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Former DJI Automotive Unit "Zhuoyu Tech" Plans HK IPO, Raises RMB 2B in Pre-IPO Round

From:Internet Info Agency 2026-03-18 11:06:39

DJI’s former automotive business has been spun off into Zhuoyu Technology, which is now advancing plans for a Hong Kong IPO. According to Yiou Auto, the company is currently raising a Pre-IPO round of financing amounting to RMB 2 billion, with a pre-money valuation of approximately RMB 12.5 billion. Previously, in November 2023, Zhuoyu secured a strategic investment exceeding RMB 3.6 billion from China FAW Group, valuing the company at over RMB 10 billion post-investment while maintaining its independent operations. In addition to FAW, Zhuoyu’s shareholders include BYD, SAIC Hengxu, BAIC Capital, SDIC CMC Investment, Guangyuan Investment, and XCMG Yunhan Fund. Originally established as DJI’s automotive division in 2016, the business was fully spun off in 2023 and officially launched under the “Zhuoyu” brand in June 2024, focusing on intelligent driving technology development.

Editor:NewsAssistant