It seems that yet another connected car concept is being announced at CES, the Autoextremist offers a reality check,
http://www.autoextremist.com/on-the-table1/2018/1/9/january-10-2018.html
...the fact remains that when CES keeps allowing blatant celebrations of vaporware to happen on a consistent basis, the credibility of the show is more than a little suspect. The latest evidence, or more specifically the latest outrage unleashed on the landscape? Byton, which is the brand name of Future Mobility Corporation of Nanjing, China. “The name ‘Byton’ comes from 'bytes on wheels' so it somehow reflects our idea to make a computer on four wheels.
...
The best part of this glorious charade? The company has raised $250 million so far. Yes, you read that correctly, $250 million. That's it. Do you know what $250 million will get you toward the development of a new car? A lot of nothin'.
For anyone that likes daydreaming, the Byton company vision statement can be found at https://www.byton.com/vision.html
(Score: 2) by maxwell demon on Thursday January 11 2018, @08:39AM (1 child)
I was to comment that the summary omitted the most crucial information: What exactly is Byton's (vaporware) product?
Then I read the linked articles, and found that the company itself doesn't really say either.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 0) by Anonymous Coward on Thursday January 11 2018, @01:09PM
My guess is that Byton is planning to raise a lot of money from gullible (mostly) Chinese investors. The pitch could be something along the lines of, "Did you miss the run up in Tesla stock? Then you will want to buy our stock now to get in early this time." The owners will make excuses for a few years and then slip out of China before they are caught for the scam.