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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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Byton sticking with Q4 2019 SOP, FAW cooperation a “backup plan”

BEIJING – As Byton prepares for the global debut of its second model – a luxury sedan concept capable of L4 autonomous driving – coming up on June 12 at the Byton Night prior to the start of this year’s CES Asia in Shanghai, the primary focus remains to be

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Bosch breaks ground for Asia Pacific’s first iBooster plant in Nanjing

NANJING – Bosch broke ground here on August 1 for its first plant in the Asia Pacific region to produce iBoosters for electromobility and driver assistance systems. With an investment of €100 million, the new plant with a surface area of approximately 20,000 square meters will begin production in 2019

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Ford to roll out new shuttle service pilot in Nanjing in Q 3 aimed at reducing commuter travel times

NANJING, Jiangsu – Ford Motor Co. on May 11 signed a letter of intent with the Nanjing Jiangning Economic and Technological Development Zone (JETDZ) Administrative Committee and the Nanjing Jiangning Public Transportation Group Ltd. (JPTG) for a pilot project aimed at reducing travel times for daily commuters. The project, which

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China announces second group of cities for NEV promotio

BEIJING – China announced the second group of new energy vehicle pilot cities, including 12 cities or regions, according to people.com.cn. As required in the announcement, the 12 cities or regions should create favorable environment for NEV promotion and accelerate infrastructures construction in accordance with state standards. Local governments should

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