China’s (BYDDF) announced Tuesday that it aims to strengthen its collaboration with U.S. oil giant Exxon Mobil (XOM) in hybrid technology.
Under a long-term strategic memorandum of understanding agreement signed on Monday, the two companies will explore customized product research and development, collaborative possibilities in new material applications, among other fields, Reuters reported.
BYD (BYDDY) launched engine oil jointly with Exxon Mobil (XOM) specifically designed for its plug-in EVs last year.
