<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Byton &#8211; EFR Technology Group</title>
	<atom:link href="https://www.efrtechgroup.com/category/byton/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.efrtechgroup.com</link>
	<description>We maintain technology so you don't have to!</description>
	<lastBuildDate>Wed, 01 Jul 2020 02:45:10 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://www.efrtechgroup.com/wp-content/uploads/2019/02/cropped-EFRTG-color-2-32x32.jpg</url>
	<title>Byton &#8211; EFR Technology Group</title>
	<link>https://www.efrtechgroup.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>EV maker Byton halts operations for six months amid financial woes</title>
		<link>https://www.efrtechgroup.com/tech/ev-maker-byton-halts-operations-for-six-months-amid-financial-woes/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Wed, 01 Jul 2020 02:45:10 +0000</pubDate>
				<category><![CDATA[Byton]]></category>
		<category><![CDATA[Cars]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[covid-19]]></category>
		<category><![CDATA[electric car]]></category>
		<category><![CDATA[electric vehicle]]></category>
		<category><![CDATA[ev]]></category>
		<category><![CDATA[furlough]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[Transportation]]></category>
		<guid isPermaLink="false">https://www.efrtechgroup.com/ev-maker-byton-halts-operations-for-six-months-amid-financial-woes/</guid>

					<description><![CDATA[[ad_1] Another luxury electric car maker is taking drastic action in light of financial trouble. Chinese firm Byton has told The Detroit Bureau and The Verge that it’s stopping operations for “at least” six months due to financial struggles exacerbated by the COVID-19 pandemic. Most China-based workers will be furloughed, with just a “small group” [&#8230;]]]></description>
										<content:encoded><![CDATA[<p> [ad_1]<br />
</p>
<div>
<p>Another luxury electric car maker is taking drastic action in light of <a href="https://www.engadget.com/2019-08-27-faraday-future-ceo-to-resign-in-restructuring-plan.html">financial trouble</a>. Chinese firm Byton has<em> </em>told <a href="https://www.thedetroitbureau.com/2020/06/byton-suspends-operations-for-6-months-but-revival-seems-unlikely/" target="_blank" rel="noopener noreferrer"><em>The Detroit Bureau</em></a> and <a href="https://www.theverge.com/2020/6/30/21308389/byton-chinese-ev-startup-operations-suspended-furloughs" target="_blank" rel="noopener noreferrer"><em>The Verge</em></a> that it’s stopping operations for “at least” six months due to financial struggles exacerbated by the COVID-19 pandemic. Most China-based workers will be furloughed, with just a “small group” staying active in case they’re needed, according to spokesperson Dave Buchko.</p>
<p>The decision comes despite Byton having the support of state-controlled car giant First Auto Works, although Buchko noted that Byton had made it further than many of its rivals with a completed factory and a handful of EVs produced to clear regulatory tests. With <a href="https://www.engadget.com/electric-vehicles-european-union-market-share-increase-143154004.html">car markets reeling</a>, though, the company didn’t know when it would start shipping cars, let alone find enough paying customers.</p>
</p></div>
<p>[ad_2]<br />
<br /><a href="https://www.engadget.com/byton-halts-operations-for-six-months-024510950.html">Source link </a></p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
