Electric Vertical Takeoff and Landing (eVTOL) aircraft maker Archer Aviation Inc. (NYSE:ACHR) has filed a countersuit against rival Joby Aviation Inc. (NYSE:JOBY), alleging the latter’s ties to China amid a theft of trade secrets lawsuit filed last November.
Archer Accuses Joby Of Fraud
The countersuit, filed in California, accused Joby of hiding and then leveraging its ties to China to gain an advantage in the eVTOL sector, Reuters reported on Monday.
Archer has also accused Joby of defrauding the U.S. government and receiving grants from the Chinese government. The countersuit claims that Joby purposefully misrepresented “thousands of pounds of Chinese-origin aircraft materials as consumer goods,” to “evade U.S. tariffs and foreign-influence oversight.”
Archer Aviation and Joby didn’t …
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