BYTON is a globally reaching start-up company that is building full electric cars from the ground up. The company designs cars as a fully connected smart device on wheels.
Byton aims to transform the way consumers experience mobility—while simultaneously upending the way car companies do business.
BYTON was established in 2017 and incorporated in Hong Kong, co-founded by Carsten Breitfeld & Daniel Kirchert. BYTON has it's headquartered based in Nanjing, Shanghai, China, with additional offices in Beijing, Shanghai, Hong Kong, Santa Clara, & Munich. It is a subsidiary of China Harmony New Energy Auto Holding Limited.
Byton unveiled its first concept car to the public in January 2018. The company is currently running a trial shop at its Nanjing headquarters where drivable prototypes are built. It plans to introduce its M-Byte SUV model first, with the start of production scheduled for late 2019. The SUV will go on sale in China end of 2019, followed by the U.S. and European markets in the second half of 2020.
BYTON's investors include Tencent Holdings, Foxconn Technology Group, FAW Group, Fullshare Holdings, Suning.com and others. The company raised a whooping $500M in its latest "Series C" financing on Sep 11, 2019. This brings BYTON's total funding to $1.2B to-date.
BYTON was reportedly valued at a whooping $2.5B during it's "Series B" financing on Jun 11, 2018.