Byton was a Chinese-German all-electric vehicle automotive brand established in 2017 and incorporated in Hong Kong,[1] co-founded by former BMW and Nissan executives.
[2] It planned to introduce its M-Byte SUV model first, with the start of production and sales scheduled for late 2019,[3] however developmental delays and financial troubles repeatedly pushed back the launch.
[8] In January 2017, the company announced its first manufacturing facility would be located in Nanjing, China at a cost of US$1.7 billion and an initial production capacity of 150,000 cars.
In 2018, Chinese state owned First Auto Works invested a “significant amount of money” into Byton.
[16] In October 2020, it was announced that CEO and co-founder Daniel Kirchert had left the company due to its continued financial troubles.
[23][24] It was first announced is the mid-sized Byton crossover, but only in concept form, with sales expected to commence in the fourth quarter of 2019 in China, Europe and the US.