DJI's Auto Unit Zhuoyu Tech Secures Funding from GAC and BAIC
Zhuoyu Technology, the automotive subsidiary of Chinese drone giant DJI, has successfully raised several hundred million RMB in new funding. The investment comes from the capital arms of two major state-owned Chinese automakers, GAC Group and BAIC Group, specifically through GAC Capital and BAIC Capital. This latest financing round brings Zhuoyu Technology's total fundraising to over 2.5 billion RMB since its spin-off from DJI in 2023. Based in Shenzhen, Zhuoyu Technology specializes in safety-based driver assistance systems. The company has already deployed its technology in more than 20 vehicle models across nine different automakers, including prominent industry players such as Volkswagen, BYD, and Chery. Looking ahead, Zhuoyu is actively developing more advanced assisted driving technologies, leveraging new processors from global tech leaders Nvidia and Qualcomm. This strategic investment highlights the growing integration between traditional automotive manufacturers and specialized tech firms in China's rapidly evolving electric and smart vehicle market, signaling strong confidence in Zhuoyu's technological capabilities and market potential.
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DJI's Auto Unit Zhuoyu Tech Secures Funding from GAC and BAIC
Zhuoyu Technology, the automotive subsidiary of Chinese drone giant DJI, has successfully raised several hundred million RMB in new funding. The investment comes from the capital arms of two major state-owned Chinese automakers, GAC Group and BAIC Group, specifically through GAC Capital and BAIC Capital. This latest financing round brings Zhuoyu Technology's total fundraising to over 2.5 billion RMB since its spin-off from DJI in 2023. Based in Shenzhen, Zhuoyu Technology specializes in safety-based driver assistance systems. The company has already deployed its technology in more than 20 vehicle models across nine different automakers, including prominent industry players such as Volkswagen, BYD, and Chery. Looking ahead, Zhuoyu is actively developing more advanced assisted driving technologies, leveraging new processors from global tech leaders Nvidia and Qualcomm. This strategic investment highlights the growing integration between traditional automotive manufacturers and specialized tech firms in China's rapidly evolving electric and smart vehicle market, signaling strong confidence in Zhuoyu's technological capabilities and market potential.
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