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Archer Accuses Rival Joby of Concealing Connections to Chinese Investors

Advanced air mobility developer Archer Aviation has accused its primary rival, Joby Aviation, of concealing significant ownership ties to entities in China. The allegations were made in a letter sent to U.S. government and defense officials. Archer claims Joby failed to be transparent about its largest shareholder, which it alleges is a Tencent-affiliated entity, raising potential national security concerns. Joby has vehemently refuted the accusations, calling them a 'smear campaign' and a 'desperate attempt to distract' from its own progress. This public dispute underscores the intense competition and geopolitical sensitivities within the emerging eVTOL industry.

Official Source: https://aviationweek.com/aerospace/advanced-air-mobility/archer-accuses-joby-concealing-china-ties