China’s state-owned FAW Group to invest in electric vehicle startup Byton

The Byton electric concept vehicle interior is displayed during the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Wednesday, Jan. 10, 2018. Photographer: David Paul Morris/Bloomberg

China’s state-owned automaker FAW Group agreed to invest a “significant amount of money” in Chinese-funded electric vehicle startup Byton, the startup’s co-founder and chief executive, Carsten Breitfeld, said on Friday. 

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