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CHINESE ELECTRIC VEHICLES STARTUP BYTON IS AT RISK OF BANKRUPTCY

... crossover brand Byton is on the verge of ruin. Having discovered another delay in payments under a loan contract, Shanghai Huaxun Network System filed for bankruptcy in the court of Nanjing. Future Mobility company, which planned to produce modern cars under the Byton brand, was founded by the former heads of BMW and Nissan dealerships in Hong Kong. Thanks to the support of the Chinese leadership, the startup has received hefty subsidies, giving investors hope. In 2017, the firm changed its name to Zhixing New ...

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