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Founded in 1967 in Seoul, Hyundai Motor is the world's third largest automaker with approximately 75,000 employees. In December 2020, Hyundai acquired an 80% controlling stake in Boston Dynamics for approximately $880 million, gaining access to Atlas, Spot, and Stretch robot platforms.
Hyundai Motor Company was established in 1967 by Chung Ju-yung and has grown into one of the world's largest automakers, headquartered in Seoul, South Korea. The company expanded globally through the 1990s and 2000s, building a reputation for reliable, affordable vehicles.
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Hyundai Motor Company is a South Korean multinational automotive manufacturer founded in 1967, present in over 200 countries with more than 120,000 employees. Through its $880 million acquisition of Boston Dynamics in 2020, Hyundai is positioning itself as a Smart Mobility Solution Provider with a leading presence in advanced robotics.
In December 2020, Hyundai Motor Group made a landmark move into robotics by acquiring an 80% stake in Boston Dynamics from SoftBank for approximately $880 million. The acquisition was completed in June 2021, with SoftBank retaining about 20% through an affiliate.
This acquisition was part of Hyundai's strategic transformation into a Smart Mobility Solution Provider, encompassing autonomous driving, artificial intelligence, Urban Air Mobility, smart factories, and robotics. The combination of Hyundai's manufacturing scale with Boston Dynamics' world-leading robotics technology created a unique positioning in the industry.
Under Hyundai's ownership, Boston Dynamics has expanded commercial deployments of Spot and Stretch while developing the next generation of Atlas as an electric humanoid robot, moving beyond the hydraulic prototype era.