LEXINGTON, Ky., Oct. 25, 2021 /PRNewswire/ -- Valvoline
Inc. (NYSE: VVV) – a global leader in vehicle care
powering the future of mobility through innovative services and
products – recently announced the launch of XEV, the brand's
first China-based release of
hybrid, plug-in hybrid and pure electric vehicle products. The
announcement was made in conjunction with Shanghai-based car maintenance service
provider, Tuhu, who will provide services using Valvoline XEV
products.
'XEV' refers to a suite of hybrid and EV fluids – including
motor oil, battery protection fluid, transmission and brake fluids.
Valvoline's XEV products were designed to improve overall vehicle
performance and reduce comprehensive maintenance costs.
Valvoline's brand standing as an innovative, global leader in
automotive products and solutions is further demonstrated by the
launch of XEV.
"Valvoline is doing now what is has always done – leading with
innovation in an evolving automotive landscape," said Yu Chang, vice president of Valvoline
International. "In looking toward what will be a more robust demand
for electrification in the coming years, our brand is prioritizing
how to best meet consumer needs worldwide – regardless of what
powers each vehicle under the hood."
Valvoline developed XEV new energy products and services in
anticipation of an expected market shift. According to the China
Society of Automotive Engineering's Roadmap 2.0 for Energy
Saving and New Energy Vehicles, by 2035, new energy
vehicles will account for more than 50% of new automotive sales in
China.
"With the rise of hybrid-powered and electric vehicles, car
manufacturers are facing unprecedented engineering and design
reform in auto industry history," said Chang. "From traditional
energy to new energy, Valvoline has been growing with global and
Chinese markets, embracing reform together with its partners – and
achieving win-win innovation."
Much like the Valvoline EV Performance Fluids launched stateside
in 2019, XEV product line innovation works to address needs
specific to hybrid and EV, including battery temperature
variations, powertrain performance, brake system corrosion and seal
bearing failure.
"As we look to the future of automotive – not just domestically
but abroad – we are committed to ensuring our products, services
and science evolve, adapt and solve consumer issues accordingly,"
added Chang.
To learn more, visit www.valvoline.com.
About Valvoline™
Valvoline Inc. (NYSE: VVV) is a
global leader in vehicle care powering the future of mobility
through innovative services and products for vehicles with
electric, hybrid and internal combustion powertrains. Established
in 1866, the Company introduced the world's first branded motor oil
and over the years developed strong brand recognition and customer
satisfaction ratings across multiple service and product channels.
The Company operates and franchises nearly 1,600 service center
locations, and is the No. 2 and No. 3 largest chain in the U.S. and
Canada respectively by number of
stores. With sales in more than 140 countries, Valvoline's
solutions are available for every engine and drivetrain, including
high-mileage and heavy-duty vehicles, and are offered at more than
70,000 locations worldwide. Creating the next generation of
advanced automotive solutions, Valvoline has established itself as
the world's No. 1 supplier of battery fluids to electric vehicle
manufacturers, offering tailored products to help extend vehicle
range and efficiency. To learn more, or to find a Valvoline service
center near you, visit valvoline.com.
™ Trademark, Valvoline or its subsidiaries,
registered in various countries
℠ Service mark, Valvoline or its subsidiaries,
registered in various countries
FOR FURTHER
INFORMATION
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Media
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Ashley Foster,
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Sean T.
Cornett
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+1 (205) 322-5646
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ashley@bigcom.com
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scornett@valvoline.com
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SOURCE Valvoline Inc.