New energy carmaker Byton raises US$500 mn

Chinese automobile manufacturer Byton, also called Future Mobility Corporation, said it has recently completed the B-round financing totalling US$500 million, The Paper reported. The injection is led by state-owned auto giant FAW Group, high-tech firm Tuspark, lithium-ion batteries producer Contemporary Amperex Technology as well as the “Belt & Road” investment funds of Jiangsu province. Founded […]