Yesterday, Byton Motors signed a strategic cooperation framework agreement with Foxconn Technology Group and Nanjing Economic Development Zone.
The three will promote the mass production and manufacturing of Byton’s first model M-Byte. This goal is to strive for first place in 2022. Achieved before the quarter.
currently, the specific amount of funds injected by Foxconn is still unclear. Previously, it was rumored to be 200 million US dollars (about 1.29 billion yuan), but this news has not been officially confirmed.
According to the agreement, Foxconn will provide cash manufacturing technology, operation management experience, and industry chain resources to fully support the mass production and manufacturing of Byton’s first model M-Byte.
In this regard, Foxconn Chairman Liu Yangwei said: ‘Byton cooperation is an important part of our deployment in the field of electric vehicles, and will do our best to help Besturn M-Byte mass production as soon as possible.’
It is reported that, as a member of the new Chinese car-making forces, Byton Motors has obtained the new energy vehicle production qualification in June 2020, and the first batch of trial production vehicles have been successfully rolled off the production line in the first half of 2020.
However, due to business problems, the delivery road was not smooth, and even problems such as ‘burning out 8.4 billion yuan to build a mass-produced car’, ‘CEO Dai Lei’s resignation’, ‘complete shutdown’, ’employee rights protection’ and so on were exposed.
It is reported that the current CEO of Byton Motors is Ming Qingfen, the co-founder of Byton Motors. He said: ‘We are very happy to be back on the track.
The cooperation with Foxconn will bring advanced capabilities and rich resources in the field of lean manufacturing, enabling us to Present a new generation of smart travel experience to users as soon as possible.’
(Via)
