Byton Seeks for CNY 2 Billion Round
Byton is now registering a new company, 'Shengteng,' seeking RMB 2 billion investment to speed up the manufacturing of Byton M-Byte. Byton's shareholders, including FAW, is pushing forward the deal, according to Chinese media Beijing Business Today (link in Chinese).
On July 1, Byton suspended its operations in China to reorganize due to cash flow pressures. It plans to restart from September to proceed with the mass production of M-Byte. But without new funds, the plan will be empty.
EqualOcean reported the issue Byton faces on July 8.
This text is a result of machine translation.
Related companies：
Briefing Yesterday 05:28 PM
· Automotive
102900-153900 yuan, BAIC motor magic cube opened for pre-sale
Briefing Jun 23, 2022 09:45 AM
· Automotive
The first BIW is off the assembly line, and Volkswagen Anhui is further away from mass production
In-depth
Briefing Jun 21, 2022 04:56 PM
· Automotive
Challenge the new energy 20+ world record, WeiPai Mocha dht-phev takes the G318 highway again
Briefing Jun 21, 2022 03:03 PM
· Automotive
Integrating the needs of the Chinese market into strategic decisions, Mercedes Benz group appointed Gao Xu as its Chief Strategic Officer
Research
Technology, AutomotiveGlobal Auto Chip Shortage: Challenges, Opportunities and Implications for OEMs
Aug 04, 2021 03:41 PM
Dec 09, 2020 09:37 AM
Nov 06, 2020 10:00 AM
Research
Real Estate, Consumer Discretionary, IndustrialsTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Briefing Jun 21, 2022 10:51 AM
· Automotive
The cumulative delivery of Xiaopeng automobile exceeded 200000 units
Briefing Jun 20, 2022 02:22 PM
· Automotive
The new generation of Ford F-150 Raptor is listed: RMB 686800, using the direct sales model
Briefing Jun 19, 2022 12:33 PM
· Automotive
Haval animal hybrid DHT starts from RMB 153800, and the joint venture fuel vehicle price enjoys the hybrid experience of 1000 km endurance
Briefing Jun 17, 2022 07:17 PM
· Automotive
Three top executives parachuted, Volkswagen Group adjusted its top management structure in China
Briefing Jun 17, 2022 07:16 PM
· Automotive
Three top executives parachuted to Volkswagen (China), and Volkswagen Group adjusted its top management structure in China
Briefing Jun 17, 2022 06:11 PM
· Automotive
The price is 149000 yuan, and 2022 EULA cat GT 401km endurance version comes into the market
Briefing Jun 15, 2022 10:31 PM
· Automotive
The first batch covered nearly 100 intersections, and the Ford vehicle road coordination system landed in Xi'an, the ancient capital of 24 Dynasties
Briefing Jun 13, 2022 05:21 PM
· Automotive
Geely plans to acquire 79.09% equity of Meizu
Briefing Sep 15, 2021 11:31 AM
· Automotive
Financial Associated Press, September 15 - Foxconn and Baiteng's electric vehicle project was suspended.
See more
Read next
In-depth
Insight
In-depth
Technology
Fledgling Players, Top-selling Products: China's Smart Home Industry in 2022
Jun 23, 2022 11:14 AM
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.