Toyota expects high yearly costs for robot factory upgrades by 2028

Toyota Motor Corporation estimates that upgrading its factories with advanced automation technology could cost up to $6.4 billion every year starting from 2028. This massive investment aims to modernise vehicle production lines and reduce reliance on manual labour. The Japanese car maker plans to implement these robotic systems globally across its manufacturing plants to boost efficiency and keep up with rising industry demands for electric and smart vehicles. Company officials shared these financial projections as part of a broader strategy to overhaul their manufacturing processes over the next few years.