Automotive manufacturer FAW Group has agreed to provide a “significant amount of money” in return for a minority stake US-based smart electric vehicle developer Byton, Reuters reported today. Byton’s past investors include internet group Tencent, contract manufacturer Foxconn and car dealership owner China Harmony New Energy Auto Holding, and it was seeking up to $400m in funding according to reports in February this year.
EarthNow, a US-based satellite imaging technology spinout from company builder Intellectual Ventures, has raised an…
