DJI car tech unit spinout ZYT is raising pre-IPO funding, report says

ZYT, formerly DJI’s automotive unit Zhuoyu Technology, is reportedly seeking about RMB 2 billion in pre-IPO funding.

The company is said to be targeting a valuation of around RMB 12.5 billion as it prepares for a Hong Kong listing this year.

ZYT was spun out from DJI in 2023, rebranded in 2024, and had previously disclosed over RMB 3.6 billion in strategic investment from FAW Group.

The fundraising would strengthen its capital base ahead of the listing and highlight continued investor appetite for intelligent driving tech.