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DJI’s car tech unit raises new funds from Chinese automakers GAC and BAIC
DJI's automotive unit, Zhuoyu Technology, has raised hundreds of millions of RMB from Chinese automakers GAC and BAIC. The new funding increases its total financing to over 2.5 billion RMB. Zhuoyu develops safety driver assistance systems for multiple automotive brands and is working on advanced driving technologies using processors from Nvidia and Qualcomm.
Key points
- Zhuoyu Technology, DJI's car tech unit, raised 'several hundred million RMB' from GAC and BAIC.
- Total funding for Zhuoyu now exceeds 2.5 billion RMB.
- Zhuoyu provides driver assistance systems for over 20 vehicle models from brands like Volkswagen, BYD, and Chery.
- The company is enhancing its technologies using processors from Nvidia and Qualcomm.
Why it matters
- The rise of electric and autonomous vehicles in the automotive sector aligns with investments in advanced tech firms.
- The collaboration between state-owned enterprises (GAC and BAIC) indicates a trend of increasing government involvement in technology development.
- In 2025, the focus on AI and smart vehicle solutions will continue, emphasizing the importance of safety and advanced driver assistance systems.
DJI's Zhuoyu Technology's recent funding marks a significant step in boosting China's automotive tech sector, highlighting the synergy between traditional automotive manufacturers and emerging tech companies.