Byton Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The world’s largest electric vehicle market is putting its crowded infancy stage behind it.

Expectations were high for WM Motor Holdings Ltd., a Shanghai-based electric-vehicle maker backed by tech giant Baidu Inc. and started by a former Volvo AB executive. Now, it risks becoming yet another casualty of the slow-motion shakeout in China’s crowded EV market.

The North American arm of electric vehicle startup Byton is fighting efforts by a Swiss engineering company to pin a $30 million arbitral award against the startup's Hong Kong-based parent, part of the latter company's strategy to snap up assets it claims are being transferred beyond its reach.

How a luxury car dealership spun off two NEV startups. This is the history of Aiways and Byton and their bumpy road to success.

Hon Hai Precision Industry Co (鴻海精密) and Thailand’s state-owned conglomerate PTT PCL yesterday announced a joint venture to produce electric vehicles (EV) in Thailand. A memorandum of understanding (MOU) was signed virtually by Hon Hai chairman Young Liu (劉揚偉) and PTT president and chief executive officer Auttapol Rerkpiboon, the companies said in a statement. The joint venture is a part of the Thai government’s goal to have electric vehicles account for 30 percent of all domestic auto production by 2030. The government is prioritizing the EV industry and wants to maintain th...