DJI’s car tech unit raises new funds from Chinese automakers GAC and BAIC · TechNode

DJI’s car tech unit raises new funds from Chinese automakers GAC and BAIC · TechNode

Chinese drone maker DJI’s automotive subsidiary has raised “several hundred million RMB” (between $13.9 million and $139.2 million) in fresh funding from the investment arms of two Chinese state-owned automakers, GAC and BAIC, people familiar with the matter told the media outlet Late Post. BAIC Capital and GAC Capital are among the latest investors in Zhuoyu Technology, a Shenzhen-based auto tech firm spun off from DJI in 2023, bringing its tot…