SHANGHAI — China-based electric car startup Byton, which has planned sales in the U.S., said Tuesday it will suspend production starting July 1 to conduct a reorganization of the automaker after being hit by the coronavirus pandemic.
The company, which is backed by state-owned automaker FAW Group and battery supplier Contemporary Amperex Technology, said it was also actively raising funds to address issues relating to unpaid staff salaries and that it hoped to start paying employees from July.
