Virus outbreak upends ranks of EV startups in China

Byton office building.png — Byton, a company set up by former BMW executives, has said it is suspending normal operations, citing the "great challenges" the coronavirus epidemic has leveled against its financing and manufacturing operations.

July 02, 2020 04:02 PM

Inspired by Tesla’s success in the capital markets and enticed by Beijing’s generous subsidies, electric vehicle startups have proliferated in China over the past few years.

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