Covestro and BYD: Partnership for Innovative Materials

Mobility Cooperation Covestro and BYD Want to Bring the Future of Mobility to the Road

2026-07-16 Source: Covestro | Translated by AI 2 min Reading Time

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Covestro and the Chinese electric car manufacturer BYD have signed a memorandum of understanding for a long-term strategic partnership focused on innovative materials ...

This image apparently symbolizes the closeness between the plastics specialist Covestro and the Chinese automotive manufacturer BYD. Now both are coming even closer together to help shape the future of mobility sustainably. Here are some details ...(Image: Metamorworks / Covestro) — This image apparently symbolizes the closeness between the plastics specialist Covestro and the Chinese automotive manufacturer BYD. Now both are coming even closer together to help shape the future of mobility sustainably. Here are some details ...
(Image: Metamorworks / Covestro)

The materials manufacturer Covestro and BYD, one of the world's leading manufacturers of vehicles with alternative drives, today announced the signing of a memorandum of understanding to establish a long-term strategic partnership. The focus is on the development and application of advanced materials for BYD's growing industrial portfolio—including, of course, the automotive industry, but also energy storage and general next-generation technologies, which are described in more detail on the next page. The agreement marks a significant advancement in collaboration, says Covestro. It goes beyond a classic supply relationship and aims for close cooperation along the entire value chain.

BYD fully covers the damage caused by its assistance systems. (Image:BYD)

This Is Where BYD and Covestro Will Be Active Together:

The foundation is the shared belief that the future of mobility, energy, and "smart" systems requires intensive joint innovation efforts. The partnership with BYD also directly supports Covestro's "Sustainable Future" strategy, as noted by the company in Leverkusen. This includes developing material cycles and advancing growth in industries where the performance of low-CO₂ materials increasingly becomes a decisive competitive factor. As part of the memorandum of understanding, both companies will deepen their collaboration in the fields of new energy vehicles, drive batteries, public transportation, energy storage, and new technology applications. The partnership encompasses joint innovation initiatives, technological co-development, and potential strategic investment projects. Covestro's materials labeled with CQ (Circular Intelligence), which consist of at least 25% alternative raw materials, form an essential component of this collaboration.

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