World’s largest oil company, Saudi Aramco of Saudi Arabia is fighting hard to protect its market share and slow a potential mass movements to electric vehicles.

Saudi Aramco and other major oil companies around the world ( can't say if Nigeria's Oil Companies are among ) aren't ready to surrender the automotive market to companies like Tesla and BYD because they pose potential threat to their business.

They keep fighting hard to protect their market share and slow a potential mass movements to electric vehicles.





But how is the World's highest earning oil company with an annual revenue of $478 billion USD (N165 trillion Naira) in 2017 fighting the likes of Tesla and BYD?

Saudi Aramco currently has 30 engineers working in Detroit U.S on a project to build better internal combustion engines that burns less oil.

The head of Saudi Aramco’s Detroit Research Center said:

"We are trying to get technology into production, and we want to be very fast.”

If they succeed (and I know there are other companies with similar research centres) in making internal combustion engines that are more efficient, then i think they can slow the loss of market share.



BP is already trying to embrace the idea and limit their losses by paying N61.6b ( £130m) to buy UK’s biggest electric car charging network, Chargemaster . Chargemaster currently has more than 6,500 charging points across the country. BP plans to deploy fast chargers at it’s 1,200 forecourts over the next year.

BP estimates that electric vehicles will reach about 12m in UK by 2040 with some analysts putting the figure much higher.

Nigeria is one of the largest oil producers in the world (total revenue from crude oil rose by 29% to N7.3 trillion in 2017) and the largest in Africa, although Libya has the largest reserves in the continent .

Don't you think the Federal Government and Oil companies are stylishly trying to slow down electric vehicles progress in the country?

https://autojosh.com/saudi-aramco-plans-to-slow-down-electric-vehicle-progress-by-making-efficient-engines/

change is constant, let them face the reality, the earlie the better

World War 3

Oil companies Vs Electric Tech Giants

Theme: Survival of the Otto cycle engine.

Electric cars are bae, you need to see the launch of the 2016 Acura NSX that electric motor really gives it that push

Ride on toTechnology....
It's all about the ENGINES

Saudi Aramco, one of many companies in a country of less than 30 million people earned N168 trillion.

The whole Naija earned less than N8 trillion from oil officially.

Yet we are busy shouting oil country upandan abandoning other resources.

Very unserious country we are.

Nigeria is finished

Shell is buying into Solar and electric car technology. There is no stupid country in this world. Eventually Elin Musk will be the richest man in the world but that is when today's oil companies would have bought large stocks in his companies

I just pity Nigerian workers connected to oil companies. When other countries look for ways to fight electric cars or at least give benefits to workers who are retrenched because of electric cars proliferation, Nigeria workers will just loose jobs just like that without any benefits or compensation whatsoever.

Aramco are going into engine manufacturing while our NNPC does not even know how much crude they are selling in a month

slimfit1:
Nigeria is finished

Countries, now intentionally SLOW DOWN their progress to see if NIGERIA and Black Africans will catch up at large.

Useless Nation

Imagine Russia Saudi Arab are preparing what are we doing nothing the children of the rich and elite will be sacrificed when the time comes.

Technology war

The real plan will be to slow down so they can make money from oil and invest madly in the same electric cars. They know it's only a short time left for oil. I know many of our leaders might be thinking it's for Opec's advantage.

DaV8King:
Saudi Aramco, one of many companies in a country of less than 30 million people earned N168 trillion.

The whole Naija earned less than N8 trillion from oil officially.

Yet we are busy shouting oil country upandan abandoning other resources.

Very unserious country we are.

Even at that, the revenue from the oil sector is grossly underdeclared due to many leakages: massive corruption in NNPC, unbridled greed of govt officials and sabotage.

Nigeria will soon be caught unaware againe.

They have a chance especially if the car is cheaper than electric.

Lol


All these talks na wash

Charlie you see this crude oil matter ba? We go they discuss am till 100 years from now.

