GUANGZHOU -- China-based electric-vehicle startup Byton is set to raise $100 million from investors including local automaker China FAW Group, with the funds going toward strengthening development and production.
Companies
China's FAW leads $100m infusion into Byton for electric cars
Startup founded by BMW alumni aims to procure $500m in total
A Byton concept vehicle. The company plans to begin mass production in late 2019. (Photo courtesy of Byton)
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