Joby Aviation, Inc. (NYSE:JOBY) Q1 2024 Earnings Call Transcript

JoeBen Bevirt: Yes. So as I mentioned – this is JoeBen. As I mentioned, the partnership with Toyota has been incredibly valuable for us. They’ve had team members on-site with us here in California since 2019, and as well as an incredible team working alongside us back in Japan. And I think, as many of you know, Toyota is one of the most incredible companies in the world when it comes to manufacturing very complex systems at very large scale with just spectacular quality. And so, having them working shoulder to shoulder with us as we planned our manufacturing expansion in Marina, as we’re looking to the layout of our Phase 1 manufacturing facility and planning for that, and then even looking beyond that, they are the best partner that I could ever imagine.

And it was, as I mentioned, incredible to have Shiga-san, as well as Kaita-san and Ohara-San, all join us and visit us this last quarter. We couldn’t be more pleased with the support that we’re receiving and optimistic about the path in the future alongside Toyota as we shift to from a development phase into a scaling phase. And I think, is that our final question? Should I? So I think just as we – in closing, I would like to talk about what an incredible opportunity that we see in front of us as a company. We are so proud of the team we’re building and the way that we’re approaching building this new industry. We think that our vertical integration is our superpower and that the – I think of this very akin to the early days of automotive in the late 1890s and where we were making cars in very small volumes.

And I see the decades that lie ahead of us as incredibly exciting as we take to the air as a civilization. And so, I’m really, really pleased with the team we’re building, the culture we’re building, and the technologies we’ve developed, and really look forward to talking to you all again next quarter. Thank you all so much.

Operator: Thank you. This concludes today’s conference. You may now disconnect your lines at this time. Enjoy the rest of your day.