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flag Toyota's $250 million investment in Joby Aviation boosts stock by 30.2%, aiding electric air taxi development.

flag 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. flag The funds will boost Joby's manufacturing capabilities and could lead to a strategic manufacturing alliance with Toyota. flag 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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