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flag Toyota invests $500M in Joby Aviation for electric air taxi certification and production.

flag Toyota Motor Corporation has announced a $500 million investment in Joby Aviation, increasing its total investment to $894 million. flag This funding will aid in the certification and production of Joby's electric air taxis. flag The partnership, which began in 2019, includes an agreement for Toyota to provide key components for Joby's aircraft. flag Following the announcement, Joby Aviation's stock rose 22% in premarket trading.

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