Byton, a Chinese language electrical automobile startup, has secured a $500 million Sequence B funding spherical to gas the event of good, related vehicles. Traders embrace 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 improvement 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. Carsten Breitfeld mentioned in a press release.
On the Shopper Electronics Present, Byton unveiled its all-electric SUV idea. Earlier this yr, Byton additionally introduced a partnership with self-driving automobile startup Aurora. The phrases of the partnership entail Aurora powering Byton’s autonomous driving options by way of a pilot deployment within the subsequent couple of years. Byton plans to roll out its first batch of prototypes in April 2019 with the objective of This autumn 2019 for the launch of a mass-produced mannequin.