The effect of introducing various types of alkyl aluminums directly into the catalyst and/or in the polymerization process as cocatalyst on the efficiency of a Cr‐V bimetallic catalyst for ethylene polymerization is systematically investigated. Results indicate that polymerization activity, kinetic behavior, and polymer properties of the Cr‐V catalyst are strongly affected by using alkyl aluminums in different stages of polymerization, due to the different responses and sensitivities of the two metal centers to alkyl aluminum. When employed as cocatalyst, triisobutyl aluminum gives high activity and polyethylene with relatively low molecular weight, while diethylaluminum chloride cocatalyzes the production of ultra‐high molecular weight polyethylene but with very low activity. On the other hand, the pre‐reduction of the bimetallic catalyst by alkyl aluminums has a marked promotion effect on catalyst efficiency. It is suggested that the addition of alkyl aluminum to the catalyst and to the reactor as cocatalyst are more or less equivalent in their effects on the improvement of polymerization activity, but they behave in different ways to affect polymer properties.