Gasgoo Munich- On Jan. 26, BYD Auto Industry Company Limited ("BYD") and ExxonMobil (China) Investment Co. Ltd. have signed a long-term strategic cooperation memorandum at BYD's headquarters in Shenzhen, marking a new phase in their collaboration on new-energy hybrid technologies.
Image source: BYD
The agreement builds on an existing partnership between the two companies. In an earlier phase of cooperation, BYD and ExxonMobil China jointly launched the BYD Mobil™ Hybrid-dedicated engine oil range, developed specifically for plug-in hybrid electric vehicles ("PHEV"). Designed to improve fuel efficiency, the product features enhanced moisture-handling and emulsion stability, addressing the tendency of PHEV-used engines to accumulate moisture during short-distance, low-temperature operation while ensuring reliable lubrication and stable performance across diverse driving conditions.
Building on this foundation, BYD and ExxonMobil plan to leverage their respective strengths in joint research and the commercialization of technological fruits. The expanded partnership will focus on customized product development, closer technical coordination and joint standard-setting, as well as brand collaboration. The two sides also intend to explore cooperative innovation in new materials, supporting the industry's transition toward more sustainable and intelligent development while pursuing a long-term, mutually beneficial partnership.
As part of the collaboration, ExxonMobil will draw on its global manufacturing footprint, extensive logistics network and mature supply chain management capabilities to provide BYD's overseas production facilities with a stable, timely and locally compliant supply of lubricants and related products. The partners will also work together to streamline supply chain processes, strengthening the resilience of BYD's global supply network and enabling a more agile response to market demand worldwide.
