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Hyundai Motor Group is set to acquire SoftBank Group’s remaining stake in Boston Dynamics, a move that will make the renowned robotics company a wholly owned subsidiary of the South Korean automotive giant. According to a report from South Korea’s Maeil Business Newspaper, Hyundai will pay approximately $325 million for SoftBank’s remaining 9.65% ownership stake, citing unnamed industry sources familiar with the matter.
The report stated that Hyundai, together with Executive Chair Euisun Chung and key affiliates including Kia, Hyundai Mobis, and Hyundai Glovis, already controls more than 90% of Boston Dynamics. The latest transaction is expected to strengthen Hyundai’s position in the rapidly growing robotics and artificial intelligence sectors.
SoftBank reportedly informed Hyundai of its intention to exercise its right to sell the remaining stake in Boston Dynamics. Hyundai subsequently agreed to purchase the shares, paving the way for full ownership of the robotics company known for its advanced humanoid and quadruped robots.
Hyundai first acquired a controlling interest in Boston Dynamics in late 2020, marking a significant step in its strategy to expand beyond traditional automotive manufacturing. Since then, the company has increasingly focused on robotics, automation, and AI-driven technologies as part of its long-term growth plans.
The acquisition aligns with Hyundai’s broader efforts to strengthen its presence in emerging technology markets. Over the past year, the automaker has demonstrated a stronger commitment to robotics innovation and artificial intelligence development. Hyundai has also collaborated with Nvidia on several technology initiatives, highlighting its ambition to integrate advanced AI capabilities into future mobility and robotics solutions.
Industry analysts view full ownership of Boston Dynamics as a strategic move that could accelerate Hyundai’s development of next-generation robotic technologies for industrial, logistics, and mobility applications. With complete control of Boston Dynamics, Hyundai is expected to further expand its investments in robotics research, autonomous systems, and AI-powered automation, reinforcing its position as a leading technology-driven mobility company.
