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China's BYD, Exxon Mobil to deepen hybrid technology partnership

Published by Global Banking & Finance Review

Posted on January 27, 2026

1 min read

· Last updated: January 27, 2026

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China's BYD, Exxon Mobil to deepen hybrid technology partnership
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BEIJING, Jan 27 (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

BYD and Exxon Mobil Strengthen Partnership in Hybrid Technology

Deepening the Hybrid Technology Partnership

BEIJING, Jan 27 (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.

Details of the Memorandum of Understanding

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.

Previous Collaborations in Engine Oil

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)

Key Takeaways

  • BYD and Exxon Mobil are deepening their partnership.
  • The focus is on hybrid technology and new material applications.
  • A Memorandum of Understanding was signed to formalize this collaboration.
  • Previous collaborations include engine oil for BYD's plug-in EVs.
  • The partnership aims for long-term strategic development.

Frequently Asked Questions

What is hybrid technology?
Hybrid technology refers to systems that combine two or more different types of technologies, such as electric and traditional combustion engines, to improve efficiency and reduce emissions in vehicles.
What is engine oil?
Engine oil is a lubricant used in internal combustion engines to reduce friction, protect against wear, and help maintain optimal operating temperatures.
What are plug-in EVs?
Plug-in EVs (Electric Vehicles) are vehicles that can be recharged from an external power source, allowing them to operate on electric power as well as traditional fuel.
What is product research and development?
Product research and development (R&D) involves the process of creating new products or improving existing ones through systematic investigation, design, and testing.

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