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Hyundai Motor Company

Automotive manufacturingFounded 1967
Reviewed by Swet Parvadiya
Company data updated: October 2026

Acquisitions

Hyundai Acquisitions

3

Major Deals Covered

$880M

Disclosed Deal Value

What are Hyundai's biggest acquisitions?

Hyundai's largest disclosed acquisition here is Boston Dynamics for $880M in 2021. This page covers 3 major deals from 1998 to 2021, each with its price where disclosed and the reason behind it.

Major deals covered
3
Largest deal
Boston Dynamics ($880M)
First deal
1998
Most recent
2021
CompanyYearPricePurpose
Kia Motors1998UndisclosedHyundai bought a controlling stake in Kia in 1998 after Kia went bankrupt in the Asian financial crisis, winning an auction in which Ford also bid.
Boston Dynamics2021$880.0MIn June 2021 Hyundai Motor Group, including Hyundai Motor, Hyundai Mobis, Hyundai Glovis and Chung Eui-sun, bought an 80% stake in Boston Dynamics from SoftBank at a $1.1 billion valuation.
Hyundai Engineering and Construction2011UndisclosedA consortium led by Hyundai Motor bought a controlling stake of about 35 percent in Hyundai Engineering and Construction in 2011.
What companies has Hyundai bought?
Major acquisitions by Hyundai documented here include Boston Dynamics (2021), Hyundai Engineering and Construction (2011) and Kia Motors (1998).
What is Hyundai's most recent acquisition?
The most recent Hyundai acquisition documented here is Boston Dynamics, in 2021, for $880M.

Boston Dynamics

2021

$880M

Why

In June 2021 Hyundai Motor Group, including Hyundai Motor, Hyundai Mobis, Hyundai Glovis and Chung Eui-sun, bought an 80% stake in Boston Dynamics from SoftBank at a $1.1 billion valuation.

Impact

The deal gave Hyundai the Spot, Stretch and Atlas robot lines and a base for factory automation and physical AI.

Outcome

Atlas was unveiled at CES 2026 with plans to deploy it in Hyundai plants from 2028. In July 2026 the group moved to buy SoftBank's remaining stake, making Boston Dynamics wholly owned.

Source →

Hyundai Engineering and Construction

2011

Why

A consortium led by Hyundai Motor bought a controlling stake of about 35 percent in Hyundai Engineering and Construction in 2011.

Impact

The purchase returned the builder, the original company of the Hyundai group, to the control of the Chung family.

Outcome

Completed in 2011 for about 4.96 trillion won.

Source →

Kia Motors

1998

Why

Hyundai bought a controlling stake in Kia in 1998 after Kia went bankrupt in the Asian financial crisis, winning an auction in which Ford also bid.

Impact

The deal created Hyundai Motor Group's two-brand structure, letting Hyundai and Kia share platforms, engines and R&D while selling to different buyers.

Outcome

Kia became a design-led global brand; Hyundai and Kia together sell about 7 million vehicles a year and posted combined 2025 revenue of ~$213 billion (KRW 300.4 trillion).

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Hyundai Motor Company's Growth & Acquisition Strategy

Hyundai's growth strategy rests on four moves: localising production in the United States, India and other big markets to avoid tariffs; expanding hybrids across its range while keeping EV investment flexible; pushing Genesis higher in luxury; and building software, autonomous driving and robotics. In the U.S. the $26 billion plan through 2028 includes raising Georgia Metaplant capacity, a new steel plant in Louisiana with Hyundai Steel, and the Hyundai-LG battery plant that opened in 2026 after delays. In India, Hyundai Motor India listed on Indian exchanges in October 2024 in what was then the country's largest IPO. In July 2026 the group agreed to buy SoftBank's remaining stake in Boston Dynamics, making it a wholly owned subsidiary.

How Hyundai Motor Company Makes Money

Hyundai earns most of its revenue from wholesale vehicle sales to dealers and distributors across North America, Korea, Europe, India and emerging markets. Three layers sit on top of that core: the Genesis luxury brand, which lifts average transaction prices; a finance division (Hyundai Capital and Hyundai Capital America) that earns interest and lease income on vehicle loans; and after-sales parts and service. Hyundai shares platforms, powertrains and R&D with Kia, in which it holds about one-third of the shares, and buys modules, steel, software and logistics from group affiliates such as Hyundai Mobis, Hyundai Steel, Hyundai AutoEver and Hyundai Glovis. That group structure spreads development costs over roughly 7 million combined vehicles a year.

Hyundai Acquisitions FAQ

What was the landmark acquisition of Kia Motors by Hyundai in 1998?

In 1998, during the Asian Financial Crisis, Hyundai acquired bankrupt rival Kia Motors for approximately $1 billion, outbidding Ford. Hyundai restructured Kia, sharing vehicle platforms and powertrains while maintaining distinct design and brand identities, creating Hyundai Motor Group.

Why and when did Hyundai Motor Group acquire robotics leader Boston Dynamics?

In June 2021, Hyundai Motor Group completed the $1.1 billion acquisition of an 80% controlling interest in Boston Dynamics from SoftBank. The acquisition gave Hyundai world-leading quadruped (Spot) and humanoid (Atlas) mobile robotics technologies to automate manufacturing and smart logistics.

What was the Motional joint venture established between Hyundai and Aptiv?

In March 2020, Hyundai Motor Group and autonomous technology provider Aptiv formed Motional, a $4 billion autonomous driving joint venture. In 2024, Hyundai invested an additional $1 billion to take majority controlling interest in Motional to accelerate commercial Level 4 robotaxi deployments.

How did Hyundai acquire General Motors' Talegaon manufacturing plant in India?

In 2023, Hyundai Motor India acquired General Motors' manufacturing plant in Talegaon, Maharashtra, expanding Hyundai's total annual Indian vehicle production capacity toward 1 million units.

What strategic investments has Hyundai made in electric vehicle hypercar maker Rimac?

In 2019, Hyundai Motor and Kia invested ~$90.4 million (€80 million) in Croatian EV hypercar technology firm Rimac Automobili, collaborating on high-voltage battery systems and high-performance electric powertrain prototypes for the Hyundai N brand.

What AI semiconductor investments has Hyundai executed with Tenstorrent?

In 2023, Hyundai Motor Group invested $50 million in AI semiconductor pioneer Tenstorrent (led by well-known chip architect Jim Keller) to co-develop high-efficiency neural processing units (NPUs) for future autonomous driving and smart mobility.

How did Hyundai partner with battery giants LG Energy Solution and SK On for US manufacturing?

Hyundai established multi-billion dollar 50/50 joint ventures with LG Energy Solution ($4.3B) and SK On ($5B) to build large automotive battery cell manufacturing plants adjacent to its Georgia Metaplant and in Bartow County, Georgia.

What is Hyundai's M&A strategy for software and autonomous mobility startups?

Hyundai focuses acquisitions on software-defined vehicle architectures, autonomous driving perception startups (such as 42dot, acquired for $330M in 2022 to lead the Global Software Center), and solid-state battery material developers.

What companies has Hyundai acquired?

In 1998, during the massive Asian Financial Crisis, Hyundai executed a historic acquisition, saving its domestic rival Kia Motors from bankruptcy. In 2020, Hyundai shocked the global tech industry by executing a massive $1.1 billion acquisition of Boston Dynamics (the advanced robotics firm famous for the robot dog "Spot"), proving they want to dominate future mobility, not just cars.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.