Future Mobility Corporation (FMC) / Byton

Future Mobility Corporation (FMC) is a Chinese automobile corporation founded with the support of Tencent, a major Chinese electronic products manufacturer, and Hon Hai Precision Industries. The company intends to produce electric vehicles and launch an autonomous vehicle control system on the market.

According to Chinese business magazine Caixin, FMC was created by former executives BMW and Tesla Motors executives. The company initially planned to produce electric vehicles under the Zhixing brand.

In September 2017, Future Mobility Corp named its brand “Byton” and announced plans to launch it in the United States and Europe soon after starting sales at home in 2019.

In September 2019, South Korea’s Myongshin, a parts supplier to Hyundai Motor and Teslaagreed to build more than 50,000 Byton’s M-Byte electric SUV a year for FMC from 2021 at a closed plant in the southwestern city of Gunsan it bought from General Motors.

Shareholders

Tencent Holdings
Hon Hai Precision Industries

          Other renewable energy companies

          Useful links

          Byton official website