Ex-Byton chairman Breitfeld joins rival startup Iconiq -Handelsblatt

Fullshare Holdings

16/04/2019 11:47

BERLIN, April 16 (Reuters) - Carsten Breitfeld, a former BMW
 BMWG.DE  top executive and until recently chairman of Chinese
e-vehicle startup Byton is joining its domestic rival Iconiq,
German daily Handelsblatt said on Tuesday.
    "We have chosen Carsten Breitfeld as he adds the biggest
value," Handelsblatt quoted Iconiq's founder Wu Nan, a Chinese
investor, as saying, adding that Byton had meanwhile confirmed
the departure of its co-founder and chairman. 
    The German business monthly reported earlier in April that
Breitfeld was about to leave Byton, as the company faced
difficulties in raising funds for its planned expansion in the
Chinese e-vehicle market.  urn:newsml:reuters.com:*:nL8N21T428
    

 (Reporting by Tassilo Hummel; editing by David Evans)
 ((Tassilo.Hummel@thomsonreuters.com; + 49 30 2888 51 26;
Reuters Messaging: tassilo.hummel.thomsonreuters@reuters.net))