Mentioned:
PONY -9.83%
Humanoid robots are coming to Canada. And Toyota is behind it.
What’s happening:
- Toyota has officially begun deploying humanoid robots manufactured by Agility Robotics at their Woodstock, Ontario facility
Why it matters:
- This is one of the first deployments of humanoid robots in an operating manufacturing plant that Toyota has ever done
Going deeper:
- Toyota will leverage Agility Robotics’ flagship humanoid robot known as Digit at their Woodstock, Ontario facility to move bins of parts to specific drop off areas and removing empty bins
- Agility Robotics is backed by some of the largest technology investors in the world, including SoftBank, Sony and Amazon's Industrial Innovation Fund
The intrigue:
- Toyota has been making a flurry of new bets on autonomous vehicles and robotics lately, including just recently beginning to mass produce Pony AI’s (NASDAQ: PONY) bZ4X robotaxi in China as part of their joint venture
