BYD & ExxonMobil Boost Cooperation in Hybrid EV Innovation

China’s largest automaker, BYD Company Limited BYDDY and Exxon Mobil Corporation’s XOM entity in China, ExxonMobil China Investment Co., Ltd., have agreed to strengthen their cooperation in new-energy hybrid technology. The two companies signed a new strategic memorandum of understanding (MoU) on Jan. 26, 2026.The MoU reflects a continuation of a long-term partnership between BYD and ExxonMobil, highlighting joint research and development, technical collaboration and the transformation of research outcomes into real-world applications. Both companies plan to work on industry standards and brand-level cooperation related to hybrid technologies, highlighting a broader strategic alignment beyond individual products.Previously, BYD and ExxonMobil jointly developed a customized engine oil specifically designed for plug-in hybrid electric vehicles (PHEV). The product was created to meet the unique operating conditions of these vehicles, including frequent engine starts, short driving distances and low-temperature operation. This new agreement builds on that foundation and expands the scope of collaboration.Supply chain support is another key component of the partnership. ExxonMobil will leverage its global production network, logistics capabilities and supply chain expertise to deliver compliant lubricant products to BYD’s overseas production facilities on time. This support aims to strengthen BYD’s ability to respond more quickly and reliably to global market trends.In addition to supply chain support, the partnership will also focus on new material innovations, making vehicles more sustainable. This demonstrates the partnership’s shared goal of improving hybrid technology while supporting energy efficiency and environmental responsibility.While financial terms, investment figures and product launch timelines have not been disclosed, the agreement signals BYD and ExxonMobil’s commitment to promoting cleaner and more efficient hybrid vehicles worldwide.Overall, BYD and ExxonMobil aim to advance PHEV technology, making hybrid vehicles more efficient, reliable and sustainable while reinforcing a shared commitment to cleaner, greener transportation worldwide.Byd Co., Ltd. Price and Consensus Byd Co., Ltd. price-consensus-chart | Byd Co., Ltd. QuoteBYDDY’s Zacks Rank & Key PicksBYD currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the auto space are Mazda Motor MZDAY and Nissan Motor Co. NSANY, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for MZDAY’s fiscal 2026 and 2027 EPS has improved 6 cents and 3 cents, respectively, in the past 60 days.The Zacks Consensus Estimate for NSANY’s fiscal 2026 loss per share has widened 62 cents and the same for fiscal 2027 EPS has improved 3 cents in the past 90 days.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Nissan Motor Co. (NSANY): Free Stock Analysis Report Mazda Motor Corporation (MZDAY): Free Stock Analysis Report Byd Co., Ltd. (BYDDY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks