Joby Aviation will construct an air taxi manufacturing plant in Ohio.

Joby Aviation, an electric aircraft manufacturer, will invest up to $500 million in a new factory near Dayton, Ohio.

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Dayton International Airport's 140-acre site will be the first serial production location.

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Joby founder JoeBen Bevirt told Reuters that the company is "driving vigorously" to win Federal Aviation Administration certification

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Joby plans to start employing "immediately" to ramp up manufacturing of airplane components at the Dayton site's existing structures.

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Bevirt declined to comment on starting production rates or how much financing will be provided immediately to build the Dayton site.

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The site could house industrial facilities larger than the Pentagon, support 2,000 people, and produce 500 aircraft per year.

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Bevirt said the company is "ramping up the testing team aggressively" to conduct the thousands of tests and evaluations

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