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Wajeeh Khan

JOBY Stock Pops on New Joint Venture With Toyota

Joby Toyota Joby Aviation

Joby Aviation (JOBY) extended gains on Tuesday after management announced a new strategic manufacturing alliance with Toyota Motor (TM).

The joint venture dubbed the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC) is designed to scale up commercial production of JOBY’s five-seat S4 eVTOL aircraft.

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