Aramco to Develop New Energy Vehicle Technologies With China’s BYD

Saudi Aramco and the top Chinese electric vehicle manufacturer, BYD, will explore closer collaboration in the development of new energy vehicle technologies, Saudi Arabia’s state oil giant said on Monday. Aramco’s wholly-owned subsidiary, Saudi Aramco Technologies Company (SATC), and BYD have signed a joint development agreement to explore innovative EV technologies that boost efficiency and the environmental profile of new energy vehicles. “Aramco is exploring a number of ways to potentially optimize transport efficiency, from…