Joby Aviation Stock Soars 57.9% in July Amid Manufacturing Expansion
Joby Aviation's shares surged nearly 58% in July following strategic manufacturing expansions in California and Ohio. The electric vertical take-off and landing (eVTOL) company doubled its aircraft production capacity, signaling confidence in its FAA certification progress. Final assembly for Type Inspection Authorization flight tests is underway, with management targeting completion this year.
The vertical integration strategy sets Joby apart from competitors relying on technology partners. By designing and manufacturing Core components in-house, the company positions itself as a leader in the emerging eVTOL sector. This approach contrasts with rivals like Archer and Vertical Aerospace, who prioritize faster certification through partnerships.
