Electric vehicle developer Byton and the Bosch Group have 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.
“Bosch has rich experiences in working with world-class car manufacturers over the years,” said Dr Carsten Breitfeld, CEO and co-founder of Byton.
“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 automotive industry is undergoing fundamental changes like electrification and going smart,” added Dr Daniel Kirchert, president and co-founder of Byton.
“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’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.