The Oil Sustainability Program (OSP) and Hyundai Motor Company have signed a memorandum of understanding (MoU) in Seoul, South Korea, to accelerate innovation in sustainable transportation and promote eco-friendly mobility solutions.
Under the agreement, both parties will collaborate on the development of advanced vehicle technologies, including improved hybrid powertrains, enhanced internal combustion engines, and innovative emission treatment systems. These advancements aim to boost fuel efficiency and reduce environmental impact.
The MoU also supports joint research efforts to foster innovation, build a sustainable transportation ecosystem, and enhance quality of life.
This partnership aligns with Saudi Vision 2030’s environmental goals by championing cutting-edge technologies and best practices in the transport sector, reflecting a mutual commitment to more efficient and sustainable mobility.
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