SIASUN(SZ:300024) 智通财经网·2025-11-06 13:16Core Insights - DeepWay is set to list on the Hong Kong Stock Exchange, marking a significant milestone in its development and indicating a shift from technology validation to capital market recognition for the smart new energy heavy truck sector [1][3] - The company aims to redefine the heavy truck industry through a combination of technology, capital, and ecosystem, potentially reshaping the competitive landscape [1][3] Company Overview - DeepWay is a leading global technology company focused on new energy heavy trucks and intelligent road freight solutions, emphasizing electrification and intelligence to transition the logistics industry to a zero-carbon, efficient, and safe phase [3][4] - Unlike traditional heavy truck manufacturers, DeepWay positions itself as an "industrial robot company driven by AI," aiming to innovate and redefine heavy truck products and solutions [3][4] Market Position and Performance - DeepWay is the first company to achieve mass delivery of smart new energy heavy trucks through a forward definition approach, breaking free from traditional fuel vehicle frameworks [3][4] - The company has delivered 509, 3002, and 2873 new energy heavy trucks in 2023, 2024, and the first half of 2025, respectively, ranking first in the global forward-defined new energy heavy truck market by 2024 sales [3][4] Global Expansion - DeepWay is the first Chinese company to deliver forward-defined new energy heavy trucks overseas, establishing sales networks in countries like Singapore, Thailand, Malaysia, UAE, and Australia by September 2025 [4][9] - The global market for new energy heavy trucks is projected to grow significantly, with an expected annual sales volume of 95,500 units and a market size of $9.8 billion in 2024, potentially reaching $80.6 billion by 2030 [9][11] Technological Innovation - DeepWay's technological advancements include a fully self-developed electronic and electrical architecture, achieving high-speed communication and cost efficiency, along with a low-drag aerodynamic design for enhanced energy efficiency [5][6] - The company has developed its core "three electric" systems (battery, electric drive axle, and electric controller) through self-research, enhancing product performance and reducing reliance on external suppliers [6][12] Future Growth Potential - Future growth for DeepWay is anticipated to stem from expanding operational scenarios and ongoing technological iterations, with partnerships in mid-to-long-distance transportation already validated [12][13] - The company aims to achieve autonomous driving in freight transport, with a gradual development approach focusing on user-defined scenarios and commercial viability [12][13] Industry Context - The new energy heavy truck sector is experiencing explosive growth, with China expected to contribute 88.8% of global sales and 71.4% of revenue in 2024, indicating a rapid increase in market penetration [11][12] - DeepWay's innovative approach positions it as a key player in addressing the industry's challenges related to high carbon emissions and total cost of ownership, similar to the disruption seen in the passenger vehicle market by companies like Tesla [11][12]