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Hyundai Motor Group to fully acquire Boston Dynamics from SoftBank
🇸🇬 Singapore /Technology

Hyundai Motor Group to fully acquire Boston Dynamics from SoftBank

From CNA · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • Hyundai Motor Group is set to acquire SoftBank Group's stake in Boston Dynamics, making the U.S. robotics company a wholly owned subsidiary.
  • This acquisition aims to integrate Boston Dynamics' advanced robotics technology across Hyundai's operations, particularly in manufacturing.
  • Hyundai plans to deploy Boston Dynamics' Atlas humanoid robot in its Georgia car manufacturing plant starting in 2028.

Hyundai Motor Group announced Thursday its intention to acquire SoftBank Group's stake in Boston Dynamics, a move that will establish the U.S. robotics firm as a wholly owned subsidiary. This strategic acquisition is poised to accelerate the deployment of advanced robotics throughout Hyundai's diverse operations, with a particular focus on enhancing its manufacturing capabilities.

will make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group's stake of around 10 per cent, a move it said will help it deploy advanced robotics across its operations.

— Hyundai Motor GroupHyundai Motor Group said on Thursday it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group's stake of around 10 per cent — a move it said will help it deploy advanced robotics across its operations.

While the specific financial terms of the deal were not disclosed, local media reports from last month indicated a potential transaction value of approximately 500 billion won (about $335 million). Hyundai's vision extends to integrating Boston Dynamics' cutting-edge technology into its production lines, aiming to streamline processes and improve efficiency.

the transaction would likely be worth about 500 billion won ($335 million).

— Local mediaLocal media reported last month that the transaction would likely be worth about 500 billion won ($335 million).

A key aspect of this integration will be the introduction of Boston Dynamics' Atlas humanoid robot into Hyundai's car manufacturing plant in Georgia. The deployment is slated to begin in 2028, with the robot initially tasked with parts sequencing. Hyundai anticipates expanding the robot's role to encompass a broader range of manufacturing processes, including component assembly, by 2030.

Hyundai plans to begin deploying Boston Dynamics' humanoid robot Atlas at a car manufacturing plant in Georgia from 2028.

— Hyundai Motor GroupHyundai plans to begin deploying Boston Dynamics' humanoid robot Atlas at a car manufacturing plant in Georgia from 2028.

Hyundai Motor Group initially acquired an 80 percent stake in Boston Dynamics in 2021, signaling its growing interest in the robotics sector. This latest move to gain full ownership underscores the group's commitment to leveraging robotics and artificial intelligence to drive innovation and maintain a competitive edge in the automotive industry and beyond.

Hyundai acquired an 80 per cent stake in Boston Dynamics in 2021.

Hyundai acquired an 80 per cent stake in Boston Dynamics in 2021.
DistantNews Editorial

Originally published by CNA in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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