DeepWay深向递表港交所，打造公路货运“工业机器人”

Core Viewpoint - The article highlights DeepWay's upcoming listing on the Hong Kong Stock Exchange as a significant milestone for the company and the smart new energy heavy truck industry, marking a transition from technology validation to capital market recognition [1][16]. Company Overview - DeepWay is a leading global technology company focused on new energy heavy trucks and intelligent road freight solutions, aiming to transition the logistics industry towards zero carbon, efficiency, and safety [5]. - Unlike traditional heavy truck manufacturers, DeepWay positions itself as an "industrial robot company driven by AI," redefining heavy truck products and innovating intelligent technologies [5][16]. 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 [5][6]. - The company has delivered 509 units in 2023, with projections of 3,002 units in 2024 and 2,873 units in the first half of 2025, ranking first in the global forward-defined new energy heavy truck market by 2024 sales [5][6]. 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 [6][16]. Financial Performance - Although the company has not yet turned a profit, it has achieved positive gross margins, which is notable among new heavy truck players [6][16]. Technological Innovation - DeepWay's technological advancements include a new vehicle architecture and self-developed core systems, enhancing communication capabilities and reducing costs and failure rates [7][8]. - The company has fully self-developed its core "three electric" systems (battery system, electric drive axle, and electronic controller), improving product economics and safety [8][10]. Future Vision - DeepWay aims to achieve autonomous freight transport, employing a progressive development approach focused on user scenarios and commercial viability [10][15]. - The company has developed various intelligent driving systems and solutions to enhance operational efficiency and safety in freight transport [10][11]. Industry Growth Potential - The new energy heavy truck industry is poised for explosive growth, with global sales expected to reach 95,500 units and a market size of $9.8 billion in 2024, potentially increasing to 703,000 units and $80.6 billion by 2030 [11][14]. - China is leading the global transition to new energy heavy trucks, contributing 88.8% of global sales in 2024, with a projected market penetration rate of 53.5% by 2030 [14][16]. Strategic Advantages - DeepWay's forward definition approach offers lifecycle cost advantages and strong adaptability to various scenarios, addressing key industry pain points such as high carbon emissions and total cost of ownership [14][15]. - The company is positioned to become a leader in the logistics industry's shift towards automation and intelligent solutions, akin to the disruption seen in the passenger vehicle market by companies like Tesla [14][16].