Joby Aviation to Establish Electric VTOL Aircraft Manufacturing in Dayton, Ohio

Joby Aviation, a prominent player in the field of electric vertical takeoff and landing aircraft, has announced plans to invest up to $500 million to build an aircraft production operation near Dayton International Airport in Ohio. The facility, expected to start operations in 2025, will have the capacity to deliver up to 500 aircraft per year and is projected to create around 2,000 jobs by 2028. The electric-propulsion aircraft, known as the "Joby Aircraft," will be capable of vertical takeoff and landing, with a top speed of 200 mph and a range of 100 miles. The project is seen as a significant economic development for Ohio and a boost to the emerging industry of flying cars.