Joby Aviation Expands Manufacturing Capacity, Stock Surges

Joby Aviation's stock soared 9.1% after the company announced plans to double its manufacturing capacity and expand its flight test program. The eVTOL aircraft specialist is increasing its Marina, California facility to 435,500 square feet and ramping up production at its Dayton, Ohio plant. The stock is considered high-risk, high-reward, with a potential binary outcome depending on the company's success in winning FAA certification and manufacturing aircraft at scale.

Joby Aviation, Inc. (NYSE: JOBY) saw its stock soar 9.1% following the company's announcement to double its manufacturing capacity and expand its flight test program. The eVTOL aircraft specialist is increasing its Marina, California facility to 435,500 square feet and ramping up production at its Dayton, Ohio plant. The stock is considered high-risk, high-reward, with a potential binary outcome depending on the company's success in winning FAA certification and manufacturing aircraft at scale [1].

The Marina facility, which will now double its aircraft production capacity, is a critical test site and production hub. The expansion is expected to produce up to 24 aircraft per year, nearly one every other week. The new facility will house pilot training simulators, maintenance services, and conforming components, and is anticipated to help secure initial FAA production certification [1].

In addition, Joby is ramping up production at its Dayton, Ohio plant. Recent renovations to the Dayton facility will allow Joby to manufacture and test air taxi components that will be shipped to Marina. Equipment installation is underway, with plans to begin manufacturing of titanium and aluminum parts this year [2].

Joby's expansion is not only driven by the need to increase production but also by its strategic partnerships. The company has close collaboration with Toyota, which provides counsel on design, manufacturing, and quality. Toyota engineers are deeply integrated with the Joby team, helping to optimize processes, streamline assembly, and offer advice on custom tooling to accelerate production [1].

The expansion is expected to create about 690 full-time jobs and is backed by a nearly $10 million grant from the state of California. This financial support, along with the company's commitment to American innovation, is crucial for Joby's growth and success in the urban air mobility market [1].

Joby's founder and CEO JoeBen Bevirt will speak at the Reindustrialize Summit in Detroit on July 16, 2025, highlighting the company’s US-based manufacturing efforts. Follow along for updates here.

References:
[1] https://www.jobyaviation.com/news/joby-expands-manufacturing-capacity/
[2] https://www.flyingmag.com/joby-air-taxi-ramp-up/