FW(SH:600742) Mei Ri Jing Ji Xin Wen·2025-09-23 10:33Core Viewpoint - China FAW Group Corporation (FAW) is acquiring a stake in Shenzhen Zhuoyu Technology Co., Ltd. (Zhuoyu Technology), marking a significant move to enhance its presence in the intelligent driving sector [1] Group 1: Acquisition Details - FAW plans to increase capital and acquire shares from New Territory Technology Company Limited, resulting in FAW holding 35.8% and New Territory holding 34.85% of Zhuoyu Technology [1] - The acquisition price has not been disclosed by FAW [1] Group 2: Zhuoyu Technology Overview - Zhuoyu Technology, formerly the automotive division of DJI, specializes in mass production of advanced driver assistance systems (ADAS) and high-level autonomous driving systems (ranging from L2 to L4) [1] - Zhuoyu Technology collaborates with major automotive manufacturers, including Volkswagen, SAIC-GM-Wuling, Chery, and FAW, with specific partnerships on models like Hongqi Tian Gong 08 and Hongqi EH7 [1] Group 3: Strategic Implications for FAW - This acquisition is seen as a strategic move for FAW to strengthen its intelligent driving capabilities, with a goal of achieving 3 million sales of intelligent connected new energy vehicles by 2030, including 1.5 million from its own brands [3] - FAW is pursuing a dual strategy of external collaboration and in-house development in the intelligent driving sector, partnering with various companies including Huawei for Audi models [3] Group 4: Industry Trends - The trend of automotive manufacturers reducing in-house development teams while investing in intelligent driving companies is becoming more common, as seen with BYD's investment in Zhuoyu Technology [4] - The industry is shifting towards collaboration to meet market demands, with a focus on finding sustainable business models for intelligent driving technologies [4]