Toyota estimates factory automation could cost $6.4 billion per year from 2028
Toyota says it could cost $6.4 billion per year to automate and integrate robotics as it prioritizes modernization and cutting costs and labor.
TL;DR
- Toyota estimates a potential annual cost of 1 trillion yen ($6.4 billion) from 2028 for factory modernization.
- The investment will focus on accelerating automation and robotics deployment.
- The automotive industry is increasingly turning to robotics to cut costs and address labor shortages.
- Toyota plans to use approximately 400,000 robots for factory automation, including replacements and new installations.
- This initiative spans industrial robots, automated logistics, and human-robot collaboration.
- Other automakers, like Hyundai, are also planning to deploy humanoid robots in their plants.