Archer Accuses Flying Taxi Rival Joby of Depending on Chinese Suppliers

Date:

An electric vertical take-off and landing aircraft built by Archer Aviation is parked at an airfield in Salinas, Calif., in 2024. Archer Aviation via APFlying taxi maker Archer Aviation has alleged that its rival Joby Aviation has been misleading regulators and investors for years by hiding its connections to China.In a March 9 filing in federal court in California, Archer accused Joby of running a manufacturing unit in Shenzhen, China, for more than a decade that received government grants intended to spur technological development and of carrying out fraudulent business practices that gave it an improper competitive edge.

spot_imgspot_imgspot_img

Share post:

More like this
Related

US Raises Travel Advisory for Spanish Area Amid Illegal Immigrant Influx

The U.S. Department of State on Saturday increased a...

California to Raise Minimum Wage to $17.40 in 2027

California Gov. Gavin Newsom speaks at a press conference...

Trump Says US to Pause Iran Strikes as Mideast Allies Reach Outline to End War

President Donald Trump said Aug. 1 that the United...

Sandwich Chain Jersey Mikes Goes Public, Falls 6 Percent in Debut

A Jersey Mike's banner adorns the New York Stock...