On July 22, Joby Aviation, Inc. rose 5.22% in pre-market trading, trading at approximately $8.18 per share, with turnover of $1.18 million.

The movement was driven by continued market optimism surrounding the companys formally signed shareholder agreement with Toyota Motor Corporation to establish a joint venture named JTAMPC, responsible for the mass production of Jobys S4 series electric vertical takeoff and landing (eVTOL) aircraft. According to SEC filings, Toyota holds 51% equity in the joint venture while Joby retains 49%. Under the arrangement, Joby grants JTAMPC exclusive manufacturing rights and associated intellectual property licenses for the S4 model, while Toyota contributes manufacturing-related technology on a royalty-free basis.

The joint venture marks a critical milestone in Jobys path toward commercial-scale eVTOL production and is expected to accelerate its pursuit of FAA approval for commercial air taxi operations. The partnership deepens Toyotas involvement in Jobys manufacturing strategy and provides industrial-grade production capabilities essential for scaling urban air mobility services.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)