Hyundai Motor Group
ACTIVESouth Korean automotive conglomerate (chaebol) headquartered in Seoul. Acquired an 80% stake in Boston Dynamics in 2021 and is one of the largest automakers in the world.
Hyundai Motor Group
Founded 1967 · Seoul, South KoreaHyundai Motor Group is a South Korean automotive conglomerate (chaebol) headquartered in Seoul. Its roots go back to 1947, when Chung Ju-yung founded Hyundai Engineering & Construction; Hyundai Motor Company was established in 1967. The modern Hyundai Motor Group was spun off from the wider Hyundai Group structure in 2003 and includes Hyundai Motor Company, Kia Corporation and Genesis Motor.
In December 2020 the group announced the acquisition of an 80% stake in Boston Dynamics from SoftBank Group; the approximately USD 1.1 billion transaction closed on June 21, 2021. Boston Dynamics – maker of the Atlas humanoid robot and the Spot quadruped – has since operated as a subsidiary of the group. SoftBank retained a 20% stake. Hyundai Motor Group also runs its own robotics and mobility programs, including the Hyundai Robotics unit, and is piloting the Electric Atlas in automotive manufacturing environments.
Founders
Founder of the Hyundai Group (1915–2001). In 1967 he established Hyundai Motor Company, which became the foundation of the later Hyundai Motor Group.
Domain of activity
3 areas · 2 technologies- Humanoid robots
- Autonomous systems
- Embodied AI
- Robotics
- Embodied AI
Global presence
HQ SeoulScale & funding
founded 1967Products & solutions
1 robots
Organizational relations
1 strategic relations · 1 subsidiariesStrategic relations
1- AcquisitionBoston DynamicsHyundai Motor Group acquired an 80% stake in Boston Dynamics from SoftBank Group for approximately USD 1.1 billion; the transaction closed on June 21, 2021.2021 →
Profile & metadata
4 classification · 5 external linksClassification
- Statusactive
- Development stagemature
- Listed onYes
- Organization typeHolding / corporate group
