Toyota is betting $6.4 billion a year on humanoid robots and factory automation

What happened

Toyota plans to deploy 400,000 robots as part of a $6.4 billion annual investment plan aimed at becoming a global robotics company, the Financial Times reports. A Toyota executive says its own factories will receive robots first because their environments are easier to control. Investors remain cautious, citing Toyota’s past shortfalls against expectations for hydrogen cars and solid-state batteries.

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The story so far

Toyota plans to invest $6.4 billion annually in humanoid robots and factory automation and deploy 400,000 robots as part of a push to become a global robotics company, the Financial Times reported. A Toyota executive said the company would put robots in its own factories first because those environments are easier to control. Investors remain cautious, the report said, citing Toyota’s past shortfalls against expectations for hydrogen cars and solid-state batteries.