Hyundai Motor Company and Mubadala Investment Company “Mubadala,” a global sovereign investor based in Abu Dhabi, have officially entered into a Memorandum of Understanding (MOU) to collaboratively explore potential business opportunities and synergies in the realms of future mobility and technologies.
Under this agreement, both entities will pool resources, jointly invest, and exchange expertise, capitalizing on Mubadala’s strategic investments and Hyundai Motor’s proficiency across various domains. These include green steel production, green aluminum production and recycling, advanced air mobility (AAM), and the development of infrastructure for EVs.