BYD, FAW seek to invest in DJI auto business in race for autonomous cars

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Why it matters: The news comes at a time when a growing number of automakers and suppliers are expanding their alliances in hopes of accelerating progress in and sharing the cost of making partially automated driving passenger cars. In China, the technology is being popularized by the likes of Tesla, Huawei, and Xpeng Motors. Changan Automobile recently announced it will invest in a new venture set to absorb Huawei’s car business unit. BYD is planning to roll out partially automated driving functions for future affordable models priced at RMB 200,000 ($27,920) or below in 2025 with assistance from DJI, a person close to the company told TechNode on Thursday. It also announced plans to release at least 10 new models this year featuring advanced driving technology.