Aramco, BYD collaborate on new energy vehicle technologies

Saudi Aramco Technologies Co. (SATC), a wholly owned subsidiary of Aramco, signed an agreement with BYD to explore closer collaboration in new energy vehicle technologies.

In an emailed statement to Argaam, Aramco said the agreement 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 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,” Ali A. Al-Meshari, Aramco Senior VP of Technology Oversight & Coordination, said in the statement.

“This work stems from our belief that multiple approaches are necessary to support a practical energy transition,” he added.