BYTON and Foxconn Report Partnership to Accelerate Production of M-Byte in Electric Vehicle Industry | Financial Buzz

BYTON and Foxconn Report Partnership to Accelerate Production of M-Byte in Electric Vehicle Industry

BYTON, Nanjing Development Zone and Foxconn Technology Grouped have signed an agreement to focus on production of BYTON’s 1st model M-Byte by q1 2022.  Foxconn will provide expertise in advanced manufacturing technology, solid operational management experience and share industrial resources to support the production of the M-Byte.  The electric SUV M-Byte premiered at the IAA Frankfurt in 2019.  It features seamless connectivity and unique user experience. 

“We are pleased to work with BYTON to advance the production of the M-Byte.  This will allow us to contribute toward the future growth of the EV industry, a demonstration of our commitment in the transformation of the traditional automotive industry.  The partnership with BYTON is in alignment with our company’s vision of “3+3= ∞” which symbolizes the infinite possibilities created by Foxconn’s industrial advancement and emerging technologies.” Said Mr. Young Liu, Chairman of Foxconn Technology Group. 

“WE are excited to be back.  The partnership with Foxconn will bring us the expertise of precision manufacturing and profound resources, enabling us to deliver the promise of next-generation smart mobility experience.”  said Ms. Ding Qingfen, Co-CEO of BYTON.

The first bath of pre-production vehicles rolled of the production line and have completed safety tests in the first half of 2020.  BYTON was granted a new energy vehicle production license in June 2020.