Aramco, one of the world’s leading integrated energy and chemicals companies, and BYD, a leading manufacturer of new energy vehicles and power batteries, have agreed to explore closer collaboration in new energy vehicle technologies.

A Joint Development Agreement signed by Saudi Aramco Technologies Company (SATC), Aramco’s wholly-owned subsidiary, and BYD aims to foster the development of innovative technologies that enhance efficiency and environmental performance.

This collaboration leverages the research and development teams of two leading global companies, with the aim of achieving new energy vehicle breakthroughs.

The collaboration between SATC and BYD aims to support improvements, and it builds on Aramco’s extensive research and development of new energy solutions. Aramco is exploring a number of ways to potentially optimize transport efficiency, from innovative lower-carbon fuels to advanced powertrain concepts. This work stems from our belief that multiple approaches are necessary to support a practical energy transition and we are delighted to collaborate with BYD on this journey.

—Ali A. Al-Meshari, Aramco Senior Vice President of Technology Oversight & Coordination