Altss Research / Venture case 17
Byton
Byton's manufacturing subsidiary entered bankruptcy liquidation in June 2023. A shareholder's earlier regulatory report establishes a completed private financing at $2.2bn post-money in 2018.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$2.2bn post-moneyChina Harmony New Energy Auto Holding's 2018 interim report, page 6, confirms a completed $500m Series B in the second quarter at a $2.2bn post-investment valuation. Year precision preserves the report's quarter-only timing; this is not the proposed 2019 round.
Bankruptcy / insolvency
No sale priceManufacturing subsidiary entered bankruptcy liquidation. The administrator's court-platform notice confirms that the Nanjing Qixia District People's Court accepted the bankruptcy liquidation of Nanjing Zhixing Electric Vehicle Co., Ltd. on June 14, 2023 and appointed an administrator.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Completed Series B at $2.2bn
A shareholder's regulatory report states that the round closed in the second quarter of 2018 and identifies the post-investment valuation.
Subsidiary liquidation accepted
The court-appointed administrator records acceptance of the named manufacturing subsidiary's bankruptcy liquidation.
Administrator announced creditor meeting
The administrator issued notice of a second creditor meeting for August 28, evidencing the continuing court process.
Source documents
Publication and access dates identify the evidence used for this case.
China Harmony New Energy Auto Holding via HKEX · Primary source · Published Sep 20, 2018 · Accessed Oct 26, 2026
Court-appointed administrator via China's National Enterprise Bankruptcy Information Network · Primary source · Published Aug 11, 2023 · Accessed Oct 26, 2026
Caixin · Financial reporting · Published Jun 27, 2023 · Accessed Oct 26, 2026
Logo: Byton logo source. Company trademark rights remain.
