Gasgoo Munich- BYD Auto Industry Co., Ltd. and ExxonMobil China Investment Co., Ltd. have signed a long-term strategic memorandum of understanding at BYD's Shenzhen headquarters, marking a new chapter in their collaboration on new energy hybrid technology.
Image source: BYD
The agreement builds on an existing partnership. Previously, the companies jointly launched the BYD Mobil™ Hybrid Special series of engine oils. Tailored for plug-in hybrid vehicles, these lubricants boost fuel economy and feature superior water handling and emulsion stability. They address moisture buildup common in hybrid engines during short, low-temperature trips, ensuring reliable lubrication and smooth operation across diverse driving conditions.
Building on this foundation, both sides will leverage their strengths in joint research and development to deepen ties in customized product innovation, technical collaboration, and standard-setting. They also plan to explore new materials, aiming to drive the industry toward sustainability and intelligence. The partnership reflects a long-term goal of combining strengths for shared success.
Moving forward, ExxonMobil will tap its global production footprint, logistics network, and supply chain management expertise to provide BYD's global manufacturing bases with stable, timely, and efficient supplies of compliant lubricants and related products. Together, the companies will optimize supply chain processes to bolster BYD's global resilience, allowing for faster responses to market demand and better service for consumers worldwide.
