DJI car tech unit spinout ZYT is raising pre-IPO funding, report says

Zhuoyu Technology (ZYT), a spinout from DJI, is raising RMB 2 billion ($280 million) in pre-IPO funding at a valuation of RMB 12.5 billion ($1.74 billion) as it prepares for a Hong Kong listing this year. Originally part of DJI since 2016, ZYT specializes in intelligent driving technology and was officially rebranded in June 2024.

Key Points

• ZYT is raising RMB 2 billion ($280 million) for pre-IPO funding.
• The company has a pre-money valuation of RMB 12.5 billion ($1.74 billion).
• ZYT plans to list in Hong Kong this year.
• It was established in 2016 as DJI's automotive subsidiary.
• ZYT was spun out from DJI in 2023 and rebranded in June 2024.
• In November 2025, ZYT received over RMB 3.6 billion in strategic investment from FAW Group.

Relevance

• Reflects the growing trend of spinouts in the technology sector.
• Aligns with the rising emphasis on intelligent driving solutions in automotive tech.
• Pre-IPO funding is part of a broader shift as tech companies seek public markets following 2023's IPO landscape.
• The automotive sector's focus on electric vehicles and autonomous driving mirrors ZYT's strategic positioning.

ZYT's pre-IPO funding initiative and planned Hong Kong listing underscore the increasing investment in automotive tech, especially in intelligent driving, reflecting broader trends in innovation and market dynamics.