On June 30, Joby Aviation rose 5.27% in regular trading, trading at $9.09/share, with turnover of $67.73 million. The stock rebounded sharply from its prior session decline of 5.55%, driven by a significant partnership announcement.

On the news front, Joby Aviation and Toyota Motor formally signed a shareholder agreement to establish a joint venture manufacturing enterprise responsible for producing the S4 series electric vertical takeoff and landing (eVTOL) air taxi. According to SEC filings, upon completion of initial capital contributions, Joby will hold 49% equity in the joint entity while Toyota will hold 51% controlling interest. Under the arrangement, Joby grants the joint venture exclusive manufacturing rights for the S4 series on a royalty-free basis, while Toyota authorizes its own manufacturing-related intellectual property.

This partnership marks a deepening of the two companies' collaboration as Joby pursues regulatory approval for commercial eVTOL operations. The announcement served as a notable positive catalyst following recent pressure from a revenue guidance downgrade and the upcoming departure of President Didier Papadapoulos on July 3.

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