Detroit Bureau on Twitter

Archive for the ‘Byton’ Category

Faraday Future Furloughs More Employees

Company blaming Chinese investor for woes.

by Michael Strong on Dec.05, 2018

A large portion of Faraday's workers have been furloughed, those remaining taking pay cuts.

After a lengthy silence, financially challenged EV maker Faraday Future issued a tweet reconfirming its commitment to build its FF 91 model, while warning if an infusion of cash doesn’t arrive soon that could change. The company noted a round of layoffs are on tap as well.

In mid-November, the company was assumed dead before some churn at the top of the company’s management structure lead to founder Nick Sampson departing the company and the new leadership team announcing the company would come back.

Dig Deeper!

Today’s Twitter missive laid the blame for their current financial issues squarely at the feet of Chinese investment firm, Evergrande Health. (more…)

Chinese EV Maker Byton Unwraps 2nd Model at L.A. Auto Show

“We need a lot of funding,” CEO admits, outlining challenges ahead.

by Paul A. Eisenstein on Dec.03, 2018

Byton CEO Carson Breitfield talks about the new K-Byte EV at the Los Angeles Auto Show.

The global automotive market is in the midst of a revolution, something obvious to anyone attending this year’s Los Angeles Auto Show. Not only are we seeing a push into new technologies like electrification and autonomy, but the established carmakers are being taken on by a variety of automotive upstarts.

To a list that already includes the likes of Tesla, Faraday Future and Rivian, add China-based Byton. The company helped anchor the first day of previews at the L.A. Auto Show by unveiling a prototype of what it says will be its second new model, the K-Byte. But Byton officials also acknowledged that they still face challenges in their road to production.

News Now!

The debut of the K-Byte follows Byton’s original prototype, the M-Byte, and targets a relatively mainstream buyer, at least by the standards of the electric vehicle market. According to Breitfeld, the sleek battery-sedan will come in at a starting price of around $45,000 when it comes to market. The target, at least, is to have it reach showrooms in China next year, followed by a late 2019 launch in the U.S., and a European roll-out in 2020. (more…)

Byton Looks to Make a Splash at Pebble Beach

China-based EV maker showing SUV and a concept.

by Joseph Szczesny on Aug.22, 2018

Byton plans to display its M-Byte SUV at the Pebble Beach Concours.

Byton, the Chinese-backed maker of electric vehicles, plans to use a display at the 2018 Pebble Beach Concours d’Elegance, for the debut the Byton K-Byte Concept as well as its first production model.

The company’s display at Pebble Beach will also feature its M-Byte Concept sport-utility vehicle, a production version of which the company is scheduled to launch in China in late 2019 and the U.S. and Europe by 2020. The M-Byte was also displayed this past January at CES.

We Keep You Plugged In!

As a premium brand based in China that has a global reach, Byton also represents the first Chinese brand to show at the Pebble Beach, the company said.  (more…)