Aramco and BYD partner on new energy vehicle technologies

Aramco has signed a joint development agreement with BYD, a leading Chinese manufacturer of new energy vehicles (NEVs) and batteries, to advance technologies aimed at improving vehicle efficiency and environmental performance.

The agreement, signed between Saudi Aramco Technologies Company (SATC), a wholly owned subsidiary of Aramco, and BYD, seeks to leverage the research and development expertise of both companies to foster innovation in the new energy vehicle (NEV) sector.

Ali A. Al-Meshari, Aramco’s senior vice president of Technology Oversight & Coordination, said the partnership builds on Aramco’s long-standing efforts to improve transport efficiency through a range of technologies. 

“Aramco is exploring a number of ways to potentially optimise 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,” said Al-Meshari.

Luo Hongbin, senior vice president of BYD, emphasised the role of international cooperation in addressing climate challenges. 

“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,” Luo said.

The initiative reflects a shared commitment by both firms to accelerate decarbonisation in the transport sector and contribute to global climate goals.

Aramco (officially Saudi Arabian Oil Company) is one of the world’s largest integrated energy and chemicals enterprises. Headquartered in Dhahran, Saudi Arabia, it is the world’s top oil producer. Aramco operates across the hydrocarbon value chain—from exploration and production to refining, chemicals, and renewables. The company is increasingly focused on advancing low-carbon technologies and plays a central role in Saudi Arabia’s Vision 2030 diversification strategy.

BYD Company Limited (Build Your Dreams) is a multinational company headquartered in Shenzhen, China. Originally a battery manufacturer, BYD has become a global leader in electric vehicles (EVs), plug-in hybrids, and renewable energy solutions. It is one of the world’s largest EV manufacturers by volume and produces everything from passenger cars and buses to rail transit and solar panels. BYD’s strength lies in vertical integration, enabling in-house development of batteries, motors, and semiconductors for its NEVs (New Energy Vehicles).