Dronemaker DJI buys into 3D printer manufacturer Elegoo — move seen as way to diversify away from drones amid worries of U.S. ban

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Embattled drone maker DJI has reportedly invested in 3D printer manufacturing, helping diversify its business as it faces challenges in the U.S. According to TechNode, 3D printing brand Elegoo’s parent company, Shenzhen Zhinengpai Technology, added DJI as one of its shareholders following an update to its business registration on November 18. It has also reported a capital of CNY 6.44 million, or around US$900,000, which should be a small amount given the company’s standing as the world’s largest…



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Dronemaker DJI buys into 3D printer manufacturer Elegoo — move seen as way to diversify away from drones amid worries of U.S. ban


Embattled drone maker DJI has reportedly invested in 3D printer manufacturing, helping diversify its business as it faces challenges in the U.S. According to TechNode, 3D printing brand Elegoo’s parent company, Shenzhen Zhinengpai Technology, added DJI as one of its shareholders following an update to its business registration on November 18. It has also reported a capital of CNY 6.44 million, or around US$900,000, which should be a small amount given the company’s standing as the world’s largest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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