HONG KONG -- Byton, one of China's most high-profile electric vehicle startups, will suspend operations and production in the country for at least six months and lay off its non-core U.S. workers after a failed attempt to secure new funds in the face of an industry shakeout and economic slowdown.
China tech
China EV hope Byton halts local operations amid financing woes
US workers at car startup face layoffs while European staff to reduce hours
The Byton M-Byte all-electric SUV is shown at a news conference during the 2020 CES in Las Vegas on Jan. 5. © Reuters
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