Chinese battery maker CATL turns latest investor in EV startup Byton

Chinese battery maker CATL turns latest investor in EV 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 dominant battery producer Contemporary Amperex Technology Co Ltd (CATL) has agreed to invest in Chinese-funded electric vehicle startup Byton, Byton said in a statement on Monday.

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