Zhuoyu Technology said on Friday it has secured more than RMB 3.6 billion in strategic funding from China FAW Group, a move that lifts its valuation to more than RMB 10 billion once the transaction is completed.
The company said it will continue operating independently, keeping its management team, technology roadmap and brand strategy unchanged, while FAW will act as a strategic shareholder focused on business cooperation and resource coordination rather than direct oversight.
FAW joins an existing group of investors that includes New Territory Technology Company Limited, BYD, Hengxu Capital and BAIC Capital, reflecting broad industry confidence in Zhuoyu’s approach to scalable autonomous-driving technologies.
The two companies first formalized a cooperation in April 2024 to jointly develop high-level smart-driving systems for future Hongqi models, combining Zhuoyu’s perception and software capabilities with FAW’s vehicle-engineering strengths.
Their collaboration now spans several Hongqi models, including the TianGong 08, TianGong 05, TianGong 06, the 2025 EH7 and the HS6 PHEV. These vehicles feature advanced driver-assistance functions such as automated parking, highway navigation and nationwide city-level navigation.
Models such as the TianGong 05 and 06 integrate the company’s inertial-navigation visual system, which uses binocular bio-inspired imaging and a long-focus monocular sensor to improve long-range perception. Running on Qualcomm’s SA8650P platform, Zhuoyu’s algorithms aim to deliver what the company describes as a smoother, “more human-like” assisted-driving experience.
Zhuoyu has also expanded partnerships with SAIC-GM-Wuling, Chery, FAW-Volkswagen, Great Wall Motor and BAIC. Its ADAS technologies have been adopted across a widening range of mass-market models, signalling the company’s growing commercial momentum and influence within China’s autonomous-driving supply chain.