Toyota plans $6.4bn for 400,000 robots by 2028
toyota estimates 400,000 robots and $6.4 billion annual spending by 2028 for factory automation, impacting manufacturing and robotics sectors.
toyota motor estimates that expanding automation across its factories, group companies, and major suppliers could require around 400,000 robots. the company anticipates annual spending of about 1 trillion yen, equivalent to $6.4 billion, from 2028. this potential investment was discussed with investors earlier in september. toyota's plan puts a significant focus on physical ai in manufacturing, potentially impacting the robotics and automation sectors. the company has not confirmed if the full investment will proceed.