PHOTO
Close up of the power supply plugged into an electric car being charged. Getty Images
Saudi Aramco Technologies Company (SATC), a wholly-owned subsidiary of a Saudi-listed oil major, and BYD signed a joint development agreement to develop new technologies to improve the efficiency and environmental performance of EVs, the two companies said in a joint statement on Monday.
Aramco is exploring a number of ways to potentially optimise transport efficiency, from lower-carbon fuels to advanced powertrain concepts, said Ali A. Al-Meshari, Senior Vice President of Technology Oversight & Coordination, Aramco.
In February, Saudi Electricity Company (SEC) and BYD Energy Storage signed a contract to build the world’s largest grid-scale energy storage project in the Kingdom.
Under the pact, BYD will supply 12.5 gigawatt-hours (GWh) of Battery Energy Storage System (BESS) capacity to the Saudi-listed SEC.
(Editing by Anoop Menon)
(anoop.menon@lseg.com)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.