DIGITAL CONSTRUCTION
production by 400 million tons annually , the equivalent of taking 110 million cars off the road .
Hyundai and Boston Dynamics target robotics value chain Hyundai Motor Group has bought a controlling interest in Boston Dynamics from SoftBank following regulatory approvals . Post-closing , the Group holds an 80 percent stake in Boston Dynamics and SoftBank , through one of its affiliates , retains the remaining 20 percent stake . The deal valued the mobile robot firm at $ 1.1 billion .
Together , both companies aim to create a robotics value chain , from robot component manufacturing to smart logistics solutions . Additionally , the Group will support Boston Dynamics ' continued expansion of its product line and global sales and service footprint .
In the field of robotics , the Group aims to develop advanced technologies that enhance people ' s lives and promote safety . The deal is also expected to allow the Group and Boston Dynamics to leverage each other ' s respective strengths in manufacturing , logistics , construction and automation .
Boston Dynamics launched sales of its first commercial robot , Spot in June 2020 and now has hundreds of robots operating in a variety of industries , including construction , power utilities , manufacturing , oil and gas , and mining . The company also recently unveiled Stretch , its first commercial robot specifically designed for warehouse facilities and distribution centers .
RobotLAB and SoftBank Robotics America announced that the humanoid robots Pepper and NAO are now exclusively available through RobotLAB in North America . The partnership also expands Pepper ' s previous industry and STREAM
76 August 2021