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Case Study
The rise and fall of Byton

Byton was a Chinese electric vehicle company founded in 2016 with the goal of developing affordable, connected EVs. Daniel Kirchert, a seasoned automotive industry executive with extensive experience in luxury cars in China, was invited to join the start-up. With Daniel’s leadership and vision, Byton quickly became one of the most talked-about s…

Entrepreneurship China Leadership
By Mark J. Greeven and Yunfei Feng
Case reference: IMD-7-2473, © 2023
The rise and fall of Byton
By Mark J. Greeven and Yunfei Feng
Case reference: IMD-7-2473 ©2023
Summary
Byton was a Chinese electric vehicle company founded in 2016 with the goal of developing affordable, connected EVs. Daniel Kirchert, a seasoned automotive industry executive with extensive experience in luxury cars in China, was invited to join the start-up. With Daniel’s leadership and vision, Byton quickly became one of the most talked-about start-ups in the EV industry. The company raised around $700 million in funding from prominent investors such as FAW Group, Qidian Holdings and CATL, and secured partnerships with suppliers and strategic partners to support its innovative designs and technology. Byton’s first car model, the M-Byte, was unveiled at the 2019 Consumer Electronics Show (CES). However, despite the initial success and buzz, Byton faced financial difficulties and began experiencing delays in bringing the M-Byte to market. In early 2020, Byton entered bankruptcy proceedings due to a lack of cash flow and the impact of the Covid-19 pandemic on the global economy. Daniel left Byton for another career.
Reference IMD-7-2473
Copyright ©2023
Copyright owner IMD Copyright
Organization Byton
Industry Automotive, Automobiles
Available Languages English
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Research Information & Knowledge Hub for additional information on IMD publications

Case Study
Chips and change: Navigating geopolitics at TSMC

Taiwan Semiconductor Manufacturing Company, better known as TSMC, was the leading contract manufacturer of semiconductors, controlling 90% of the production of the most advanced chips. Almost all of its manufacturing capacity was in Taiwan, a self-governing island off the coast of China that the government in Beijing was determined to unify with…

Global Business Business to Business China General Management
By David Bach
Case reference: IMD-7-2485, © 2023
Chips and change: Navigating geopolitics at TSMC
By David Bach
Case reference: IMD-7-2485 ©2023
Summary
Taiwan Semiconductor Manufacturing Company, better known as TSMC, was the leading contract manufacturer of semiconductors, controlling 90% of the production of the most advanced chips. Almost all of its manufacturing capacity was in Taiwan, a self-governing island off the coast of China that the government in Beijing was determined to unify with the mainland. This placed TSMC at the heart of the 21st Century’s most consequential geopolitical fault line and in the middle of Great Power rivalry over a key industry with pivotal civilian and military applications. The case provides key facts and figures on the industry and its development to frame at a high level the key corporate strategy decisions facing TSMC’s leadership – (i) where to locate major production sites and (ii) how to balance the myriad political stakeholders that are seeking to shape the industry’s evolution in line with their national security- and economic interests.
Reference IMD-7-2485
Copyright ©2023
Copyright owner IMD Copyright
Organization Taiwan Semiconductor Manufacturing Company Limited
Industry Materials, Semiconductors
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications