-module-scss-module&lowbar;&lowbar;fAfHiq&lowbar;&lowbar;body6"><strong>SANTA CRUZ and TOYOTA CITY&comma; JAPAN — <&sol;strong>Joby Aviation&comma; Inc&period; and Toyota Motor Corporation announced the initial phase of their strategic manufacturing alliance by establishing the Joint Venture to realize air mobility&period; This will combine Joby’s work in electric aviation with Toyota’s expertise in production systems and operational excellence&period;<&sol;p>&NewLine;<p class&equals;"Typography-module-scss-module&lowbar;&lowbar;fAfHiq&lowbar;&lowbar;body6">The Strategic Alliance will initially focus on establishing the groundwork for commercial production&comma; and advancing manufacturing excellence&comma; with particular emphasis on further improving productivity&comma; quality&comma; and cost&period; Going forward&comma; 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 &lpar;eVTOL&rpar; aircraft&period;<&sol;p>&NewLine;<p class&equals;"Typography-module-scss-module&lowbar;&lowbar;fAfHiq&lowbar;&lowbar;body6">&OpenCurlyDoubleQuote;Toyota has been by Joby’s side for nearly a decade&comma; providing invaluable guidance and support as we built the foundation for manufacturing our aircraft&comma;” said<strong> JoeBen Bevirt&comma; founder and CEO of Joby Aviation<&sol;strong>&period; &OpenCurlyDoubleQuote;Today’s announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead&period; Together&comma; we share a vision of making aerial mobility an everyday reality&comma; and we look forward to delivering on that promise together&period;”<&sol;p>&NewLine;<p class&equals;"Typography-module-scss-module&lowbar;&lowbar;fAfHiq&lowbar;&lowbar;body6"><strong>Akio Toyoda&comma; Chairman of Toyota Motor Corporation<&sol;strong>&comma; said&colon; &OpenCurlyDoubleQuote;Since our founding&comma; we’ve been guided by the philosophy of providing mobility for all&period; Over time&comma; we’ve continued to expand what mobility can mean&period; We see air mobility as a natural extension of that philosophy—from the ground into the sky—and as a way to bring new value to people’s lives and to society&period; It’s really meaningful for us to take on this challenge together with Joby&comma; a partner that shares the same vision&period; We believe this<&sol;p>&NewLine;