融了11轮，合肥明星公司要IPO了

Core Viewpoint - Deepway is positioned to become a leading player in the new energy heavy truck market, similar to "NIO" in the electric vehicle sector, with significant backing from Baidu and local government support [5][8][19]. Company Overview - Deepway, founded in 2020, focuses on new energy heavy trucks and intelligent road freight solutions, with its headquarters in Hefei, a city known for its investment in technology [6][12]. - The company has established a strong partnership with Baidu, which holds a 17.28% stake and provides critical autonomous driving technology through a unique "white box" model [10][11]. Market Position and Growth - By 2025, Deepway is projected to rank first in the global new energy heavy truck market, having delivered approximately 6,400 units and serving 311 customers [7][14]. - The company reported revenues of 4.26 billion yuan in 2023, with a year-on-year growth of 97.6% [17]. Financial Performance - Despite rapid revenue growth, Deepway has incurred cumulative losses of 1.702 billion yuan over three and a half years, with significant investments in R&D [16][17]. - The company’s total assets and liabilities have increased significantly, indicating a high debt ratio [17]. Strategic Initiatives - Deepway is accelerating the construction of a smart factory to reduce manufacturing costs and is expanding its international market presence, targeting regions like the Middle East and Southeast Asia [18][19]. - The company aims for overseas sales to account for over 50% of its total by 2028, with a goal of exceeding 60% by 2030 [18]. Investment and Financing - Deepway has completed multiple rounds of financing, raising a total of 1.96 billion yuan, with investments from various notable institutions and local government funds [22]. - The company is positioned to leverage the growing demand for new energy heavy trucks in China, which saw a 198% year-on-year increase in sales from January to September 2023 [22]. Future Outlook - If Deepway successfully goes public, it could become the first smart driving heavy truck stock in Hong Kong, enhancing its brand and capital appeal while opening new opportunities in the intelligent new energy heavy truck sector [23].