As the largest automaker in the world speeds up the deployment of automation and robotics, Toyota Motor (7203.T) opens a new tab and forecasts that modernizing its factories might cost 1 trillion yen ($6.4 billion) annually starting in 2028.
Automakers are using robotics across the board to save expenses, deal with aging infrastructure, and fill labor shortages. According to analysts, this approach may lead to expansion beyond the production of automobiles.
Toyota, group companies, and important suppliers are all included in the investment estimate. The company informed investors that over 400,000 robots would be required to push manufacturing automation at those companies, but it did not say whether this would happen or how long it would last.
Humanoid and non-humanoid robots, as well as new installations and replacements for current machinery, are included in the image.
Industrial robotics, automated logistics, and future human-robot cooperation on the production floor are all part of the possible investment, which was discussed with investors earlier this month.
In a report published on Friday, analysts at Bernstein stated that Toyota’s increasing emphasis on robotics may boost investors’ perception of the company’s prospects for expansion beyond cars.
As Toyota intensifies its robotics initiatives, we anticipate more robotics-related announcements in the future,” they stated.
Humanoid robots are being used more frequently by other international automakers. Hyundai (005380.KS) has announced plans to implement humanoid robots at its US plant in Georgia starting in 2028. The company owns Boston Dynamics, a manufacturer of humanoid robots.
