BEIJING, (Reuters) – China’s BYD and U.S. oil major Exxon Mobil will deepen their partnership in hybrid technology, the Chinese electric vehicle maker said in a statement on Tuesday.
Under a long-term strategic Memorandum of Understanding agreement signed on Monday, the two companies will explore customised product research and development, collaborative possibilities in new material applications, among other fields, the statement said.
BYD launched engine oil jointly with Exxon Mobil specifically designed for its plug-in EVs last year.
Reporting by Beijing newsroom; Editing by Jacqueline Wong
