Hardware · Updated 26 Oct, 02:48 pm IST
Toyota plans $6.4 billion a year push into humanoid robots and factory automation
Why it matters for readers: It's a major carmaker shifting to robots, which could change factories and how machines interact with people.
- Toyota plans to invest $6.4 billion annually and deploy 400,000 robots as part of a robotics expansion.1
- Toyota spun out Walden Robotics, which went public in July with a $1.1 billion valuation and $300 million in funding.1
- Goldman Sachs analysts estimate Toyota could capture 3–8% of the humanoid robot market by 2035.1
- Rivals named include Tesla, Xpeng, and Hyundai, which plans to start building its Atlas robot in the US in 2028.1
- Toyota says it will prioritise deploying robots in its own factories first, while some investors note Toyota's past missed targets with hydrogen cars and solid-state batteries.1
Get a brief like this every morning
Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.
Get started