INTERDISCIPLINARY COOPERATION Byton and Foxconn announce strategic partnership
Byton, Foxconn Technology Group, and Nanjing Development Zone officially signed a strategic cooperation framework agreement today to accelerate the 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, substantial 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 a unique user experience. The partnership will advance each company's EV business and foster more excellent 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 to transforming 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 a new energy vehicle production license in June 2020.