Hyundai Motor Group acquires Boston Dynamics

Hyundai Motor Group will take full ownership of Boston Dynamics after acquiring the remaining stake held by Japan's SoftBank, a move that solidifies the South Korean automaker's ambitions in advanced robotics and artificial intelligence. The company confirmed on July 16, 2026, that SoftBank exercised a contractual put option to sell its 9.65 percent stake, triggering the acquisition under the terms of a 2020 agreement.

The financial terms were not officially disclosed, but estimates for the transaction value range from approximately 325 million to 500 billion won (about 335 million). Hyundai first acquired an 80 percent controlling stake in the U.S. robotics firm from SoftBank in 2021 for 880 million. SoftBank's remaining stake was diluted from an initial 20 percent through subsequent capital increases by Hyundai. With this final purchase, Hyundai and its affiliates, including Hyundai Motor, Kia, Hyundai Mobis, Hyundai Glovis, and Group Executive Chair Chung Euisun, will collectively own 100 percent of Boston Dynamics.

Company officials stated the acquisition is a key part of Hyundai's long-term robotics strategy, aimed at accelerating decision-making and business execution....