One of the more promising EV startups to come out of China, Byton, has halted operations after failing to secure additional funding. The decision was made by shareholders to facilitate a restructuring, a company spokeswoman told Nikkei on Monday. Under the restructuring, only core employees will be retained. Non-core employees in China have been...
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Thursday, July 2, 2020
EV startup Byton halts operations due to cash troubles
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