BYTON and Foxconn Technology Group Announce Strategic Partnership for M-Byte Production to Foster Development of EV Industry
Nanjing, Jan 4, 2021 - BYTON, Foxconn Technology Group and Nanjing Development Zone officially signed a strategic cooperation framework agreement today to jointly accelerate production of BYTON’s 1st model M-Byte by the first quarter of 2022.
According to the agreement, Foxconn will provide its expertise in advanced manufacturing technology, solid operational management experience and will share industrial resources to support the production of BYTON’s M-Byte. The series version of the premium electric SUV BYTON M-Byte celebrated its premiere at the IAA Frankfurt in 2019, featuring seamless connectivity and unique user experience. The partnership will advance the growth of each company’s EV business and foster a greater development of the EV industry.
“We are pleased to work with BYTON to advance the production of the M-Byte. This will allow us to contribute toward the further growth of the EV industry, a demonstration of our commitment in the transformation of the traditional automotive industry. The partnership with BYTON is in alignment with our company vision of "3+3=infinity" which symbolizes the infinite possibilities created by Foxconn’s industrial advancement and emerging technologies.” said Mr. Young Liu, Chairman of Foxconn Technology Group.
"We are excited to be back. The partnership with Foxconn will bring us the expertise of precision manufacturing and profound resources, enabling us to deliver the promise of next-generation smart mobility experience." said Ms. Ding Qingfen, Co-CEO of BYTON.
The construction of BYTON’s industrial 4.0 manufacturing base in Nanjing has been completed with all advanced facilities for stamping, welding, painting, general assembly and battery packing being installed and commissioned. The first batch of pre-production vehicles rolled off the production line and completed safety tests in the first half of 2020. BYTON was granted with a new energy vehicle production license in June 2020.
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BYTON develops and builds intelligent premium electric cars for the automotive future, in which mobility is increasingly becoming a digitally networked experience. BYTON aims to create a premium brand rooted in China with global reach. The company is headquartered in Nanjing, China, which is also home to its intelligent manufacturing base and R&D center.
About Foxconn Technology Group
Established in Taiwan in 1974, Hon Hai Technology Group (Foxconn) (2317: Taiwan) is the world’s largest electronics manufacturer. Foxconn is also the leading technological solution provider and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies.
Nanjing Economic and Technological Development Zone (NDZ) was established in 1992 and was listed as a national-level development zone in 2002. NDZ is located in the Northeast of Nanjing, Jiangsu Province. It is leading in photoelectric display, high-end equipment and biomedicine, and 90% enterprises here are in the manufacturing sector. In recent years NDZ has focused on cultivating emerging industrial clusters in new energy vehicles and artificial intelligence.