Half a year after raising $500m in a TUS Holdings-backed series B round, the electric car developer is seeking another $500m before it floats.

Byton, a China-based smart car developer backed by  Tsinghua University’s asset management arm TUS Holdings, is seeking at least $500m in funding, Reuters reported yesterday. The company is aiming for a valuation of more than $4bn and is particularly keen on attracting overseas investors, according to people familiar with the matter. Byton confirmed it was raising…

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