KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Automobile

Hyundai Boosts Its Robotics Field Presence with Boston Dynamics

Minseo Park by Minseo Park
PUBLISHED: June 23, 2021 UPDATED: June 24, 2021
in Automobile, Hyundai, Tech Industry
0
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group

Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group

Hyundai Motor Group announced that it had finalized its acquisition of Boston Dynamics Inc., a US-based engineering and robotics firm. The South Korean automotive manufacturer successfully secured an ownership interest in Boston Dynamics from SoftBank Group, a Japanese holding company.

Leveraging Boston Dynamics’ Strength in Robotics

Following the regulatory approvals and closing conditions, the Hyundai-Boston Dynamics deal valued at 1.25 trillion won ($1.1 billion). Currently, Hyundai has an 80% share in Boston Dynamics, while SoftBank holds the remaining 20% through one of its affiliates.

The acquisition would also enable the two companies to leverage their expertise in automation, construction, logistics, manufacturing, and more. As part of their plan to develop advanced robotics technologies, Hyundai and Boston Dynamics would establish a robotics-centered value chain.

Furthermore, the partners’ value chain would cover various areas, including robot component manufacturing and smart logistics technologies. Hyundai would also continue supporting Boston Dynamics’ global sales, product line, and service footprint expansion.

Transforming Into a Smart Mobility Solutions Provider

In December 2020, Hyundai acquired an 80% share in Boston Dynamics, accelerating its overarching expansion into the robotics industry. Thanks to its robotics firm acquisition, Hyundai established a leading presence in the robotics field, advancing its transition into a smart mobility solution provider.

Besides obtaining Boston Dynamics, Hyundai plans to boost its mobility solution provider transition by actively investing in future technology developments. In particular, Hyundai would increase its efforts in artificial intelligence (AI), autonomous driving, smart factories, and urban air mobility (UAM).

Over the recent years, Hyundai Motor showed an increasing interest in robotics and other automated technologies. Hyundai also shared that it would invest around 1.5 trillion won ($1.4 billion) in robotics-related ventures by 2025.

Moreover, Euisun Chung, Hyundai Motor Group’s Chairman, plans to make robotics take up over 20% of Hyundai’s future business operations. Earlier, Chairman Chung visited Boston Dynamics and Motional’s US headquarters, strengthening relations with robotics companies and increasing business growth opportunities.

Since taking Hyundai’s top position last year, the Boston Dynamics acquisition marks Chairman Chung’s first buyout deal. Also, Chairman Chung further demonstrated his dedication to future mobility by acquiring 20% of Hyundai’s 80% Boston Dynamic share.

In addition to selecting robotics as a growth engine, Hyundai would increase its electric vehicle and hydrogen fuel cell operations. Hyundai also shared a new promotional video highlighting its mobility advancements while thoroughly integrating Boston Dynamics’ proficiency into its operations.

Check out other must-read articles from KoreaTechToday:

  • Hyundai Motor obtains 80 percent stake of Boston Dynamics
  • Hyundai’s Future Mobility Strategies to Focus On Autonomous Robotics
  • COMEUP 2020 Day 2: Robotics and AI in the Hospitality Industry
  • H Robotics Smart Remote Rehabilitation Solution Rebless Wins CES 2021
Tags: AcquisitionBoston DynamicsHyundai Motorrobotic startupRoboticssmart mobilitysoftbank

Related Posts

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
Hyundai Mobis Assembles Domestic Powerhouse to Build Auto Chips
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
AI

Hyundai Mobis Assembles Domestic Powerhouse to Build Auto Chips

September 30, 2025
Hyundai and Kia Deploy Wearable Robots to Transform Farming in Korea
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
AI

Hyundai and Kia Deploy Wearable Robots to Transform Farming in Korea

September 29, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’
Hyundai Motor finalized its robotics startup Boston Dynamic acquisition, aiming to leverage its robotics expertise to develop smart mobility solutions. / photo courtesy of Hyundai Motor Group
AI

South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’

September 18, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • LG’s Return to Smartphones: A New AI Collaboration with Samsung

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |