Byton standing on its last leg
According to a new report in the Chinese business magazine Caixin, the lights are finally going out at the Chinese electric car start-up Byton. A local court has already initiated insolvency hearings.
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Foxconn suspends plans with Byton
Taiwanese contract manufacturer Foxconn has suspended its plans to cooperate with the struggling Chinese electric car start-up Byton. Insiders say this is due to Byton’s deteriorating financial situation.
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German Byton subsidiary launches insolvency proceedings
Following drawn-out proceedings, on 20 April, the Munich District Court ordered the provisional insolvency administration of Byton GmbH, the German subsidiary of the Chinese electric car start-up Byton.
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Byton under investigation for delayed insolvency proceedings
The Munich public prosecutor’s office is investigating insolvency proceedings at Byton GmbH at the Bavaria office. The company denies media reports that ex-CEO Daniel Kirchert has fled to Hong Kong to escape the investigations.
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Byton to launch collaboration with Foxconn in 2022
The struggling electric car startup Byton is negotiating a collaboration with Apple contract manufacturer Foxconn for what is reportedly an investment of $200 million. The plan is apparently to start mass production of the Byton M-Byte in the first quarter of 2022.
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Byton CEO Daniel Kirchert quits
German CEO Daniel Kirchert has reportedly left the struggling electric car manufacturer Byton. Nevertheless, there is a glimmer of hope for Byton: potential investors are conducting a ‘due diligence’ review at the moment.
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Byton resumes operations as Shengteng
There is news about the electric car start-up Byton, which has been temporarily suspended since 01 July. Chinese media now report, citing insiders, that the company is ready to resume full operations in September 2020.
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Byton may be facing bankruptcy
The electric car startup Byton that started with such promise looks to be on the brink of collapse. According to the company, it will cease operations for half a year from 1 July – whether it will continue after that is open.
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Byton furloughs half their US workforce
Byton furloughed half of their workforce employed at the U.S. headquarters in Santa Clara, California, due to the effects of the pandemic. The production launch of the M-Byte is also apparently at risk.
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Byton selects Qmerit as charging partner in the US
Byton has selected Qmerit as their new charging partner for wallbox installations in the USA. The agreement is for the installation of Level-2 residential charging hardware, leveraging Qmerit’s contractor network to help provide customer service.
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Byton M-Byte pre-orders to start in EU before year’s end
Before the end of this year, Chinese manufacturer Byton will be accepting advance orders from European customers for its first electric model M-Byte – for a reservation fee of 500 euros. Byton has also revealed some details on the planned distribution and charging service.
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Byton wins fresh financing in round 3
Byton electric car startup has received round C financing with the stake purchased by Japanese conglomerate Marubeni. At the CES in Las Vegas, both companies announced a strategic partnership but gave few details about the partnership. Byton also announced other partnerships, such as for content on the big screen in the M-byte.
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Byton & Electrify America announce cooperation
Byton will cooperate with Electrify America to provide owners of its electric cars in the USA with two years of free charging at the Volkswagen subsidiary’s public stations. Byton promises it will also be making “further important announcements” soon.
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Byton given distribution license in California
Byton has received a distribution license from the US state of California and founded the subsidiary Byton Cars California LLC. The license allows Byton to sell vehicles via its own infrastructure.
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Byton starts pre-production of the M-Byte EV
The Chinese electric car brand Byton has now started production of the pre-production series of its first M-Byte model at its Nanjing plant. The manufacturer says it already has 50,000 reservations for the EV worldwide.
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Byton contracts manufacturing in South Korea
The automotive parts manufacturer MS Autotech has just become a contract manufacturer for Byton in South Korea. Through its subsidiary Myoungshin, MS Autotech will produce more than 50,000 electric cars annually – in a former General Motors factory.
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Byton reveals the serial M-Byte at the IAA
At the IAA, Byton presented the series version of the M-Byte. The first deliveries to customers in China are slightly behind schedule and will begin in mid-2020. In Europe and North America, the company’s debut current will be launched in 2021.
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Byton gathers millions in financing with FAW as main investor
The Chinese electric car startup Byton is about to complete a 500 million dollar financing round, which will be led by China’s state-owned car manufacturer FAW with approximately 100 million dollars.
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Byton confirms co-founder Breitfeld is leaving
Today the Chinese electric car startup Byton confirmed that their Chairperson and CTO, former BMW manager Dr Carsten Breitfeld is leaving to “start a new adventure within the startup industry”. Byton said they will announce a new CTO soon and are on track with the pre-series production of M-Byte starting this summer.
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EV startup Byton may lose Chairman Breitfeld soon
Will Byton lose its most prominent executive before the first model comes to market? Chairman and co-founder Carsten Breitfeld is about to leave the company, a report by German Manager Magazin claims. Byton denies this.
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Korea: Former GM factory picked up by MS Autotech
A former General Motors car factory in the South Korean city of Gunsan is to become a production site for electric cars. The Korean component manufacturer MS Autotech bought the plant for the equivalent of almost 100 million dollars to manufacture on behalf of several OEMs.
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Byton marks 50,000 M-Byte reservations
Although the vehicle is not yet on the market, but Byton has already received no less than 50,000 reservations for the M byte via the website. Meanwhile, the startup with prototypes of the model completed winter tests in Inner Mongolia.
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Byton makes changes to leadership structure
Byton has announced to split the positions of CEO and Chairman more strictly, with Carsten Breitfeld taking over the role of chairman. Co-founder Daniel Kirchert will become CEO. Until now, Breitfeld had covered both positions.
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Byton looking for online sales and offline stores
Byton opened its first brick and mortar store in Shanghai this weekend and plans to expand to 30 locations by the end of the year. The Chinese EV startup will use the stores to set up and increase its online sales and service network.
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Byton presents pre-serial M-Byte with giant display
One year after the concept presentation of its first model, the Chinese electric car startup Byton, led by former BMW-i manager Carsten Breitfeld, follows up at the CES with the pre-series version of the electric SUV M-Byte, which is due to go into production this year.
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Byton plans April 2019 production launch in China
Byton has announced that their production launch for the electric SUV M-Byte will begin in April next year in China. The sales launch for China is planned for the second half of the year. In Europe and the US, the model will likely likely hit the market in the second half of 2020.
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Byton acquires FAW subsidiary Huali / securing license
Chinese EV start-up Byton, led by former BMW-i manager Carsten Breitfeld, takes over FAW subsidiary Huali (Tijian) Automobile and thereby secures a production license for serial production of electric cars in China. Byton had already closed an investment agreement with FAW in summer.
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China’s EV startups turning to established suppliers
News reach us speaking of two strategic cooperations. Electric carmaker WM Motor of China has turned to BorgWarner as a seasoned supplier of electric drives. Also Byton, China’s EV startup with a western all-star board, announced a cooperation with Bosch.
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Byton reveals electric premium sedan K-Byte
Just before the CES Asia in Shanghai, Byton has decided to pull back the curtain on their newest concept: The fully electric premium sedan K-Byte. They also announced the name for their e-SUV; It will be called the M-Byte.
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Byton secures investment from CATL, closes with $500M
Electric car startup Byton has closed its latest round of financing. It collected half a billion dollars from investors, the latest being CATL that joins the likes of China’s FAW. Byton, led by former BMWi manager Breitfeld, is about to present their second concept EV.
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