Hyundai, Saudi State Oil Giant to Cooperate in Hydrogen Fuel

Hyundai on Tuesday signed a partnership deal with Saudi Arabia's state-run oil company Aramco to boost cooperation in the hydrogen fuel sector.

The deal coincided with Saudi Crown Prince Mohammad bin Salman's state visit to Seoul on Wednesday promising massive investment.

The Korean carmaker will supply hydrogen-powered cars to the Middle Eastern country, while the Saudi oil giant will help Hyundai set up hydrogen fueling stations in Korea.

They will also cooperate in developing advanced materials such as carbon fiber for automotive production.