Toyota's (TM.US) smart city "Woven City" will welcome its first batch of residents as early as this fall.

Toyota Motor Corp. Sponsored ADR (TM.US) plans to relocate the first batch of 100 residents to a smart city located at the foot of Mount Fuji in Japan as early as this fall. Toyota said on Monday that the residents of this smart city, called "Woven City," will mainly consist of the automaker's own employees and their families, and will gradually expand to about 2,000 residents as part of the initial phase. Toyota Chairman Akio Toyoda said at the 2025 Consumer Electronics Show (CES), "This year, as we slowly revitalize 'Woven City', residents will start moving in." "Our goal is to accelerate the testing and development of new technologies in 'Woven City'." Five years ago, Akio Toyoda, then President of Toyota, first proposed the idea of a "living laboratory". He said at the time that it would be a completely sustainable city, a real-world display of artificial intelligence, advanced Siasun Robot & Automation, autonomous vehicles, and smart homes. However, Akio Toyoda added that for at least the next two years, it will not be open to the general public and may never turn a profit, but as a global citizen, he believes Toyota has a responsibility to invest in our shared future. Toyota previously revealed that the smart city is expected to have a total investment exceeding $10 billion, with local residents living in environmentally friendly "smart" homes made of wood, mainly powered by hydrogen, and equipped with CECEP Solar Energy battery panels.