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

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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

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