Aramco and BYD. The unusual alliance
Aramco and BYD collaborate on new energy vehicle technologies
Aramco is committed on all fronts of power delivery to the wheels. No, the sovereign oil company of Saudi Arabia has not changed its mission, it has simply integrated its original focus. Such as mentioned HERE, Aramco has recently purchased a 10% equity stake in Horse Powertrain, a company specialized in hybrid and internal combustion powertrain solutions.
For the new energy vehicles too Aramco could be a good advisor
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. As in, Saudi company capital and Chinese expertise. BYD is the catch-all that has gone from batteries to road vehicles (first buses, then cars, finally aiming at trucks).
This initiative in the words of the players
Ali A. Al-Meshari, Aramco Senior Vice President of Technology Oversight & Coordination, said: “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: “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.”
