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Toyota's $250 million investment in Joby Aviation boosts stock by 30.2%, aiding electric air taxi development.
Joby Aviation's stock surged by 30.2% after Toyota invested $250 million, part of a $500 million deal, to support Joby's certification and production of its electric air taxis.
The funds will boost Joby's manufacturing capabilities and could lead to a strategic manufacturing alliance with Toyota.
This comes amid allegations that Joby's competitor, Archer Aviation, misled investors about its progress, potentially giving Joby an advantage in the eVTOL market.
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La inversión de 250 millones de dólares de Toyota en Joby Aviation aumenta las acciones en un 30,2%, ayudando al desarrollo de taxis aéreos eléctricos.