ByteDance Denies Plans to Launch Vehicle with Saidou Technology

ByteDance has issued a denial regarding vehicle production. The company is the parent organization of TikTok. Reports suggested a partnership with Saidou Technology. Saidou Technology is a subsidiary of Seres. ByteDance clarified it has no plans to launch a vehicle. The denial addresses recent rumors in the industry. This clarifies the company's current business direction. No official vehicle launch is currently planned by ByteDance.