Chinese EV Start-Up Byton To Close $500M In Series C Round Against Headwinds

Chinese electric vehicle start-up Byton showed off the final production version of its SUV model, "M-Byte SUV," at the 2019 Frankfurt Motor Show on September 10, 2019.

Chinese all-electric vehicle brand Byton is raising a series C round of financing at US$500 million from Chinese state-owned automotive manufacturer FAW Group and government-led industry investment funds after the start-up experienced a management shake-up and reported layoffs.

China Money Network

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech


Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!


Already have an account or paid subscription? Log in

China Expert network

LEAVE A REPLY