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Joby Aviation says it is doubling production at its air taxi manufacturing hub
CNBCยท 2025-07-15 17:41
Core Insights - Joby Aviation is accelerating its manufacturing capabilities in the U.S. to launch air taxi services by 2026 [1][2] - The company is expanding production at its Dayton, Ohio facility and plans to double capacity at its Marina, California hub [2] - Joby Aviation's shares increased by over 7%, contributing to a 16% gain year-to-date, as it competes with other eVTOL manufacturers [3] Company Developments - Joby Aviation is reimagining urban mobility through speed, scale, and precision manufacturing [2] - The company is currently seeking Federal Aviation Administration approval for its electric vertical takeoff and landing vehicles [3] Industry Context - Joby Aviation, along with competitors like Archer Aviation and Eve Air Mobility, aims to alleviate traffic congestion in urban centers with eVTOL technology [3]