Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021. Boston Dynamics, Inc. Boston Dynamics develops of a series of dynamic highly mobile robots, including BigDog, Spot, Atlas, and Handle.Hyundai Motor CompanyBoston Dynamics / Parent organization

Boston Dynamics is a leading robotics company. It's majority owned by South Korean automaker Hyundai. Hyundai acquired Boston Dynamics to drive its smart mobility solutions strategy.In June 2021, Hyundai Motor Group acquired a majority interest in Boston Dynamics and now holds an 80 percent stake in the company.

Is Boston Dynamics owned by SoftBank : TOKYO, June 21 (Reuters) – SoftBank Group Corp (9984. T) , opens new tab said on Monday South Korea's Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate.

Who owns Hyundai

Hyundai Motor GroupHyundai Motor Company / Parent organization

Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.

Why did Hyundai buy Boston Dynamics : The merger with Boston Dynamics will allow us to merge and expand our future mobility concept including autonomous cars, logistics and Urban Air Mobility. To celebrate the occasion, we want to show our vision for 'Progress for Humanity' by presenting a whole new era of robots to the world.

Hyundai Motor Group's decision to acquire Boston Dynamics is based on its growth potential and wide range of capabilities. “Wide range of capabilities" we get, but that other phrase, “growth potential," has a heck of a lot wrapped up in it. At the moment, Boston Dynamics is nowhere near profitable, as far as we know.

The deal valued the mobile robot firm at US$1.1 billion. Additional financial details were not disclosed. Post-closing, the Group holds an 80 percent stake in Boston Dynamics and SoftBank, through one of its affiliates, retains the remaining 20 percent stake.

How much did Hyundai pay for Boston Dynamics

about $880 million

Hyundai paid about $880 million to acquire the controlling stake from Softbank, valuing Boston Dynamics at $1.1 billion. Hyundai is the third owner of Boston Dynamics in seven years. It was acquired by Google in 2013 and sold to Softbank Group in 2017.Kia

History. The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% of Kia Motors.Kia, in collaboration with Boston Dynamics, an American robotics company acquired by Kia's parent company, Hyundai Motor Group, in 2021, has plans to launch a new robot in 2024.

Hyundai wanted to invest in more "mobility solutions," and Softbank was able to flip Boston Dynamics for a tidy profit. The acquisition is pretty exciting for Boston Dynamics. While the company has been churning out industry-leading robotics work for years, it has all been pure research.

Does Hyundai own Kia : Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors. The difference between Kia and Hyundai is that both companies have their own brand philosophies to uniquely produce their vehicles. As you can see, they are related but not the same!

Who is Hyundai owned by : Hyundai Motor Group

Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.

What companies are owned by Hyundai

Currently, the company owns 33.88 percent of Kia Corporation, and fully owns two marques including its luxury cars subsidiary, Genesis, and their electric vehicle brand Ioniq. The three brands altogether make up the Hyundai Motor Group.

No, Kia Motors and Hyundai Motor Group are separate motor companies, but they are related. Hyundai purchased a portion of financially-struggling Kia years ago so they could stay in business. Currently, Kia has a stake in some of Hyundai Motor Group's subsidiaries.Kia filed for bankruptcy in 1997 after they were their own independent entity. Hyundai Motor Group decided to purchase the auto company in 1998 to keep it afloat. Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors.