Byton, a Chinese language electrical automotive startup, has secured a $500 million Sequence B funding spherical to gas the event of good, related vehicles. Buyers embody FAW Group, Tus-Holdings and CATL. Byton additionally introduced the opening of a brand new HQ in Nanjing, China. That is on high of Byton’s analysis and growth heart in Santa Clara, Calif.
“By combining our experience in R&D and conventional car-making with revolutionary Web applied sciences, we aspire to pioneer a sensible mobility revolution,” Byton CEO and Co-founder Dr. Carsen Breitfeld stated in an announcement.
On the Client Electronics Present, Byton unveiled its all-electric SUV idea. Earlier this yr, Byton also announced a partnership with self-driving car startup Aurora. The phrases of the partnership entail Aurora powering Byton’s autonomous driving options through a pilot deployment within the subsequent couple of years. Byton plans to roll out its first batch of prototypes in April 2019 with the aim of This fall 2019 for the launch of a mass produced mannequin.