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Spot, the robot made by Boston Dynamics. Photo: Henrique Casinhas/SOPA Images/LightRocket via Getty Images

Hyundai continues to make aggressive moves as it races to catch up on electric, self-driving cars and other mobility technologies.

The latest: The Korean industrial giant and its chairman agreed to buy an 80% stake in Boston Dynamics — maker of Spot, a four-legged, dog-like robot — from SoftBank.

  • Hyundai could use the robotic technology in its factories, and to continue development of its self-driving cars, drones and delivery robots, analysts told CNBC.

The big picture: It's the latest in a flurry of deals by Hyundai, which wants to transform itself into a mobility service provider.

  • At an investor day Thursday in Seoul, Hyundai updated its 2025 strategy to accelerate electrification, lay the foundation for mobility as a service, and boost its commitment to hydrogen fuel cells.
  • The detailed plan includes a new dedicated fuel cell brand, HTWO, and the rollout of Level 3 autonomous vehicles — hands-free, eyes-off-the-road under certain circumstances — by 2022.
  • The company plans to invest $55 billion by 2025 to support long-term growth.

Go deeper

Jan 8, 2021 - Economy & Business

Cruise hires ex-Delta Air Lines executive to lead rollout of self-driving taxis

Illustration: Sarah Grillo/Axios

Cruise is turning to a former Delta Air Lines' executive to begin the rollout of its self-driving taxi business.

Why it matters: Gil West, who retired as Delta's chief operating officer last year at age 59, will become COO at Cruise as it shifts from research and development to commercialization of autonomous vehicles. He'll report to CEO Dan Ammann.

Updated 13 mins ago - World

Myanmar military fires UN ambassador after anti-coup speech

Photo: Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images

Myanmar's military regime on Saturday fired the country's ambassador to the United Nations, Kyaw Moe Tun, a day after he gave a pro-democracy speech asking UN member nations to publicly condemn the Feb. 1 coup, The New York Times reports.

The latest: Kyaw Moe Tun told Reuters later on Saturday, "I decided to fight back as long as I can."

1 hour ago - Axios on HBO

Preview: "Axios on HBO" interviews White House Senior Advisor Cedric Richmond

On the next episode of "Axios on HBO," Axios co-founder Mike Allen interviews White House Senior Advisor Cedric Richmond.

  • Catch the full interview and much more on Sunday, February 28 at 6 pm. ET/PT on all HBO platforms.