Today Joby Aviation disclosed in an SEC Form 8-K that it acquired a ~700,000 sq ft manufacturing facility in Vandalia, Ohio for about $61.5M. The site becomes Joby’s second facility in Ohio and its third overall, significantly expanding its U.S. manufacturing footprint alongside its 435,500 sq ft Marina, California plant. Management says the Ohio operations are intended to support production scaling to roughly four eVTOL aircraft per month by 2027, with longer-term capacity projected at up to ~500 aircraft annually. For investors, this move highlights Joby’s transition from R&D toward capital-intensive manufacturing, with execution, certification timing, and demand visibility now becoming the key variables to watch.
https://www.cnbc.com/2026/01/07/joby-faa-air-taxi-evtol.html
JOBY to purchase additional 700,000 sq ft manufacturing facility in Ohio
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Posted by dad191
1 Comment
I thought Joby was a buy ever since Toyota dumped a bunch of money into them. I consider Toyota as good an indicator of growth as Warren is an indicator of value.
Also EVEX and EH are intriguing. Embraer’s no joke and backs EVEX. But EVEX lags JOBY and ACHR a bit. EH by reports is the farthest along to mass commercialization. But reports out of China are sus.