Key facts
- Hyundai Motor Group is acquiring SoftBank Group's remaining 9.65% stake in Boston Dynamics.
- The deal values Boston Dynamics at approximately $1.1 billion.
- Hyundai plans to deploy the Atlas humanoid robot at its Georgia electric vehicle plant starting in 2028.
- Hyundai Mobis is involved in producing actuators for the Atlas robot.
Hyundai Motor Group is set to become the sole owner of U.S. robotics firm Boston Dynamics, acquiring SoftBank Group's remaining 9.65% stake for $325 million. This acquisition follows Hyundai's initial 80% purchase in 2021 for approximately $880 million, which valued the company at about $1.1 billion. The full acquisition aims to accelerate the integration of advanced robotics into Hyundai's operations. The group plans to deploy Boston Dynamics' Atlas humanoid robot at its electric vehicle plant in Georgia, starting with parts sequencing tasks in 2028 and expanding to more complex manufacturing processes by 2030. SoftBank had originally purchased Boston Dynamics from Alphabet in 2017. Hyundai Mobis, the group's components arm, is involved in producing actuators for the Atlas robot.