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Briefing: Chinese EV startup Byton to complete China factory by May
Electric car startup BYTON on track to complete China factory by May – TechCrunch
What happened: Chinese electric car maker Byton is on track to complete the construction of its factory in the eastern Chinese city of Nanjing by May, a company executive said at a consumer electronics trade show in Las Vegas over the weekend. The new plant, which is being built on the site of its other Nanjing prototype manufacturing plant, is expected to churn out 300,000 vehicles per year.
Why it’s important: There are plenty of ambitious electric car companies in China, but only a few have successfully delivered vehicles to customers. Founded in 2016 by former BMW and Infiniti executives, Byton promised to launch its first car, the M-Byte smart SUV, by mid-2019 and begin mass production by the end of the year. The company is currently testing its vehicles in China, Europe, and the US. It previously revealed plans to bring its cars to the US by 2020.