Saudi Aramco Technologies Company (SATC), Aramco’s wholly-owned subsidiary, and BYD, a leading manufacturer of new energy vehicles, have signed a Joint Development Agreement, to foster the development of energy vehicle technologies.
This collaboration leverages the research and development teams of two leading global companies, with the aim of achieving new energy vehicle breakthroughs.
Ali A. Al-Meshari Senior VP – Technology Oversight and Coordination – Aramco
“The collaboration between SATC and BYD aims to support energy efficiency 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.”
Luo Hongbin, Senior Vice President of BYD, said that, “At the crossroads of technological innovation and environmental protection, BYD always believes that true breakthroughs come from openness and collaboration. We expect that SATC and our cutting-edge R&D capabilities in new energy vehicles will break the boundaries of geography and mindset to incubate solutions that combine highly-efficient performance with a lower carbon footprint. We are confident that this will support the world’s efforts to address the climate challenge.”
