Hyundai Motor Group to make Boston Dynamics wholly owned with purchase of SoftBank stake

SEOUL: Hyundai Motor Group said on ​Thursday it would make US ‌robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank ​Group’s stake of around 10% — a ​move it said will help ⁠it deploy advanced robotics across ​its operations.

Terms of the deal ​were not disclosed.

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

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

The robot will initially ​handle parts ​sequencing ⁠tasks, with its role likely to be expanded ​to a broader range of ​manufacturing ⁠processes, including component assembly by 2030.

Hyundai acquired an 80% stake ⁠in ​Boston Dynamics in ​2021.