Hyundai and Mubadala Ink Strategic Partnership to Pave the Way for Future Mobility and Clean Tech

Mubadala and Hyundai Motor

Hyundai Motor Company and Mubadala Investment Company have sealed a landmark memorandum of understanding (MOU), signaling a collaborative journey toward exploring promising business avenues and synergies in the realm of future mobility and cutting-edge technologies.

The ceremonial signing, held in Abu Dhabi, saw the presence of Jaehoon Chang, President and CEO of Hyundai Motor Company, and Waleed Al Mokarrab Al Muhairi, Deputy Group Chief Executive Officer of Mubadala Investment Company. This formalizes the onset of a strategic alliance aimed at propelling advancements in future mobility solutions and sustainable technologies.

The pact between the two entities facilitates a shared investment approach and an exchange of specialized knowledge, capitalizing on Mubadala’s robust investments and Hyundai Motor’s proficiency across various domains. This collaboration spans key areas such as green steel production, green aluminum production, recycling practices, advanced air mobility (AAM), and the development of electric vehicle infrastructure.

Furthermore, Hyundai Motor and Mubadala are committed to identifying and harnessing untapped investment prospects, aligning their strengths and resources to unlock potential opportunities in the evolving landscape of mobility and clean technologies. This partnership stands as a testament to their collective resolve to drive innovation and sustainable progress in these pivotal sectors.

Image: Jaehoon Chang, President and CEO of Hyundai Motor Company, and (right) Waleed Al Mokarrab Al Muhairi, Deputy Group Chief Executive Officer of Mubadala Investment Company