Hyundai Expands Robotics Portfolio with Acquisition of Boston Dynamics Shares
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- ManufacturingDive.com
Hyundai has announced plans to enhance its robotics capabilities by acquiring the remaining shares of Boston Dynamics from Softbank for approximately $325 million. This acquisition follows Hyundai's previous purchase of an 80% stake in Boston Dynamics in 2021 for $1.1 billion. The automaker aims to integrate robotics into its manufacturing processes, particularly at its Metaplant America facility in Savannah, Georgia, where it produces all-electric vehicles.
This strategic move is significant as Hyundai's automotive business, which constitutes nearly 80% of its revenue, will provide the necessary funding to support the growth of its autonomous vehicles and robotics segments. Hyundai's commitment to transitioning into a technology-focused company is evident, with plans to deploy Atlas robots for parts sequencing in 2028 and expand their use to component assembly by 2030. The company is also investing in a U.S. robotics manufacturing facility to scale production.
Looking ahead, Hyundai is actively seeking opportunities to enhance its robotics capabilities and increase production capacity. The company has already secured orders for 25,000 units from customers, indicating strong demand for its robotics solutions. No further timeline was disclosed at the time of publication.
Original report
Hyundai seeks to diversify revenue with its latest robotics acquisition
ManufacturingDive.com · Nathan OwensThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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