Toyota Motor Corporation and Joby Aviation have formalized a joint venture to mass-produce Joby’s electric vertical takeoff and landing aircraft, with Toyota holding majority ownership of the new production entity. This strategic shift moves the partnership from R&D collaboration to industrial-scale manufacturing, leveraging Toyota’s production system to address the sector’s bottleneck in eVTOL capacity. The venture targets future scale-up of Joby’s air taxi, with manufacturing likely centered in the U.S. or a designated hub. By integrating automotive manufacturing expertise and capital, the alliance accelerates Joby’s path to commercial service, aiming for four aircraft monthly by 2027 and long-term capacity of 500 units annually.