If only people know how much has been invested into harvesting crude oil


People talk about this sheet like electricity was discovered this decade

All african oil producing countries that has refused to develop over these years with the oil boom .....ntoorrr

Before this electric car starts to deplete my auto market share, make i kuku start to announce sharp sharp say i get one lexus is250 AWD toks for sale here in ibadan for 2.99m

08034290032

These are the corporations that distort global progress because of financial gain.

165 Trillion what in a year ?

deepwater:
Lol


All these talks na wash

Charlie you see this crude oil matter ba? We go they discuss am till 100 years from now.

If only people know how much has been invested into harvesting crude oil


People talk about this sheet like electricity was discovered this decade

Excuse me ma, you seems to be fully knowledge about crude oil exploration. am very much interested and would be grateful if you followed me back so we can chart privately. thanks for your kind co operation

If Nigeria government are wise, they should buy shares electric vehicles companies and even provide them production space in Nigeria

Good idea




But let it be known that electric cars n solar technology is a technology of the future.

Crude oil will still be the major source of power till the end of the century.

Man has not yet been able to stop using coal which is over 400 years, talk more of crude oil that is just about 100 years old.

America China India Germany Etc still depend on coal fired plants to generate most of the electricity that they use.

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They better embrace diversification before the electric car revolution knocks them by surprise.

Electric motor is one good thing I have prayed for and by the grace of God it has come to stay. Even Naturalists and enviromentalists are against the use of fuel-powered cars.

I want nigerian crude oil to become useless so that the parasitic buffoons called northerners can leave the south alone.

ITbomb:
Aramco are going into engine manufacturing while our NNPC does not even know how much crude they are selling in a month

Nnpc that import refined product daily?

DaV8King:
Saudi Aramco, one of many companies in a country of less than 30 million people earned N168 trillion.

The whole Naija earned less than N8 trillion from oil officially.

Yet we are busy shouting oil country upandan abandoning other resources.

Very unserious country we are.

bro I know we can't earn like them but we earn higher than you quoted. But the problem is corruption. The amount of money stolen everyday can buy another NIGERIA.

Automotive1:


World’s largest oil company, Saudi Aramco of Saudi Arabia is fighting hard to protect its market share and slow a potential mass movements to electric vehicles.

Saudi Aramco and other major oil companies around the world ( can't say if Nigeria's Oil Companies are among ) aren't ready to surrender the automotive market to companies like Tesla and BYD because they pose potential threat to their business.

They keep fighting hard to protect their market share and slow a potential mass movements to electric vehicles.





But how is the World's highest earning oil company with an annual revenue of $478 billion USD (N165 trillion Naira) in 2017 fighting the likes of Tesla and BYD?

Saudi Aramco currently has 30 engineers working in Detroit U.S on a project to build better internal combustion engines that burns less oil.

The head of Saudi Aramco’s Detroit Research Center said:


If they succeed (and I know there are other companies with similar research centres) in making internal combustion engines that are more efficient, then i think they can slow the loss of market share.



BP is already trying to embrace the idea and limit their losses by paying N61.6b ( £130m) to buy UK’s biggest electric car charging network, Chargemaster . Chargemaster currently has more than 6,500 charging points across the country. BP plans to deploy fast chargers at it’s 1,200 forecourts over the next year.

BP estimates that electric vehicles will reach about 12m in UK by 2040 with some analysts putting the figure much higher.

Nigeria is one of the largest oil producers in the world (total revenue from crude oil rose by 29% to N7.3 trillion in 2017) and the largest in Africa, although Libya has the largest reserves in the continent .

Don't you think the Federal Government and Oil companies are stylishly trying to slow down electric vehicles progress in the country?

https://autojosh.com/saudi-aramco-plans-to-slow-down-electric-vehicle-progress-by-making-efficient-engines/

As soon as e-vehicle manufacturers are able to perfect autonomous solar charging for e-vehicles, nobody will have to argue with anyone. Some of these vehicles already assure 350+miles on a full charge.

Saudi Aramco is no way in revenue near the amount you stated get your facts right.. why did you think Saudi Arabia is fast burning it foreign reserve.