Chinese electric vehicle maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a SPAC, Reuters reports, citing people familiar with the matter.
Byton, whose key shareholders also include China’s state-owned automaker FAW Group and EV battery maker CATL, is in talks with potential SPAC companies and investors about the listing and plans to go public as early as this year. The SPACs were not identified. Read more.
