Toyota Plans $6.4 Billion Annual Investment in Humanoid Robots and Factory Automation
The world's largest automaker plans to invest $6.4 billion annually to deploy 400,000 robots, aiming to become a global robotics company.
According to a Financial Times report, Toyota, the world's largest automaker, plans to invest $6.4 billion annually in humanoid robots and factory automation, with the goal of deploying 400,000 robots. This move signals Toyota's ambition to transform itself into a global robotics company.
In July, Toyota's AI robotics spinout, Walden Robotics, went public with a $1.1 billion valuation and raised $300 million in funding. Goldman Sachs analysts estimate that Toyota could capture three to eight percent of the humanoid robot market by 2035. Its rivals include Tesla, Xpeng, and Hyundai, which plans to start building its Atlas robot in the US in 2028.
A Toyota executive stated that the company's own factories will be the first deployment sites for robots because the environment there is easier to control. However, investors remain cautious, pointing out that Toyota has previously fallen short of expectations with hydrogen cars and solid-state batteries.