Hyundai Motor Group to Acquire Full Ownership of Boston Dynamics
- Published
- Source
- KoreaHerald.com
Hyundai Motor Group is poised to gain full control of Boston Dynamics after SoftBank exercised a put option on its remaining 9.65 percent stake in the robotics firm. This move comes as Hyundai accelerates its focus on physical artificial intelligence, with plans to enhance its robotics capabilities and synergies across its manufacturing operations.
The acquisition is significant as it allows Hyundai to consolidate its ownership of Boston Dynamics, which it initially acquired an 80 percent stake in for $880 million in 2021. With SoftBank's stake dropping below 10 percent, Hyundai and its affiliates will fully own the company, enabling better coordination in robot development and deployment, particularly with the introduction of Atlas humanoid robots in their manufacturing plants.
Looking ahead, Hyundai plans to begin testing Atlas robots at its Metaplant America and Kia's Georgia plant, with operational roles expanding by 2030. The company aims to produce 30,000 robots annually by 2028 and establish capacity for 350,000 actuators, crucial for robot functionality. No further timeline was disclosed at the time of publication.
Original report
Hyundai Motor Group to take full control of Boston Dynamics
KoreaHerald.com · The Korea HeraldThis 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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