Having already inked an agreement with FAW in May, Byton is also signing up government-led industry investment funds and other institutional investors.

China-based electric car developer Byton is in the process of adding investors to a series C round already backed by carmaker FAW Group with a $500m target for its close, 36Kr reported today. The potential participants were not disclosed but they include government-led industry investment funds and other institutionalĀ investors according to co-founder and CEO Daniel…

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