BYD Invests in DJI's Automotive Subsidiary to Boost Assisted Driving
Chinese electric vehicle giant BYD has completed an undisclosed investment in Zhuoyu Technology, the automotive subsidiary of drone manufacturer DJI. According to enterprise database Tianyancha, a wholly-owned BYD subsidiary now holds a 3.95% stake in Zhuoyu, which has a registered capital of RMB 73.1 million ($10.1 million). This strategic move addresses BYD's need to enhance its assisted driving capabilities, an area where it has trailed competitors like Tesla and Huawei. The investment aligns with BYD's plan to introduce advanced assisted driving functions in future models priced under RMB 200,000 by 2025. Recent vehicle registration data from China’s Ministry of Industry and Information Technology indicates that upcoming BYD models will feature optional camera-enhanced rear-view mirror systems to improve functions such as lane changing. By partnering with DJI's tech unit, BYD aims to accelerate the deployment of robust autonomous driving technologies in its mass-market vehicles, leveraging Zhuoyu's expertise in automotive electronics and smart driving solutions to remain competitive in the rapidly evolving EV sector.
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BYD Invests in DJI's Automotive Subsidiary to Boost Assisted Driving
Chinese electric vehicle giant BYD has completed an undisclosed investment in Zhuoyu Technology, the automotive subsidiary of drone manufacturer DJI. According to enterprise database Tianyancha, a wholly-owned BYD subsidiary now holds a 3.95% stake in Zhuoyu, which has a registered capital of RMB 73.1 million ($10.1 million). This strategic move addresses BYD's need to enhance its assisted driving capabilities, an area where it has trailed competitors like Tesla and Huawei. The investment aligns with BYD's plan to introduce advanced assisted driving functions in future models priced under RMB 200,000 by 2025. Recent vehicle registration data from China’s Ministry of Industry and Information Technology indicates that upcoming BYD models will feature optional camera-enhanced rear-view mirror systems to improve functions such as lane changing. By partnering with DJI's tech unit, BYD aims to accelerate the deployment of robust autonomous driving technologies in its mass-market vehicles, leveraging Zhuoyu's expertise in automotive electronics and smart driving solutions to remain competitive in the rapidly evolving EV sector.
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