BYTON Would possibly Be The Subsequent Chinese language EV IPO

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One other IPO is coming?

Carsten Breitfeld, CEO and co-founder of BYTON, informed Germany’s Automobilwoche that the corporate might launch IPO after yet one more spherical of fundraising from non-public buyers.

“With the capital-intensive nature of enterprise and our enlargement, the subject of itemizing on the inventory market will turn out to be related,”

The IPO – we assume round 2020 – can be one other high-profile Chinese language enterprise after CATL battery producer and automaker NIO.

BYTON first in all probability might want to attain the manufacturing stage, identical to NIO with the ES8, which ought to occur in 2019.

Supply: Reuters


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