Start-up unveils ‘car of future’ for $45,000

A Chinese start-up unveiled its vision for the automobile of the future, promising to deliver an “intuitive and intelligent” car to global markets starting next year from around $45,000. The electric-powered concept car shown by Byton at the Consumer Electronics Show in Las Vegas is touted as a computing device on wheels, equipped with a “digital” lounge featuring a panoramic display acting as a hub for navigation, entertainment and even monitoring the health of its occupants. Backed by more than $200 million from investors including Chinese tech giant Tencent, Byton is among the latest entrants to a crowded field of start-ups and established players looking to emulate Tesla in the race for a new kind of vehicle which can be adapted for autonomous driving.