Hyundai Motor steps up physical AI push amid Chinese competition, stock slump

UIWANG, South Korea — Seeking to remain competitive against fast-growing Chinese automakers and find new sources of growth amid a sharp retreat in its share price, Hyundai Motor Group is stepping up its push into robotics and physical artificial intelligence (AI). The move comes as the world's third-largest automotive group faces growing pressure to improve profitability in its conventional carmaking business amid intensifying competition in the global electric vehicle (EV) market, particularly from lower-priced Chinese models. Investors are also questioning when the group's heavy investments in robotics will start to pay off. Hyundai Motor Co.'s shares more than doubled after its U.S. subsidiary Boston Dynamics unveiled its Atlas humanoid robot at the Consumer Electronics Show (CES) in January, reaching a record closing high of 755,000 won ($565.2) in June. But the stock has since fallen sharply to near pre-CES levels, closing at 312,000 won Friday, as enthusiasm over robotics has faded amid weak earnings and growing concerns about how soon the technology can turn profitable. Speculati