FAW Jiefang(SZ:000800) Di Yi Cai Jing·2025-09-23 04:54Core Viewpoint - The acquisition of a 35.8% stake in Zhuoyu Technology by FAW is expected to enhance operational collaboration and accelerate production, although concerns exist regarding potential impacts on partnerships with other automakers [1][3]. Group 1: Acquisition Details - FAW has signed an agreement to acquire a stake in Zhuoyu Technology, which was previously controlled by New Territory Technology Company Limited [1]. - Post-transaction, FAW will become the largest single shareholder of Zhuoyu Technology, with New Territory holding 34.85% [1]. - Zhuoyu Technology is expected to maintain independent operations despite the new ownership structure [1]. Group 2: Company Background - Zhuoyu Technology originated from DJI's automotive division and was established in 2016, focusing on intelligent driving technology [2]. - The company became independent from DJI in 2023 and officially adopted the "Zhuoyu" brand in June 2024 [2]. - Zhuoyu Technology has been recognized as a pioneer in intelligent driving, launching its first assisted driving solution in 2022 on the Baojun KiWi EV model [2]. Group 3: Market Position and Challenges - Despite its innovations, Zhuoyu Technology has faced criticism for lagging behind competitors in market presence and production scale [2]. - As of this year, Zhuoyu Technology has expanded its partnerships to nine automakers, including BYD and Audi, and has nearly 20 production models [3]. - The acquisition by FAW may strengthen Zhuoyu's operational ties with FAW but raises questions about its ability to collaborate with other automakers [3].