BYTON and Bosch Sign Strategic Cooperation Agreement

BYTON, the premium smart electric vehicle brand, and the Bosch Group, a leading global provider of technology and services, signed a strategic cooperation agreement in Germany, focused on powertrain technology, braking systems, and driver assistance systems. Wu Zhenglong, Governor of Jiangsu Province, Feng Haiyang, Consul General of the Chinese Consulate-General in Dusseldorf, Lutz Lienenkaemper, Treasury Secretary of North Rhine-Westphalia and other guests attended the signing ceremony.

Dr. Carsten Breitfeld, CEO and Co-Founder of BYTON, said: “Bosch has rich experiences in working with world-class car manufacturers over the years. We believe Bosch’s expertise in the automotive field will make it one of BYTON’s most important partners. As an innovator in the smart electric vehicle industry, BYTON is committed to providing consumers with the safest and most reliable electric mobility solutions. The partnership will allow the two sides to share resources, complement advantages, and drive business innovation to jointly offer the customers products with better quality and price.”

The signing ceremony was held during the Jiangsu-NRW-Germany Forum on Opening-up, Innovation, and Cooperation in Dusseldorf, Germany. BYTON was the only new energy vehicle innovation company invited to represent Jiangsu. Dr. Carsten Breitfeld, CEO and Co-Founder of BYTON, delivered a speech at the forum, and shared the company information and latest achievements with guests.

Dr. Daniel Kirchert, President and co-founder of BYTON, said: “The automotive industry is undergoing fundamental changes like electrification and going smart. Both China and Germany are at the forefront of this evolution. As a brand rooted in China with a global reach, BYTON is leveraging international talent and technology resources to succeed in China’s innovative environment. Jiangsu boasts a strong industrial base and a favorable business environment, making it the ideal place for BYTON’s growth. In the future, BYTON will also help Jiangsu build a smart new energy industry cluster.”

According to the agreement, BYTON and Bosch will regularly carry out technical exchanges so as to jointly build up an industry leading processing and quality standard.

Meanwhile both parties also intend to establish platforms to carry out in-depth cooperation in multiple fields, including brand promotion, product marketing, technology promotion, quality training, customer service, and personnel training.

BYTON is actively pushing forward with its product R&D and preparing for mass production. Its trial production workshop was officially put into use on April 1 this year. The stamping, painting, welding, assembly, and battery workshops will be roofed by the end of this year, laying a solid foundation to begin official production. In August 2018, BYTON rolled off its first drivable engineering prototype for various tests. BYTON’s first volume production model, based on its premium smart SUV concept, the BYTON M-Byte Concept, will be officially launched in the fourth quarter of 2019. It will be manufactured at the factory in Nanjing, Jiangsu and sold worldwide.