Hyundai Motor Company and Mubadala Investment Company, a global sovereign investor based in Abu Dhabi, have recently signed an MOU to collaboratively explore potential business opportunities. This partnership aims to merge the strengths of the two companies in order to develop innovative solutions and technologies that can drive progress and enhance the future of mobility.
The President and CEO of Hyundai Motor Company, Jaehoon Chang, and the Deputy Group Chief Executive Officer of Mubadala Investment Company, Waleed Al Mokarrab Al Muhairi, came together to initiate a strategic collaboration at the signing ceremony held in Abu Dhabi. This partnership aims to catalyze advancements in future mobility and clean technologies, thereby contributing towards a sustainable future.
This agreement will unlock the potential for innovative investment between both parties through collaborations and shared expertise. Together, Mubadala's forward-thinking investments and Hyundai Motor's exceptional expertise in multiple fields, including advanced air mobility (AAM), green steel production, green aluminium production and recycling, and electric vehicle infrastructure, will pave the way for a more responsible Environmental, Social and Governance (ESG) format.
Besides striving for technical advancements, Hyundai Motor and Mubadala will also explore upcoming investment opportunities.
The President and CEO of Hyundai Motor Company, Jaehoon Chang, asserted: "This collaboration capitalizes on the organic synergy between Hyundai Motor's eco-friendly and futuristic business strategies, including hydrogen, green steel, green aluminum as well as future mobility technologies, and Mubadala's investment portfolio. Hyundai Motor will continue to pursue diverse partnerships to achieve a sustainable future and contribute to the global energy transition."
The Deputy Group CEO of Mubadala Investment Company, Waleed Al Mokarrab Al Muhairi, narrated: "This strategic partnership with Hyundai Motor Company marks a significant milestone in our journey to further diversify our portfolio across sectors that are shaping the future of the global economy such as mobility, green technology, and energy. Through our combined strengths and expertise, we will surface new investment opportunities that are in line with our strategic growth ambitions and sustainability agendas. We look forward to collaborating with Hyundai Motor Company and expanding our presence in South Korea."
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