Hyundai takes $1.1 billion controlling stake in Boston Dynamics Hyundai Motor Group has acquired controlling interest in Boston Dynamics, valued at $1.1 billion, from SoftBank Group Corp. Image Credit: Supplied Under the agreement, Hyundai Motor Group will hold an approximately 80 per cent stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20 per cent stake in Boston Dynamics after the closing of the transaction. Image Credit: Supplied Boston Dynamics is the established leader in developing agile, mobile robots that have been successfully integrated into various business operations. Image Credit: Supplied The acquisition marks a major step for Hyundai Motor Group toward its strategic transformation into a Smart Mobility Solution Provider. Image Credit: Supplied 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. Image Credit: Supplied Boston Dynamics produces highly capable mobile robots with advanced mobility, dexterity and intelligence, enabling automation in difficult, dangerous, or unstructured environments. Image Credit: Supplied Read original article here. What do you think about this article? Click To Tweet wpaadmin2020-12-13T04:51:15-06:00December 13th, 2020|Categories: China| Share This Story! FacebookTwitterLinkedInRedditWhatsappPinterestVkEmail Related Posts While you weren't looking, everything with China went off the rails While you weren't looking, everything with China went off the rails December 13th, 2020 | 0 Comments Xi Jinping: China to add 1200 GW solar capacity by 2030 Xi Jinping: China to add 1200 GW solar capacity by 2030 December 13th, 2020 | 0 Comments Leave A Comment Cancel replyYou must be logged in to post a comment.