Hyundai Motor and Saudi Aramco to Collaborate on Hydrogen, Advanced Non-Metallic Materials and Future TechnologiesJune 26, 2019
- New agreement to expand hydrogen ecosystem in South Korea and Saudi Arabia
- Collaboration includes R&D into widespread use of non-metallic materials
- Hyundai and Aramco cooperation to explore future automotive businesses and technologies
SEOUL— Hyundai Motor Company signed a memorandum of understanding (MOU) with Saudi Arabian Oil Company (Saudi Aramco). The MOU provides a framework to accelerate expansion of a hydrogen ecosystem in the Korean and Saudi Arabian markets, and to explore the use of advanced non-metallic materials in various fields including the automotive industry.