BYTON

BYTON is a developer of next-generation smart electric vehicles and connected mobility solutions based in Nanjing, Jiangsu province, China. The company focuses on engineering and manufacturing premium electric cars, specifically the M-Byte SUV, targeting consumer markets across China, the United States, and Europe. During its primary operational period, the automaker secured approximately $700 million in total venture funding and reached an estimated valuation of around $4 billion by the end of 2019. To support its factory construction and production scaling efforts, BYTON attracted significant financial backing from major corporate and institutional investors, including Tencent, Foxconn, FAW Group, and Harmony Auto. At its peak, the enterprise reported accumulating 50,000 vehicle pre-orders split evenly between domestic Chinese and international automotive customers. The organization was founded in 2016 by former automotive executives Carsten Breitfeld and Daniel Kirchert.