Hyundai Motor and Mubadala Investment Company ink an MOU to explore joint ventures in hydrogen value chain, green technology, and future mobility. The collaboration aims at synergizing Mubadala's investments with Hyundai's expertise in clean technology and mobility infrastructure. Both parties intend to delve into potential investments and advancements in eco-friendly steel and aluminum production, as well as advanced air mobility and electric vehicle infrastructure.
Hyundai Motor Company and Mubadala Investment Company, an Abu Dhabi-based global sovereign investor, have cemented a strategic partnership by signing a memorandum of understanding (MOU). This alliance focuses on the exploration of mutual business prospects and synergies, particularly in the domains of future mobility and cutting-edge technologies.
The agreement, marked by a ceremonial signing in Abu Dhabi, witnessed the participation 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 collaboration is poised to drive innovation in future mobility and sustainable technologies.
Both entities aim to collaboratively invest and share expertise, amalgamating the strengths of Mubadala's investments with Hyundai Motor's proficiency in various domains. These include green steel and aluminum production, recycling methodologies, advanced air mobility (AAM), and electric vehicle infrastructure.
Jaehoon Chang, President and CEO of Hyundai Motor Company, highlighted, "This collaboration leverages the synergy between Hyundai Motor's eco-friendly business strategies encompassing hydrogen, green steel, green aluminum, and future mobility technologies, and Mubadala's investment portfolio." He emphasized Hyundai Motor's commitment to forging diverse partnerships for a sustainable future and contributing to the global energy transition.
Waleed Al Mokarrab Al Muhairi, Deputy Group CEO of Mubadala Investment Company, expressed optimism about the partnership's significance in diversifying their portfolio across transformative sectors like mobility, green technology, and energy. He stressed their joint strengths and expertise in uncovering new investment opportunities in line with their strategic growth and sustainability objectives.
This collaboration between Hyundai Motor and Mubadala marks a significant stride towards propelling advancements in clean technology, mobility infrastructure, and sustainable energy. Both entities are poised to explore, innovate, and invest collaboratively, steering towards a future of eco-friendly and efficient mobility solutions.
The collaboration between Hyundai Motor and Mubadala heralds a promising venture into eco-friendly technologies and future mobility, aligning with global sustainability goals. With combined expertise and shared investment visions, the partnership aims to foster innovation, advance clean technology, and contribute to a more sustainable future in the mobility landscape.