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Joby Aviation's stock jumps as talks with Saudi group could lead to up to 200 electric air taxis sales.
Joby Aviation's stock rose by 9.9% after the company announced talks with Saudi Arabian group Abdul Latif Jameel to potentially deliver up to 200 of its electric air taxis.
The non-binding agreement, worth up to $1 billion, explores distribution in Saudi Arabia, which could validate Joby's technology and support regulatory approval in markets like the U.S. and Europe.
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Las acciones de Joby Aviation saltan a medida que las negociaciones con el grupo saudí podrían llevar a ventas de hasta 200 taxis aéreos eléctricos.