Chinese electric-car builder Byton says it raised $500 million

Byton SUV conceptA $500 million infusion from investors including an automaker and a major battery supplier could help Chinese electric-car startup Byton put its cars on the road by the end of next year, the company said Monday. Byton said that its big investors—Chinese state-owned automaker FAW Group, Chinese lithium-ion battery developer CATL, and Chinese...