Hyundai Motor to Acquire 80% Stake in Boston Dynamics
Summary
By establishing a presence in the field of robotics, the acquisition will mark another major step for Hyundai Motor Group toward its strategic transformation into a Smart Mobility Solution Provider. To this end, Hyundai Motor Group has invested substantially in development of future technologies, including in fields such as autonomous driving technology, connectivity, eco-friendly vehicles, smart factories, advanced materials, artificial intelligence (AI), and robots. The deal is also expected to allow Hyundai Motor Group and Boston Dynamics to leverage each other’s respective strengths in manufacturing, logistics, construction and automation. The company is also entering the logistics automation market with the Pick™, a computer vision-based depalletizing solution, and will introduce a mobile robot for warehouses in 2021. Hyundai is a global automotive group operating in the automobile, steel, construction, machine tools, logistics, and other industries.
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