Song Ho-sung, president of Kia, outlined plans for the deployment of Boston Dynamics' humanoid robot, Atlas. In a recent investor presentation in Hong Kong and Singapore, he stated that the initial focus for Atlas will be on mass deployment in U.S. factories over the first one to two years to gather data and ensure stability. He emphasized that Atlas will first be used in processes that are particularly strenuous and challenging for workers.
Once the effectiveness of Atlas is demonstrated in specific processes, Song noted that the similar layouts of automobile assembly plants worldwide would allow for easy expansion to other facilities.
Regarding the anticipated initial public offering (IPO) of Boston Dynamics, Song remained noncommittal. He said, "Internally, we have not yet decided on the timing of the IPO or whether to pursue external funding," adding that it is still too early to provide specific details.
In June 2021, Hyundai Motor Group established a put option clause when acquiring Boston Dynamics from SoftBank. This clause stipulates that if Boston Dynamics does not go public within four or five years of the acquisition, Hyundai will buy back the 20% stake held by SoftBank at a pre-agreed price. The deadline for this is next month on June 20, leading to speculation that Boston Dynamics may list on the Nasdaq.
Additionally, regarding investment ratios in robotics production entities, Song stated, "Investment decisions will be based on the expected benefits for both Hyundai and Kia." He emphasized that while Kia's participation in humanoid production has not yet been determined, the investment ratios will likely be based on the anticipated benefits for each party involved.
* This article has been translated by AI.
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