Company:Future Mobility Corporation

From HandWiki

Future Mobility Corporation is a Chinese automobile manufacturer established in 2016 and incorporated in Hong Kong,[1] co-founded by former BMW and Nissan Motor executives. It announced its first proposed car under the new Byton marque in September 2017 and unveiled its first concept car to the public in January 2018.[2]

Company

In 2016, Tencent, together with Foxconn and luxury-car dealer Harmony New Energy Auto founded Future Mobility, a car startup that aims to sell all-electric fully autonomous premium cars in 2020.[3]

The company was co-founded by Carsten Breitfeld, CEO, and Daniel Kirchert, president, and successfully recruited staff from a range of international companies, including senior staff from the BMW i programme and Tesla.[4]

It is a subsidiary of China Harmony New Energy Auto Holding Limited.[5]

In January 2017, the company announced its first manufacturing facility would be located in Nanjing, China at a cost of US$1.7 billion and an initial production capacity of 150,000 cars.[6]

In 2018, Chinese state owned First Auto Works invested a “significant amount of money” into the EV startup Byton.[7]

Products

Byton M-Byte (formerly Concept)
Byton K-Byte Concept

The company announced its ambition to launch three electric car models by 2022.[8]

Byton M-Byte

The first announced is the mid-sized Byton crossover, but only in concept form, with sales expected to commence in the fourth quarter of 2019 in China, Europe and the US. It was unveiled at the Consumer Electronics Show in Las Vegas on 7 January 2018.[9]

Byton K-Byte

In June 2018, Byton unveiled the Byton K-Byte Concept sedan at CES Asia previewing a luxury electric sedan.

References

  1. "China e-car newcomer Future Mobility raises $200 million from Suning, others". 16 August 2017. https://www.reuters.com/article/us-china-autos-future-mobility/china-e-car-newcomer-future-mobility-raises-200-million-from-suning-others-idUSKCN1AW04P. Retrieved 13 January 2018. 
  2. "CES 2018: Byton unveils futuristic ‘truly smart’ car". 7 January 2018. https://www.bbc.co.uk/news/technology-42599345. Retrieved 13 January 2018. 
  3. "Tencent-Backed Company Aims to Launch Smart-Electric Cars Before 2020". 12 July 2016. https://www.wsj.com/articles/tencent-backed-company-aims-to-launch-smart-electric-cars-before-2020-1468302895. 
  4. "Tesla execs join BMW’s former electric vehicle leadership at new Chinese startup". 24 May 2016. https://electrek.co/2016/05/24/tesla-exec-bmw-electric-vehicle-future-mobility/. Retrieved 13 January 2018. 
  5. "China Harmony New Energy Auto Holding Limited Announces 2016 Interim Results". 31 August 2016. http://www.hexieauto.com/NewsDetails/corporate/2016/5635. Retrieved 13 January 2018. 
  6. "China EV Startup Future Mobility to Build $1.7 Billion Factory". 19 January 2017. https://www.bloomberg.com/news/articles/2017-01-19/china-ev-startup-future-mobility-to-build-1-7-billion-factory. Retrieved 13 January 2018. 
  7. https://www.electrive.com/2018/04/20/chinas-state-car-manufacturer-faw-invests-in-byton/
  8. "China e-car venture Future Mobility names brand Byton, eyes U.S., Europe". 7 September 2017. https://uk.reuters.com/article/us-future-mobility-autos/china-e-car-venture-future-mobility-names-brand-byton-eyes-u-s-europe-idUKKCN1BI1G6. Retrieved 13 January 2018. 
  9. "Byton Concept electric SUV ride review". 12 January 2018. http://www.autoexpress.co.uk/byton/suv/102301/byton-concept-electric-suv-ride-review. Retrieved 13 January 2018. 

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