
Boston Dynamics develops and deploys highly mobile robots with advanced mobility, dexterity and intelligence, enabling automation in unstructured or hard-to-traverse spaces, from industrial plants and construction sites, to distribution centers and warehouses.
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (TOKYO: 9984) announced today the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were not disclosed. Now, the Group holds an 80% stake in Boston Dynamics. SoftBank, through one of its affiliates, retains the remaining 20% share.
“By acquiring Boston Dynamics and securing a leading presence in the field of robotics, the Group takes another major step toward its strategic transformation into a Smart Mobility Solution Provider. To propel this transformation, the Group has invested substantially in the development of future technologies, including autonomous driving, artificial intelligence (AI), Urban Air Mobility (UAM), smart factories and robots,” said Hyundai Motor Group in a release. Continue reading →
Botched Vaccinations Haunt EU Vehicle Sales During May
Click to Enlarge.
Last month, the European new car market saw a total volume increase of 73% compared with May 2020. According to data from JATO Dynamics for 26 European markets, volume totaled 1,073,987 units. Year-to-date tallies at 5,150,831 units. Notwithstanding this increase, volume was 25% lower than May 2019 as the market continued to feel the effects of the pandemic and an unconscionably bad vaccination record. EVs posted a record share of registrations in May – with 16% – while SUVs made up almost 45% of the total volume. (May US Light Vehicle Sales – Start of an Affordability Slump?, US New Vehicle Sales in May Forecast as Record Setting. Global Sales are Another Matter Entirely, EU Parliament Confirms Deal on Climate Neutrality by 2050)
Volkswagen Group took its second highest monthly market share since 2001. The German manufacturer’s share totaled 28.14% during May, second only to April 2020 when had 29.23% as competitive sales were hit to a greater degree by the onset of the pandemic in Europe. The results in May were due to strong performance from brands such as Audi, Skoda, Seat, and Cupra, formerly known as SEAT Sport. Total sales were boosted by increasing consumer demand for EVs and SUVs – with Volkswagen Group now leading in Europe across both segments. Continue reading →