# Byton: Manufacturing subsidiary entered bankruptcy liquidation

Future Mobility Corporation Limited Cayman; event concerns Nanjing Zhixing Electric Vehicle Co., Ltd. · China · Electric vehicles

Evidence reviewed Oct 26, 2026. Historical event record.

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.

## Historical private valuation

$2.2bn post-money · 2018

China 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.

[China Harmony New Energy Auto Holding via HKEX](https://www.hkexnews.hk/listedco/listconews/SEHK/2018/0920/LTN20180920640.pdf)

## Documented event

Manufacturing subsidiary entered bankruptcy liquidation · Jun 14, 2023

No transaction price shown. 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.

[Court-appointed administrator via China's National Enterprise Bankruptcy Information Network](https://pccz.court.gov.cn/pcajxxw/pcgg/ggxq?id=1F474CF11BB7CFA2D8A823A8AFE3FF6D), [Caixin](https://companies.caixin.com/2023-06-27/102069687.html)

## What changed

Byton was the brand of Future Mobility Corporation. The court event concerns Nanjing Zhixing Electric Vehicle Co., Ltd. (南京知行电动汽车有限公司), a Chinese subsidiary identified in contemporary reporting. The record does not equate one subsidiary's proceeding with simultaneous liquidation of every group entity.

## Timeline

### 2018 — 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.

[China Harmony New Energy Auto Holding via HKEX](https://www.hkexnews.hk/listedco/listconews/SEHK/2018/0920/LTN20180920640.pdf)

### Jun 14, 2023 — Subsidiary liquidation accepted

The court-appointed administrator records acceptance of the named manufacturing subsidiary's bankruptcy liquidation.

[Court-appointed administrator via China's National Enterprise Bankruptcy Information Network](https://pccz.court.gov.cn/pcajxxw/pcgg/ggxq?id=1F474CF11BB7CFA2D8A823A8AFE3FF6D)

### Aug 11, 2023 — Administrator announced creditor meeting

The administrator issued notice of a second creditor meeting for August 28, evidencing the continuing court process.

[Court-appointed administrator via China's National Enterprise Bankruptcy Information Network](https://pccz.court.gov.cn/pcajxxw/pcgg/ggxq?id=1F474CF11BB7CFA2D8A823A8AFE3FF6D)

## Sources

- [2018 Interim Report, Progress of New Energy Auto Projects](https://www.hkexnews.hk/listedco/listconews/SEHK/2018/0920/LTN20180920640.pdf) — China Harmony New Energy Auto Holding via HKEX; published Sep 20, 2018; accessed Oct 26, 2026; primary source.

- [Notice of second creditor meeting in Nanjing Zhixing Electric Vehicle bankruptcy liquidation](https://pccz.court.gov.cn/pcajxxw/pcgg/ggxq?id=1F474CF11BB7CFA2D8A823A8AFE3FF6D) — Court-appointed administrator via China's National Enterprise Bankruptcy Information Network; published Aug 11, 2023; accessed Oct 26, 2026; primary source.

- [拜腾汽车再次濒临破产清算 明星企业为何没落？ (Byton faces bankruptcy liquidation again)](https://companies.caixin.com/2023-06-27/102069687.html) — Caixin; published Jun 27, 2023; accessed Oct 26, 2026; financial reporting.

Logo: [Byton logo source](https://commons.wikimedia.org/wiki/File:Byton_logo.svg). Company trademark rights remain.

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