Toyota plans $6.4 billion a year on robots and automation
Original title: Toyota is betting $6.4 billion a year on humanoid robots and factory automation
The automaker aims to deploy 400,000 robots, with its own factories first, while rivals include Tesla, Xpeng and Hyundai.
Toyota plans to become a global robotics company through humanoid robots and factory automation, the Financial Times reports. The plan calls for 400,000 robots under a $6.4 billion annual investment. In July, AI robotics spinout Walden Robotics went public at a $1.1 billion valuation with $300 million in funding. Goldman Sachs analysts estimate Toyota could take 3 to 8 percent of the humanoid market by 2035. A Toyota executive said company factories will be deployed first because they are easier to control.
Unconfirmed: The $6.4 billion plan and robot count are attributed to a Financial Times report, not a Toyota filing quoted here.
- Walden Robotics listed in July at a $1.1 billion valuation after raising $300 million.
- Goldman Sachs puts Toyota's possible 2035 humanoid share at 3 to 8 percent.
- Hyundai plans to start building its Atlas robot in the US in 2028.
- Investors cite earlier misses on hydrogen cars and solid-state batteries.
- Vendors
- Toyota
- Products
- Atlas
- Organizations
- Walden RoboticsGoldman SachsTeslaXpengHyundai
From the original article
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Toyota wants to turn itself into a global robotics company, and it's betting on humanoid robots and factory automation to get there. The article Toyota is betting $6. 4 billion a year on humanoid robots and factory automation appeared first on The Decoder.
By Maximilian Schreiner · the-decoder.com
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