Toyota and Joby Form eVTOL Manufacturing Joint Venture to Mass-Produce Flying Cars
Toyota and America's Joby Aviation are setting up a California joint venture to mass-produce eVTOL air taxis, with Toyota holding 51% and Joby 49%. Now that the flying is largely solved, the race hinges on whether anyone can build these aircraft cheaply and at scale. Here is why Toyota's production system is the bet, how China pulled ahead, and why Europe's pure-play startups collapsed.