Hyundai to Buy Boston Dynamics From Softbank
Hyundai Motor group and its chairman, Euisun Chung, have offered $880 million for 80% stake in the robot maker. The newly appointed chairman wants robotics to account for 20% of the group’s future business, followed by car making and urban air mobility.
(Reuters)
Aman's key takeaways:
(Reuters)
Aman's key takeaways:
- Hyundai is a latecomer in the AV business, and the acquisition will help it quicken the learning curve and gain propriety technology for AVs.
- Automakers are facing increasing threat from Tesla which is using robotics-driven manufacturing to its fullest extent. Last year, Ford partnered with robot maker Agility Robotics to design its AV fleet of delivery vans.
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Dec 15, 2020
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