FAW Jiefang(SZ:000800) Ju Chao Zi Xun·2025-09-23 03:57Group 1 - The core announcement involves China First Automobile Works Group Co., Ltd. (FAW) acquiring a stake in Shenzhen Zhuoyu Technology Co., Ltd. through New Territory Technology Company Limited, which holds 70.65% of Zhuoyu prior to the transaction [2] - Post-transaction, FAW will own 35.8% of Zhuoyu, while New Territory will hold 34.85%, leading to joint control of Zhuoyu by both parties [2] - Zhuoyu Technology specializes in Advanced Driver Assistance Systems (ADAS) [2] Group 2 - New Territory was established on October 3, 2022, in Hong Kong and primarily holds shares in Zhuoyu Technology [4] - The ultimate controller of New Territory is a natural person, who is involved in the development, design, production, and sales of drones, handheld imaging, and robotics education solutions [4] - The transaction is categorized as a concentration of operators with less than 25% market share in both upstream and downstream markets [4] Group 3 - Zhuoyu Technology was founded on October 28, 2022, and originated from DJI's automotive division, becoming independent in 2023 [5] - Zhuoyu has announced partnerships with major automotive companies, including Volkswagen, SAIC-GM-Wuling, BYD, Chery, Great Wall Motors, China FAW, Audi, and BAIC Group, with over 20 models equipped with its intelligent driving solutions already in production [5] - There are more than 30 additional models expected to enter production soon [5]