Toyota is betting $6.4 billion a year on humanoid robots and factory automation

Business · First reported 25 Oct, 21:00 · Updated 22:08

Toyota plans to invest $6.4 billion annually in robotics and factory automation and deploy 400,000 robots, according to a report cited by The Decoder. The company’s own factories are expected to be the initial deployment site.

Toyota’s plan includes 400,000 robots and an annual investment of $6.4 billion, according to The Decoder’s account of a Financial Times report.
Toyota’s AI robotics spinout Walden Robotics went public in July with a reported $1.1 billion valuation and $300 million in funding.
A Toyota executive said the company’s factories would come first for robot deployment because their environments are easier to control; investors cited past shortfalls in hydrogen cars and solid-state batteries.