If joby is only planning on 25 units annually how long before they fulfill their orders? When do they go into higher volume production

**Joby's current production capacity and order backlog indicate that they are well-positioned for rapid growth**, but it's important to consider the timeline for fulfilling their orders and transitioning to higher-volume production: 1. **Current Production Capacity**: Joby's expanded manufacturing facility in California is designed to support a target production rate of 25 aircraft per year. 2. **Order Backlog**: With a total firm order backlog of $17.4 billion as of March 31, 2024, Joby has a substantial number of orders to fulfill. 3. **Fulfillment Timeline**: Given a production rate of 25 aircraft per year, it would take Joby approximately 4 years (based on 25 x 4 = 100, which is roughly the number of years it would take to fulfill the backlog at this rate) to fulfill its current order backlog. 4. **Higher Volume Production**: Joby's new facility in Dayton, Ohio, is expected to produce up to 500 aircraft annually, which is significantly higher than the current production rate. This expansion is a clear indication that Joby is planning for higher-volume production in the future. 5. **Strategic Investments and Partnerships**: Toyota's additional investment of $500 million in Joby will support certification and commercial production, which is a clear sign that Joby is moving towards higher-volume production. Toyota's investment and the establishment of a strategic manufacturing alliance between the two companies suggest a shared vision for scaling up production. 6. **Certification and Regulatory Hurdles**: Joby has made significant progress in certification, with over one-third of the fourth stage complete. Clearing the remaining hurdles in certification and scaling up production should position Joby for higher-volume production in the near future. In summary, while Joby's current production capacity is 25 aircraft per year, their strategic investments, expanded facilities, and significant order backlog suggest a clear trajectory towards higher-volume production. Fulfilling the current order backlog at the current rate would take approximately 4 years, but Joby's expansion plans and investments indicate a strong potential for rapid growth and increased production capacity in the coming years.