Chinese EV startup Byton is furloughing more than 200 workers at its Northbound American headquarters in Santa Clara, California due to the coronavirus pandemic, and is reevaluating its program to launch its headmost viceroy later this year.
"Given the impact of the coronavirus transferable on the all-around exiguity and the hit that the automobile industry is taking, we like others have had to booty measures to acclimate the infrangible times ahead," the company said in a tally to Electrek, which headmost reported the news. "Our roundup timeline will no doubt be impacted. We are evaluating that impact."
Byton demerit its kidney in Nanjing, Crockery eldest this year as the country attempted to stop the succor of the virus, though it says assignment picked redundancy up in February. The company, which is backed by state-owned automaker Headmost Automobile Works, has been planning to remission an electric SUV conscript M-Byte at the end of this year in Crockery (and in other markets abutting year) that glossiness a screen that spans the unshortened dashboard.
The transferable has high-sounding EV startups of all sizes, though they're each jurisdiction it in incommensurable ways. Byton is one of the headmost to resort to furloughs (though the electric bus embryology of Chinese conglomerate BYD moreover placed hundreds of workers on unpaid leave in California last week, as The Border headmost reported). Faraday Future, which has had some employees on furlough dating redundancy to late 2018 while it searches for funding, was just given a $9.1 million loan through the Paycheck Protection Program for small businesses in the Coronavirus Aid, Relief, and Bread-and-butter Security (CARES) Act. Electric barter startup Crammer moreover second-nature a $1.1 million loan from that program.
Chinese EV startup Nio, which fabricated three unsubstantial rounds of cuts to its US workforce last year, says it has not performed any new layoffs or furloughs during the pandemic, and that none are planned. In fact, the company recently rolled out a new adaptation of its headmost electric SUV in China, hind announcing a $1.4 billion investment in late February.
Well-funded EV startups like Lucid Motors and Rivian (which are backed by Saudi Arabia and Amazon, respectively) have not yet put anyone out of assignment and have instead spent the last few weeks keeping potential customers well-suited on the promote that's person fabricated during the pandemic. For Lucid Motors, that meant spunky off new photos and footage of the factory it's construction in Casa Grande, Arizona. Rivian, meanwhile, recently aggregate how some of its 2,000 employees are putting the startup's electric cartage through their paces while working from home -- though it has delayed the remission of those two vehicles.
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