Media reports suggest that Hyundai is to deploy Boston Dynamics’ Atlas humanoid robots at its factories in the US.
Hyundai Motor Group is to gain full control of Boston Dynamics by acquiring SoftBank’s stake in the US robotics company, according to various media reports.
Although terms of the deal have not been disclosed, Reuters reported that it would cost Hyundai around 500 billion won ($335m) for the Japanese investment company’s holdings of between 9pc and 10pc in Boston Dynamics.
Meanwhile, Bloomberg reported that the deal would be worth around $325m, with Hyundai paying a “locked-in price” at a much lower valuation – around $3.3bn – than what the company is likely worth in 2026 – between $20bn and $100bn.
On completion of the deal, Hyundai and affiliates will fully own the US robotics company, having previously acquired around 80pc of shares in 2021 for $880m.
