Hyundai takes full ownership of Boston Dynamics, eyes 30,000 Atlas humanoid robots by 2028
7 Sources
[1]
Hyundai reportedly looking to take total control of robotics giant Boston Dynamics - Engadget
It's planning to accelerate the commercialization of Boston Dynamics' Atlas humanoid robot, Bloomberg says. Hyundai is preparing to acquire Softbank's remaining stake on Boston Dynamics, according to Bloomberg. The Korean automaker purchased an 80 percent stake on the robotics company back in
[2]
Hyundai buys SoftBank's Boston Dynamics stake for $325 million
Hyundai Motor Group announced on Thursday that it will acquire SoftBank Group's remaining approximately 10% stake in Boston Dynamics, making the robotics company a wholly owned subsidiary. The transaction is valued at roughly $325 million, according to Bloomberg. The transaction follows SoftBank's
[3]
Hyundai to take full ownership of Boston Dynamics
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
[4]
Hyundai Motor chief to raise Boston Dynamics stake, fueling Nasdaq IPO prospect - The Korea Times
Boston Dynamics' Altas humanoid robot / Courtesy of Hyundai Motor Group Hyundai Motor Group Executive Chair Chung Euisun is set to increase his personal stake in Boston Dynamics to 25 percent by investing an additional 120 billion won ($80.5 million), a move that could accelerate the robotics
[5]
Hyundai to buy SoftBank's Boston Dynamics stake, doubles down on humanoid robots By Investing.com
Investing.com -- Hyundai Motor (KS:005380) said on Thursday it will acquire SoftBank Group's (TYO:9984) remaining stake in Boston Dynamics, taking full ownership of the robotics company as it pushes to commercialize humanoid robots and expand its artificial intelligence capabilities. The South
[6]
Hyundai to Buy SoftBank's Stake in Boston Dynamics
Hyundai Motor Group plans to acquire SoftBank's remaining stake in Boston Dynamics, as it deepens its push into physical artificial intelligence and robotics. "The contemplated transaction is expected to further support collaboration across Hyundai Motor Group's robotics-related businesses and
[7]
Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
SEOUL, July 16 (Reuters) - Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group's stake of around 10%, a move it said would help it deploy advanced robotics across its operations. Terms of the deal
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Hyundai Motor Group is acquiring SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, gaining complete control of the robotics giant. The move centers on commercializing the Atlas humanoid robot at scale, with deployment planned at Hyundai's Georgia plant starting in 2028 and annual production capacity targeting 30,000 units.
Hyundai Secures Full Ownership of Boston Dynamics
Hyundai Motor Group announced it will acquire SoftBank's remaining stake in Boston Dynamics, completing a transition that began in 2021 when the Korean automaker purchased an 80% controlling interest for $880 million
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. SoftBank Group exercised its contractual put option to sell its remaining 9.65% stake, valued at approximately $325 million, giving Boston Dynamics a total valuation of around $3.3 billion2
. The transaction follows a predetermined price locked in during the 2021 acquisition agreement, though some analysts suggest the robotics company could be worth significantly more—potentially between $20 billion and $100 billion—by 20263
.
Source: Silicon Republic
Under the new ownership structure, HMG Global's stake will rise to 62.5%, while Hyundai Motor Group Executive Chair Chung Euisun is investing an additional $80.5 million to increase his personal stake to 25%, and Hyundai Glovis will hold 12.5%
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. This marks Chung Euisun's continued commitment to the robotics business, having initially invested 238.9 billion won during the 2021 acquisition and participating in subsequent capital increases.Building an End-to-End AI Robotics Chain
Hyundai full ownership of Boston Dynamics positions the automotive giant to construct an integrated AI robotics ecosystem that combines the robotics firm's Physical AI expertise with Hyundai's manufacturing capabilities, mobility platforms, and global supply network
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. "Through this integrated approach, the group aims to accelerate the development, validation and commercialization of Physical AI technologies and robotics solutions," Hyundai stated1
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Source: Korea Times
The centerpiece of this strategy is the Atlas humanoid robot, which Boston Dynamics showcased in a production-ready version at CES earlier this year after years of testing and development
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. Hyundai is developing Atlas in partnership with NVIDIA and Google DeepMind, leveraging their AI-driven robotics capabilities to create machines capable of operating in real-world manufacturing environments1
.Atlas Deployment Timeline and Factory Automation Goals
Hyundai plans to deploy the Atlas humanoid robot at its Hyundai Georgia plant—specifically at the Hyundai Motor Group Metaplant America facility—beginning in 2028
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. The electric vehicle plant will serve as a testing ground for manufacturing validation, with Atlas initially handling simpler tasks such as logistics, welding, and materials handling1
. By 2030, the scope will expand to more complex component assembly operations once the robot's operational reliability has been established3
.The company aims to build annual production capacity of up to 30,000 humanoid robots by 2028
1
. According to reports, Hyundai plans to deploy 25,000 units at Hyundai Motor and Kia plants before supplying outside customers3
. Atlas will be trained at Hyundai's Robot Metaplant Application Center in Savannah, Georgia, before full industrial deployment2
.Related Stories
Market Reaction and Labor Concerns
Hyundai Motor shares fell 3.6% in Seoul trading following the announcement, though this outperformed the broader KOSPI index, which dropped 5.8% amid a technology sector selloff
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. Kiwoom Securities analyst Shin Yoonchul noted that the stock's subdued response reflected investor skepticism about whether Boston Dynamics' $3.3 billion valuation holds up2
.The acquisition comes as Hyundai's South Korean labor union has intensified industrial action over annual wage negotiations and job security concerns
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. Workers staged partial strikes and are demanding written assurances that their jobs will be protected as Hyundai brings more robots onto production lines, while also pushing for a bonus pool equal to 30% of net profit2
.Strategic Positioning for Physical AI Future
Chung Euisun has repeatedly emphasized Physical AI as a core pillar of Hyundai's long-term growth strategy, alongside electric vehicles, autonomous driving, and software-defined mobility. In his New Year's address, Chung stated that "the value of Hyundai Motor Group's moving platforms, including automobiles and robots, as well as its manufacturing process data, will become even more distinctive. This is a powerful competitive advantage that global technology companies cannot easily replicate"
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.Market observers believe that securing full ownership could pave the way for a Nasdaq IPO for Boston Dynamics
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. While currently valued at around 30 trillion won, forecasts suggest the valuation could surge to more than 100 trillion won following a possible listing, expected around 2028 when Atlas deployment reaches full scale4
. This timing aligns with the broader industry shift toward physical AI products, positioning Hyundai to capitalize on what could become a massive windfall as manufacturers race to integrate AI-powered automation into factory operations1
.References
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