Byton

How it happened

Byton raised more than $1.2B from backers including FAW, Tencent and Foxconn to build a screen-laden electric SUV, but never delivered a single production vehicle; a Nanjing court accepted its bankruptcy case in 2023. Glassdoor reviews from its Santa Clara, Nanjing and Shanghai alumni tell a consistent story — an admired product and veteran automotive team starved by a Series C that never closed and funding that was perpetually promised yet never arrived, with paychecks turning shaky as the money ran down. Several reviewers went further, alleging that the state-backed lead investor's real interest all along was pulling Byton's technology and footprint back to China.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.