New energy vehicle startup Byton has halted production in China from today. All staff, except for those in key posts, have downed tools. Nanjing-based Byton expects to stop production for six months, it announced yesterday. During this shutdown, all furloughed workers will get their July salaries, and will be paid from August, but without bonuses, allowances or benefits, The Paper reported, citing the announcement. "The new coronavirus pandemic has brought great challenges to Byton's financing, production and operations. After careful consideration and joint consultation between shareholders and management, the company has decided to institute a plan to reduce labor costs and promote the company's strategic reorganization from July 1. The move is fully supported by core shareholders," Byton told Yicai Global. "The Covid-19 pandemic has had a huge impact on the economy. No industry or enterprise can survive alone, and Byton is therefore facing huge challenges,...