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Boston Dynamics, which is a robot dog and has had great success on YouTube, becomes a subsidiary of Hyundai Motor Group. Hyundai Motor Group announced on the 11th that it has finally agreed to acquire a controlling stake in Boston Dynamics, Inc., an American robotics company valued at a total value of $ 1.1 billion, from SoftBank Group. .
Hyundai Motor Group will own 80% of Boston Dynamics and 20% of SoftBank Group. Hyundai Motor Company, Hyundai Mobis, Hyundai Glovis and President Eui-sun Eui-sun will jointly participate in the shares of Hyundai Motor Group. The final bets are Hyundai Motor Company 30%, Hyundai Mobis 20%, Hyundai Glovis 10% and President Eui-sun Eui 20%.
The deal to acquire Boston Dynamics is the result of the global robot market that is expected to grow rapidly due to technological innovation and the demand for robot automation. It also contains the will to foster new business and contribute to a safer and happier life for future generations so that everyone can enjoy a higher level of experience and value beyond expectations. Hyundai Motor Group’s robot development capabilities, including Boston Dynamics, are expected to enhance and synergize with autonomous vehicles, urban aeronautical mobility (UAM) and smart factory technologies.
As Hyundai Motor Group possesses world-class mass production capacity, R&D capability and global business network, it is expected to aid the mass production of Boston Dynamics robots and improve profitability. As for the group companies, it is possible to expand the business area from the market entry of robots to intelligent logistics solutions in connection with Hyundai Mobis and Hyundai Glovis, and build a new value chain focused on robots.
Also, as a leading high-tech group, you can enhance your brand image and play a role in public areas such as disaster relief and healthcare that actively use robots. “We are excited to be with Boston Dynamics, which has the best robotics technology in the world,” Hyundai Motor Group President Eui-sun said on the day. “Hyundai Motor Group aims to achieve human happiness, freedom of movement and a higher level of experience in life. We will present a new path.”
In addition, President Eui-seon Eui said, “Boston Dynamics robotic technology will add to the capabilities of Hyundai Motor Group, which is reborn as a smart mobility solutions company, and we will be able to lead future mobility innovation.” As the global megatrend progresses, it will also play a role for humanity in public areas such as security and health. “
The acquisition of Boston Dynamics is expected to close in the first half of next year after signing a contract and after approval by relevant government ministries such as Korea and the United States. Meanwhile, Boston Dynamics owns the best technology in the field of biped and quadruped walking and logistics robots. It is evaluated as having the best technological prowess in the world in comprehensive aspects such as autonomous driving (walking), recognition and control, which are essential for the operation of the robot.
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