A novel finding, that the pyrolysis products of the mixture containing NiO, PdO and multi-walled carbon nanotubes (MWCNTs) (denoted as Pd x Ni y /MWCNTs), as compared to the system having only PdO and MWCNTs, have significant electrocatalytic activity for ethanol oxidation reaction (EOR), is reported for the first time in this work. The effects of the atomic ratio of Pd to Ni on the physicochemical properties of the synthesized Pd x Ni y /MWCNTs composites are basically investigated by using X-ray diffraction (XRD), scanning electron microscopy (SEM) and X-ray photoelectron spectroscopy (XPS). XRD results indicate that the crystallinities of the prepared catalysts are closely related to the atomic ratio of Pd to Ni. SEM observations reveal that the morphologies of the synthesized catalysts are also strongly affected by the atomic ratio of Pd to Ni. The electrocatalytic activity of the prepared Pd x Ni y /MWCNTs materials towards EOR is examined, and the results demonstrate that the best electrocatalytic activity for EOR is exhibited by the catalyst with an atomic ratio of Pd to Ni 1:1. Showing the fact, that the pyrolysis product of the mixture having PdO and NiO and MWCNTs has excellent electrocatalytic activity for EOR, is the main contribution of this work, which is believed to have developed a novel cost-effective electrocatalyst for EOR. Abstract Text, 800-1000 characters.