BYTON awarded Dealer and Distributor Licenses in the US

BYTON, the premium electric vehicle manufacturer, announced that it has received from the state of California both a dealer license for its US retail entity, BYTON Cars California, LLC, and the distributor license for its North American distribution entity, BYTON Americas, LLC.

Together these newly-licensed entities build the foundation of the company`s innovative hybrid retail model in the US.

The California distributor license - along with the establishment of BYTON Americas, LLC - will facilitate the sale and service of vehicles using BYTON's own infrastructure as well as through highly-competent, established automotive retail and aftersales service partners. This innovative approach will allow BYTON to deliver best-in-class customer experiences with the unique advantage of efficiently scaling its business leveraging capable partners across North America.

The California dealer license, secured under BYTON Cars California, LLC will make it possible to sell and lease directly to BYTON customers in the state. In addition, this license will also make it possible to directly retail vehicles online to customers in other states.

“From the beginning we believed that a hybrid retail model was essential in order to provide BYTON customers with the best possible ownership experience,” said, Jose Guerrero, Managing Director, BYTON Americas, LLC. “We're building a retail model that has never been attempted in the US. It is important that we put the right pieces in place now in order to make the BYTON experience easy and enjoyable when we launch in the US in 2021.”

In the last several months, BYTON has unveiled the production version of its first model, the M-Byte SUV with its groundbreaking Shared Experience Display user interface, the industry's first 48-inch screen. The company has also completed its state-of-the-industry production facility. The pieces are now in place to facilitate the launch of the BYTON M-Byte in China next year as well as its launch in the US and EU in 2021.