Car manufacturer reveals wild plans – Investors go wild and stock value doubles
Hyundai Motor's announcement to incorporate humanoid robots in manufacturing has significantly raised its stock value, doubling it after a recent presentation.
Hyundai Motor has announced ambitious plans to integrate humanoid robots into its manufacturing processes, with a target date set for 2028. Initially, the robots will be deployed at their factory in Georgia, USA, before expanding to other facilities globally. This move aims to enhance production efficiency but has raised concerns regarding labor implications, particularly around job reductions.
The Korean trade union has voiced strong opposition to this plan, insisting that Hyundai should not implement such advanced technologies without the union’s approval. A statement released by the union highlighted that no new technology utilizing robots could be adopted in the workplace unless an agreement is reached with the labor market partners. The union fears that the introduction of humanoid robots may lead to workforce reductions, adversely affecting workers' job security and workplace safety.
The announcement was unveiled at the CES technology trade show in Las Vegas, where Hyundai also showcased its Atlas humanoid robot, developed by its subsidiary, Boston Dynamics. Following this presentation, Hyundai's stock price surged, effectively doubling in value as investors responded positively to the innovative direction the company is taking, despite the underlying labor concerns.