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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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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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 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 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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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 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 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 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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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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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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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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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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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 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 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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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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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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