FW(SH:600742) Xin Lang Cai Jing·2025-09-23 09:25Core Viewpoint - FAW Group is set to acquire a stake in Zhuoyue Technology, enhancing its position in the intelligent driving sector [1][2]. Group 1: Acquisition Details - FAW Group plans to acquire equity in Zhuoyue Technology, which specializes in Advanced Driver Assistance Systems (ADAS) [3]. - Prior to the transaction, New Territory held 70.65% of Zhuoyue Technology, and post-transaction, FAW Group will hold 35.8% while New Territory will hold 34.85%, leading to joint control [3]. - The acquisition is part of FAW Group's strategy to strengthen its capabilities in the intelligent driving market [1]. Group 2: Company Background - FAW Group was established on June 28, 2011, in Changchun, Jilin Province, focusing on the development, production, and sales of passenger and commercial vehicles [3]. - Zhuoyue Technology was spun off from DJI's automotive division in 2023 and aims to serve automotive clients as a supplier and service provider [3][4]. Group 3: Market Position and Collaborations - Zhuoyue Technology has announced partnerships with nine major automotive manufacturers, including FAW, Volkswagen, and BYD, covering over 20 vehicle models [5]. - The company has developed the IQ.Pilot enhanced driving assistance system in collaboration with Volkswagen, marking a significant achievement in the fuel vehicle market [5]. - FAW and Zhuoyue have previously engaged in deep cooperation, signing a strategic collaboration agreement focused on intelligent driving technologies [5]. Group 4: Financing and Investments - Zhuoyue Technology completed a Series B financing round in June 2023, with investments from BAIC Capital and GAC Capital, following earlier investments from BYD [5][6]. - BYD has also deepened its collaboration with DJI in the intelligent sector through the launch of the "Lingyuan" intelligent vehicle-mounted drone system [6].