Toyota Estimates $6.4 Billion Annual Cost for Factory Automation by 2028
Toyota Motor estimates it could spend up to $6.4 billion annually starting from 2028 on factory automation, including the deployment of robotics and advanced technologies across its operations and major suppliers. The investment is part of a broader industry trend where automakers are increasingly adopting robots to reduce costs, modernize aging infrastructure, and address labor shortages. Toyota plans to deploy around 400,000 industrial and humanoid robots for automation in manufacturing processes such as logistics and human-robot collaboration on factory floors. While the company has not confirmed whether these investments will be ongoing or their exact duration, analysts suggest this shift could open new growth opportunities beyond traditional vehicle production. Bernstein analysts noted that Toyota's focus on robotics may enhance investor perception of its long-term potential in emerging technologies. Other automakers like Hyundai are also exploring humanoid robots for factory use starting around the same timeframe.
Topics: automotive manufacturing factory automation investment plans robotics