Toyota's (TM.US) smart city "Woven City" is slated to welcome its first residents as early as this fall.

Toyota (TM.US) plans to move the first 100 residents into its smart city, Woven City, located at the base of Mount Fuji in Japan, as early as this fall, the automaker said Monday. The residents of the smart city will mainly be Toyota's own employees and their families, as part of an initial phase that will gradually expand to about 2,000 residents, Toyota said. Toyota's Chairman Akio Toyoda said at the 2025 Consumer Electronics Show (CES) that "this year, as we slowly bring Woven City to life, residents will begin to move 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 "Living Lab" plan. He said it would be a fully sustainable city, showcasing artificial intelligence, advanced robots, self-driving cars, and smart homes in the real world. However, Akio Toyoda added that it would not be open to the general public for at least two years, and may never make a profit, but "as a global citizen, I believe Toyota has a responsibility to invest in our shared future." Toyota previously revealed that the smart city is expected to invest over $10 billion, with local residents living in eco-friendly "smart" houses made of wood, powered mainly by hydrogen, and equipped with solar panels.