News Snapshot:
Wind Chinese Electric Vehicle Startup Byton Said to Register New Firm as It Struggles to Resume Production Chinese Electric Vehicle Startup Byton Said to Register New Firm as It Struggles to Resume ProductionChinese electric vehicle startup Byton has applied to register a new tech company as part of ongoing efforts to resume its China operations halted in July because it couldn’t pay the bills. The new firm, named Shengteng, expects to get a business license by the end of August and plans to raise 2 billion yuan ($289 million) to accelerate the mass production of the M-Byte, Byton’s first car…...
