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On November 21, Zhuoyu Technology made a public announcement, revealing that it had successfully secured a strategic investment of over 3.6 billion yuan from China FAW Group Co., Ltd. Once this transaction is finalized, Zhuoyu Technology's valuation post-investment is projected to soar beyond 10 billion yuan. The company will persist in operating as an autonomous legal entity, with its current management team, technological approach, and brand strategy remaining intact. China FAW Group, acting as a strategic shareholder, will bolster Zhuoyu Technology's capabilities through business partnerships and resource allocation. Moreover, Zhuoyu Technology also counts among its shareholders a number of institutions, including New Territory Technology Company Limited, SDIC Capital, BYD, Guangyuan Investment, SAIC Hengxu, BAIC Industrial Investment, and Xugong Yunhan Fund.
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