Mubadala + Hyundai Motors partner on mobility: UAE’s Mubadala Investment Company signed an MoU with Korean car making giant Hyundai Motor Company to explore co-investments in mobility and green tech, according to a statement published on Friday. The agreement will also see the two collaborate in green steel production, green aluminum production and recycling, advanced air mobility, and infrastructure for electric vehicles. As part of the agreement, Mubadala will also explore “expanding its presence in South Korea,” company CEO Waleed Al Muhairi said.

Hyundai ? the region: Hyundai Motor Company signed a JV agreement with Saudi's Public Investment Fund (PIF) back in October to establish a USD 500 mn highly automated vehicle manufacturing plant in the kingdom. The Koream auto giant also signed an MoU with UAE's Bee'ah to promote hydrogen mobility in the UAE last month. Hyundai Motor Company and Kia are targeting 550k of combined annual unit sales in the Middle East by 2030.

ALSO- Mubadala partners with its subsidiary Solutions+ to decarbonize its operations: Mubadala signed an agreement with its subsidiary Solutions Plus to work on establishing decarbonization initiatives across the company, according to a statement released last week. The agreement will see the two work on various sustainable practices including setting up a carbon emissions calculator, implementing energy efficiency measures, and enhancing overall operational sustainability.

About Solutions Plus:Solutions Plus is a Mubadala company that offers integrated facilities management, and services in media, finance, human resources, procurement, customer service, sports and entertainment, and ESG and sustainability, according to its website.

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