diff --git a/plugins/module_utils/vendor/hcloud/_version.py b/plugins/module_utils/vendor/hcloud/_version.py
index dfcddff3..bb279990 100644
--- a/plugins/module_utils/vendor/hcloud/_version.py
+++ b/plugins/module_utils/vendor/hcloud/_version.py
@@ -1,3 +1,3 @@
 from __future__ import annotations
 
-__version__ = "2.2.1"  # x-release-please-version
+__version__ = "2.3.0"  # x-release-please-version
diff --git a/plugins/module_utils/vendor/hcloud/floating_ips/client.py b/plugins/module_utils/vendor/hcloud/floating_ips/client.py
index 00600e48..a7669147 100644
--- a/plugins/module_utils/vendor/hcloud/floating_ips/client.py
+++ b/plugins/module_utils/vendor/hcloud/floating_ips/client.py
@@ -293,7 +293,7 @@ def create(
         self,
         type: str,
         description: str | None = None,
-        labels: str | None = None,
+        labels: dict[str, str] | None = None,
         home_location: Location | BoundLocation | None = None,
         server: Server | BoundServer | None = None,
         name: str | None = None,
diff --git a/scripts/vendor.py b/scripts/vendor.py
index fce5f90b..c6b9eb47 100755
--- a/scripts/vendor.py
+++ b/scripts/vendor.py
@@ -22,7 +22,7 @@
 logger = logging.getLogger("vendor")
 
 HCLOUD_SOURCE_URL = "https://github.com/hetznercloud/hcloud-python"
-HCLOUD_VERSION = "v2.2.1"
+HCLOUD_VERSION = "v2.3.0"
 HCLOUD_VENDOR_PATH = "plugins/module_utils/vendor/hcloud"