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Chinese electric carmaker Byton raises US$500mil to take on Tesla


  • Tech News
  • Wednesday, 13 Jun 2018

Byton is led by former executives from Tesla, BMW, Apple and Google, and expects to launch in China by 2019 and in the United States and Europe by 2020. — Byton/dpa

Byton is led by former executives from Tesla, BMW, Apple and Google, and expects to launch in China by 2019 and in the United States and Europe by 2020. — Byton/dpa

WASHINGTON: China-based electric car startup Byton has raised US$500mil (RM1.99bil) as it ramps up efforts to take on rivals like Tesla. 

Byton’s new capital is led by from FAW Group, Tus-Holdings, CATL and others, a statement from its North American headquarters in California said June 11. 

   

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