Baku, Azerbaijan, April 22. Aramco and BYD have
signed a Joint Development Agreement to explore potential
collaboration in new energy vehicle (NEV) technologies, Trend reports.
The agreement was concluded between Saudi Aramco Technologies
Company (SATC), a wholly owned subsidiary of Aramco, and BYD, a
leading global manufacturer of NEVs and power batteries.
The collaboration aims to support the development of innovative
solutions focused on improving energy efficiency and reducing
environmental impact. It will bring together the research and
development capabilities of both companies in an effort to advance
technology within the NEV sector.
Ali A. Al-Meshari, Senior Vice President of Technology Oversight
& Coordination at Aramco, said the agreement reflects Aramco’s
commitment to advancing lower-carbon transport solutions. “Aramco
is exploring a number of ways to potentially optimize transport
efficiency, from innovative lower-carbon fuels to advanced
powertrain concepts,” he noted.
Luo Hongbin, Senior Vice President of BYD, highlighted the
importance of joint efforts in driving innovation. “We expect that
SATC and our R&D capabilities in new energy vehicles will
support the development of solutions that combine high performance
with a lower carbon footprint,” he said.
Both companies stated that the initiative supports broader
global efforts to address climate and energy challenges.