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Byton closes $500 million Series-B financing round led by FAW Group, opens Nanjing global HQ

Dr. Daniel Kirchert NANJING – Byton concluded its Series-B financing round on June 11, attracting a total of $500 million from multiple investors led by FAW Group, as well as Tus-Holdings, Chinese battery manufacturer CATL, among others. The Chinese smart EV startup also officially opened its global headquarters in Nanjing, Jiangsu Province

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IAC opens new Asia HQ and tech center in Shanghai

SHANGHAI – U.S. vehicle interiors supplier International Automotive Components (IAC) opened its Asia headquarters in Shanghai on June 6, according to a company news release. The new 30,000-square-foot headquarters houses the new technical center and will provide approximately 115 experienced professionals in engineering, administrative and sales roles and eventually employ

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