Monday, November 28, 2022
News Hyundai Buying Robot Dog Company Boston Robotics

Hyundai Buying Robot Dog Company Boston Robotics

More robots on Hyundai's table says report

  • Automaker’s new CEO planning more robotic sales for company

  • Boston Dynamics originally MIT project


A new report says that Boston Dynamics, the company that makes the once hilarious and now eerily competent robot dogs is being purchased by Hyundai Motor. The purchase is yet to be finalised, but the deal is expected soon for just less than 1 trillion won.

That’s a big price, coming in at right around 1.17 billion Canadian, reports The Korea Economic Daily, and the acquisition of the company is expected to be finalised at a board meeting today.

The report says that this is the first such deal for Hyundai Motor’s new CEO Chung Euisun, and it pushes the automaker toward robotics as a way to grow the business alongside its electric and hydrogen fuel cell vehicles.

It may seem an odd grab for Hyundai, as Boston Dynamics has traded hands multiple times, originally spun out from the Massachusetts Institute of Technology in the early 1990s, then acquired by Google in 2014 and then by SoftBank in 2017, but remember that robotics are essential to modern car and truck production. Meaning that terrifying prospects like the company’s robot dog Spot could have some serious real-world applications in the world of manufacturing. Or maybe Hyundai is just taking a different route to autonomous driving, letting you toss your robot driver behind the wheel as needed (ok, that’s not very likely, but it’s a cool idea).

Hyundai Motos has said before that it plans to invest up to 1.5 trillion won (CAD 1.7B) into robotics by 2025 and Chung has said that robotics will make up to a fifth of the company’s overall business in the future with just half of sales automobiles by that time.

 

Trending Now

Turbo 2.0 For 2023 Jeep Compass

Compass gets new engine and transmission More power and some extra safety features For 2023 the Jeep Compass is getting a new engine. A...

Hankook Launches iON Winter Tires for EVs

Hankook’s iON tire line is specifically designed for EVs. The iON winter tires arrive next spring. Electric vehicles are posing serious headaches for both...

The First Ultium-Based Buick SUV will be Launched in China by the End of the Year

China is the largest market for the Buick brand. This five-seat SUV will reach its first customers at the beginning of 2023. A...

Tesla 2023 Lineup: Models And Changes Overview

The Tesla Cybertruck’s launch has been delayed again. New swivel base for Model S and Model X touchscreens. More powerful microchips for Model 3 and Model Y. With...

The Polestar 7 could be built in Europe

Before the Polestar 7, the manufacturer will launch the 3, 4, 5 and 6 models. The production of current models is locate in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.