Byton

Former executives from BMW and Nissan co-formed Byton, a Chinese-German all-electric car manufacturer, which was founded in 2017 and incorporated in Hong Kong. In January 2018, Byton revealed their first concept automobile to the public. It had intended to unveil its M-Byte SUV model initially, with the start of manufacturing and sales set for late 2019. However, the introduction was frequently postponed due to development issues and financial difficulties.

The business made the decision to halt operations in June 2020 for a six-month scheduled period of organizational reorganization.

After declaring bankruptcy in 2021, Byton's collaboration with its manufacturing partner Foxconn came to an end.

Tencent established Future Mobility in 2016 as a joint venture with Foxconn, Harmony New Energy Auto, and other luxury automobile dealers with the goal of selling all-electric, completely autonomous premium vehicles by the year 2020.

Carsten Breitfeld, the CEO, and Daniel Kirchert, the president, together created the business. It belonged to China Harmony New Energy Auto Holding Limited as a subsidiary.

The business declared in January 2017 that its first manufacturing plant, which would cost US$1.7 billion and have a beginning production capacity of 150,000 automobiles, would be situated in Nanjing, China.

Future Mobility changed their name to Byton about 2017. First Auto Works, a subsidiary of the Chinese government, made a "major financial investment" in Byton in 2018.