Byton - Page 2 - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > General > Alternative fuel vehicles

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
Old 04-12-2020, 12:45 PM   #11
dmitra
CCF Mod
 
Join Date: Nov 2013
Posts: 7,455
Default Byton

Byton M-Byte production model line-off:
http://news.bitauto.com/xinchexiaoxi...611361355.html

Production of the M-Byte model has kicked off at the newly constructed factory of Nanjing Zhixing Electric Vehicle Co., Ltd. ("Nanjing Byton") situated in Qixia District of Nanjing city, Jiangsu (actually very close to Zhenjiang city, see location). Trial production was conducted last October.

dmitra is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-30-2020, 02:13 AM   #12
dmitra
CCF Mod
 
Join Date: Nov 2013
Posts: 7,455
Default Re: Byton

Operations suspended indefinitely:
http://news.bitauto.com/zonghexinwen...312004505.html

_________________________
Somewhat off-topic but related:

The fate of the other FAW-supported EV startup, Bordrin, also appears to be grim. Founder, Dr. Ximing Huang, has practically washed his hands off Nanjing Bordrin, having sneakily transferred (at dirt-cheap rates) technological and intangible assets to a "new company" to be headed by a new set of personnel, with the meager proceeds from this "sale" ostensibly to be used to temporarily pacify long-unpaid, angry employees and suppliers who have been getting increasingly vocal over the months. Basically, Nanjing Bordrin has turned into a "shell" with no worthwhile assets.

Just think of the devastating consequences for the hapless minority partner in the Tianjin Bordrin JV: the erstwhile carmaker FAW Xiali, now reduced to a metals trading company, is in the unenviable position of having no production plant, no manufacturing equipment or tooling, no production license (having given away both licenses -- to Byton and Bordrin), no viable partner, and no cars to sell (in its eagerness to join Bordrin, it had stopped selling the fairly new models A50, CX65 and D80, no doubt developed at considerable cost which has to be written off since it cannot be amortized within such a short time). Moreover, Nanjing Bordrin, which is entitled to hold 80.1% of the JV, has contributed only 14 million yuan of capital to date, out of the 2.034 billion yuan required from its side. FAW Xiali has said it will approach the courts.

http://finance.eastmoney.com/a/202006121519811915.html
http://auto.caijing.com.cn/2020/0611/4673222.shtml

Last edited by dmitra; 06-30-2020 at 02:32 AM. Reason: linked to Bordrin thread
dmitra is offline   Reply With Quote
Old 06-30-2020, 09:52 AM   #13
Lawrence
Senior Member
 
Lawrence's Avatar
 
Join Date: Jul 2016
Posts: 331
Default Re: Byton

"The suspension is set to last six months, closely held Byton told staff in an email seen by Bloomberg News."
This is according to:
https://www.autonews.com/china/byton...reorganization

And this is just the fate of two larger well funded start-ups, that I had come to regard as among the high rollers. So what can we now expect of the smaller operations? It's going to be a rough ride ahead on all fronts.
On a brighter NEV note, FAW still does have Sitech.

Last edited by Lawrence; 06-30-2020 at 09:55 AM.
Lawrence is offline   Reply With Quote
 
Old 06-30-2020, 10:30 AM   #14
dmitra
CCF Mod
 
Join Date: Nov 2013
Posts: 7,455
Default Re: Byton

Oops, sorry! Yes, suspended for six months. Thanks for correcting.
dmitra is offline   Reply With Quote
Old 06-30-2020, 11:49 AM   #15
erik (laofan), cmvdc
Senior Member
 
erik (laofan), cmvdc's Avatar
 
Join Date: Apr 2006
Location: Ortaffa, 66, France
Posts: 1,012
Default Re: Byton

How can it be that in a 'communist' society there are 'bosses' taking these kind of decisions, neglacting all the rights and interests of the workers? These crooks need to be punished in stead of giving them a party membership!
__________________
Erik
www.chinesecars.net
erik (laofan), cmvdc is offline   Reply With Quote
Old 07-06-2020, 02:46 AM   #16
Leo
Member
 
Join Date: Nov 2019
Posts: 49
Default Re: Byton

I don't know if it's interesting, but attached is Byton's email to its personnel. (As posted by Dkurac on twitter).

It's a shame all those big name investors (Foxconn, Tencent, FAW, CATL, iirc) apparantly let Byton stumble over a liquidity problem just as they go to market. It is (was?) probably one of the more promising startups, with interesting ideas about connectivity etc. And probably an acceptable brand in the Western markets due to its BMW engineering roots. I hope they'll find a way out of this.
Attached Thumbnails
Click image for larger version

Name:	EbvCb4uVAAExxcR.jpg
Views:	35
Size:	199.9 KB
ID:	51407  
Leo is offline   Reply With Quote
Old 07-06-2020, 09:45 AM   #17
Lawrence
Senior Member
 
Lawrence's Avatar
 
Join Date: Jul 2016
Posts: 331
Default Re: Byton

Thanks Leo for the closer look at the suspension circumstances.
As for Foxconn and Tencent, they had dropped out as investors in early 2017 and were replaced by Leaguer Auto and Jinheng Investments. These were then followed by Suning, Fullshare Holdings, FAW, TUS Holdings, Contemporary Amperex Technology, Jiangsu Belt & Road Fund, CATL, Nanjing Qiningfeng New Energy Industry Investment Fund, Marubeni, and Nanning Municipal Gov’t.
And in addition to those BMW engineering roots you mentioned were Infinity, Honda, Renault, Ford, Tesla and Apple.
As for BMW veteran, Carsten Breitfield, I wonder if he saw any writing on the wall last year.
Here again with Byton like Bordrin, as Erik says, we have a lot of Byton, Huali and Myoungshin workers who will be left jobless. Where's the accountability in all of it, Mr. Feng ?
Lawrence is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

                    
All times are GMT -5. The time now is 06:50 PM.



Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.