Hyundai Motor Group announced Thursday that it intends to purchase SoftBank Group’s approximately 10% ownership stake in Boston Dynamics, a move that would give the South Korean automaker complete control of the U.S.-based robotics company.
The two companies did not reveal the financial terms of the agreement. However, local media outlets reported last month that the deal is expected to be valued at roughly 500 billion won — the equivalent of about $335 million.
Hyundai says taking full ownership of Boston Dynamics will help the company roll out cutting-edge robotics technology across its business operations.
As part of those plans, Hyundai intends to begin using Boston Dynamics’ humanoid robot, known as Atlas, at one of its car manufacturing facilities in Georgia starting in 2028. The robot is expected to start by handling parts sequencing tasks, with its responsibilities potentially expanding to include component assembly and other manufacturing processes by 2030.
Hyundai originally acquired an 80% stake in Boston Dynamics in 2021.
