Tech Discovery: Automotive start-up Byton
General Motors, the largest automaker in the US, has announced that it plans to close five of its manufacturing plants — slashing around 14,000 jobs in North America.
The reason the car giant plans to stop selling some of its low selling car models, instead focusing and restructuring its resources on electric and autonomous vehicles.
GM’s move signals an affirmation in the new era in car production with the likes of Tesla, and new startups in the electric car space competing for market share.
Meet Byton — a 3-year-old startup in the automotive space positioning itself to be a possible competitor to the likes of Tesla.