Hyundai recently bought the American engineering company Boston Dynamics, famous for its "Spot" robot dog venture, which became an internet and meme sensation because of its design, for $921 million. The South Korean carmaker was known to recently venture into massive robotics projects, including its "walking car" design called the "Ultimate Mobility Vehicle."
The acquisition was only partly carried out by Hyundai's primary division because half of the buyout fee would come from Hyundai Mobis Co., a partner company and auto parts maker. According to the Korean Economic Daily's report, the venture is relative to both companies as their technology and future ventures closely resemble the other.
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Written by Isaiah Alonzo
