FAW Group has agreed to acquire a stake in ZYT, the smart driving unit formerly known as DJI Automotive, making it the largest shareholder in the company, according to a filing on China’s State Administration for Market Regulation (SAMR) website. The transaction involves purchasing part of New Territory Technology Company Limited’s holdings in ZYT.
Following the deal, FAW will hold a 35.80 percent stake in ZYT, while New Territory will retain 34.85 percent, giving both parties joint control of the unit. Previously, New Territory, incorporated in Hong Kong in October 2022, held a 70.65 percent stake in ZYT and exercised sole control.
ZYT, established in 2016, specializes in smart driving technologies and counts clients such as Volkswagen, SAIC-GM-Wuling, Chery, FAW Group, Dongfeng Motor, and GWM, having collaborated on over 20 mass-produced models.
FAW’s move to become ZYT’s largest shareholder reflects the automaker’s broader strategy to strengthen its position in the new energy vehicle (NEV) and intelligent driving sectors. The company has previously engaged in strategic partnerships, including a memorandum of understanding with Leapmotor in March to jointly develop passenger NEVs and vehicle components. Media reports also indicate FAW plans an initial investment to acquire around 10 percent of Leapmotor’s shares as a strategic shareholder.
