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New solar project with partners Onyx Renewables, Sol Systems, and Nelnet Renewable Energy to meet 85% of Toyota Boshoku Illinois' energy needs while supporting local jobs and ecosystems LAWRENCEVILLE, Ill. , May 29, 2025 /PRNewswire/ -- Toyota Boshoku America (TBA), Onyx Renewables, and key project partners gathered today for a ribbon-cutting ceremony to celebrate the completion of a 5.7-megawatt solar project that will fulfill 85% of electricity needs at TBA's Illinois plant with clean, affordable energy.

Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump's import tariffs.

Joby Aviation Inc (NYSE:JOBY) shares surged almost 30% after it closed a $250 million investment from Toyota Motor Corporation. The investment, the first tranche of a previously announced $500 million strategic investment, will support the certification and commercial production of Joby's electric air taxi.

Joby Aviation (JOBY) rallied 30% today after closing a quarter-billion-dollar deal with Toyota. It's a big price tag to help the company fly toward profitability, though George Tsilis believes it has a long runway before that happens.

Joby Aviation NYSE: JOBY saw its stock price climb sharply on May 28, 2025. This surge followed a major announcement that has clearly excited investors about the electric air taxi developer's future.

TM plans to shift GR Corolla output to the United Kingdom to ease North America's delays, investing $56 million in Derbyshire to boost supply amid high demand.

Joby shares jumped 13% after the maker of electric air taxis said it received $250 million from Toyota. The payment is part of a previously announced deal from the carmaker to invest $500 million in Joby to support certification and commercial production.

Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. The automaker plans to increase PHEVs from 2.4% last year to roughly 20% of its U.S. sales volume by 2030, according to company sources who were not allowed to speak publicly on the matter.

Toyota plans to move some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people familiar with the matter.