Deals
China Electric-Car Startup Hires Ex-Goldman Banker
- Byton brings on Charles Cheng to help fundraising efforts
- Nanjing-based automaker has been seeking $400 million
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Byton, the Chinese electric-car startup founded by BMW AG veterans, hired former investment banker Charles Cheng to focus on its capital markets and fundraising activities, people with knowledge of the matter said.
Cheng, who was previously a managing director at Goldman Sachs Group Inc.’s Chinese joint venture, was hired as co-president, according to one of the people. He joined Byton in Hong Kong at the end of last year, the person said, asking not to be identified because details are private.