FAW Jiefang(SZ:000800) Zhong Guo Jing Ying Bao·2025-11-22 05:36Core Insights - Zhuoyu Technology has announced a strategic investment of over 3.6 billion yuan from China First Automobile Group (FAW), resulting in a post-investment valuation exceeding 10 billion yuan [1] - Zhuoyu Technology will continue to operate as an independent entity with its existing management team, technology roadmap, and brand strategy unchanged [1] - The collaboration between Zhuoyu Technology and FAW began with a strategic cooperation agreement on intelligent driving signed in April 2024, leading to the integration of Zhuoyu's technology in several FAW models [1][2] Company Overview - Zhuoyu Technology was established in October 2022, focusing on the development and production of intelligent driving systems and core components, including the Chengxing platform, intelligent parking systems, and visual perception sensors [3] - The company has formed partnerships with major automotive manufacturers such as Volkswagen, FAW, and BAIC Group [3] Strategic Importance - FAW's chairman emphasized the importance of mastering key technologies and establishing a national automotive brand, indicating that this investment will enhance FAW's competitiveness in the intelligent driving sector [2] - Zhuoyu Technology's CEO highlighted the mission to provide safe and easy travel experiences, viewing the investment as a recognition of their capabilities and a step towards advancing the automotive industry's intelligent transformation [2]