11月21日，广州国际汽车展览会现场，广汽领程以一场主题为"智领·耀新程"的发布会，正式推出旗下首款全正向研发的智能新能源重卡——T9。新车 定位港口、矿区、钢厂等高频短倒运输场景，以43.99万元起的亲民售价、极致轻量化、超低能耗与智能化运营平台，宣告新能源重卡正式迈入"技术驱动价 值"的2.0时代。 广汽领程T9的推出，不仅是新品上市，更是企业"技术生态化"战略的阶段性成果与生态布局的关键起点，标志这广汽领程从"传统制造企业"向"新能源 运输解决方案提供商"迈出了实质一步。 全栈自研，重新定义"电动重卡"能效边界 "技术是产品的核心竞争力，智能化是汽车产业振兴的未来。"广汽领程首席技术官于维东在演讲中开宗明义。T9从立项之初就坚定走全正向研发路径， 拒绝"油改电"的行业妥协，从底层架构上实现革命性突破。 轻量化是T9技术体系中的核心突破之一。 于维东指出，T9通过高强钢笼式骨架驾驶室、集成式底盘设计、电池与车架模块化集成等多项创新，实现整 车自重仅8.9吨，较同类产品轻1吨以上。"每趟多拉1吨货，一年跑10万公里，相当于多赚3万元。"这不仅是技术参数上的领先，更是对用户运营效率的实质 性提升。 能耗控制则 ...

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].

Group 1: Overall Operational Performance - In October 2025, China's heavy truck market sold a total of 18,10,10.62 thousand units, with a year-on-year growth of 60% and a month-on-month increase of 1% [2][3] - Cumulative sales from January to October 2025 reached a total of 1,10 thousand units, representing a year-on-year increase of 92.90% [2][3] - The company has achieved better growth compared to the industry average, with a robust order backlog [2] Group 2: Export Performance - The company's products are primarily exported through Sinotruk International, maintaining a strong growth trend in exports [3] - Key export markets include Africa, Southeast Asia, Central Asia, and the Middle East, covering over 150 countries and regions [3] Group 3: New Energy Heavy Truck Development - In 2025, cumulative sales of new energy heavy trucks in China reached 15.78 thousand units, reflecting a significant year-on-year growth of 178% [3] - The company is capitalizing on market opportunities in the new energy sector, with growth rates exceeding the industry average [3] - Future strategies include focusing on sustainable development in the new energy sector, aligning with policy and technological trends [3]

在"双碳"目标驱动下，新能源重卡发展成为交通领域绿色低碳转型的重要一环。不过，续航受限、充电 不便等因素仍制约着其规模化推广进程。基于此，今年以来，宁德时代、欣旺达等多家电池厂商瞄准行 业痛点推出重卡电池新品，聚焦充电效率提升展开技术攻坚。 在业内人士看来，在政策支持、技术优化、基础设施建设等多维度协同发力下，新能源重卡在中长途运 输领域的规模化、高效化发展运营有望加速驶入快车道。 ■■多家电池企业涉足 今年已有多家电池厂商通过深化与车企战略合作、发布新品等方式涉足新能源重卡赛道。10月，欣旺达 发布商用车超充电池、长寿命电池。4月，欣旺达动力举办"重卡专用动力电池发布会"，推出重卡专用 大容量超充电芯。 同样在10月，宁德时代在业绩说明会上表示，公司正在打造重卡换电生态，加速重卡的电动化。公司商 用动力电池出货快速增长、占比逐步提升，目前占总出货的比例约两成。据悉，宁德时代在换电重卡领 域深耕多年，并已天行重型商用车系列电池，包括超充版、长寿命版、长续航版以及高强度版。 5月，亿纬锂能发布8款开源电池产品，旨在以全场景解决方案覆盖商用车多样化应用需求。在重卡领 域，亿纬锂能推出不同规格电池产品，包括LF23 ...

Core Viewpoint - Zero One Auto, a startup in the heavy-duty truck technology sector, is not the most prominent player but may be the most undervalued [1] Industry Context - Zero One Auto was founded during a challenging period for the autonomous driving truck industry, which had not yet achieved large-scale commercialization despite years of technological exploration [2] - The enthusiasm for autonomous driving among clients has cooled, with fleet owners preferring established manufacturers like FAW and Heavy Truck when it comes to purchasing [2] Company Development - Despite the industry's downturn, Zero One Auto has made significant progress, with the CEO announcing expectations to exceed 1,000 units in monthly sales next year [3] - The founder, Huang Zehua, has prior experience leading the first fully autonomous truck project in North America, which aids in understanding the domestic logistics market [4] Product Strategy - Unlike many competitors focusing solely on "smart driving," Zero One Auto aims to manufacture new energy heavy-duty trucks, emphasizing the need to solve hardware challenges before advancing to autonomous driving [5] - The company has set a three-phase plan: first, to build vehicles and address hardware and safety issues; second, to achieve L4 or L4+ level autonomous driving in specific scenarios; and third, to advance to L5 level within five years [5] Customer Engagement - Zero One Auto has successfully engaged with logistics owners and drivers, leading to product iterations based on direct feedback, which has contributed to increasing sales [6] Technological Advancements - The company plans to launch a new energy heavy-duty truck with end-to-end intelligent driving capabilities next year, indicating that hardware challenges are being addressed [7] - Zero One Auto's competitive edge lies in its product and technology, having restructured its vehicle architecture and systems to achieve significant technical breakthroughs [8] Cost Efficiency - The company claims that reducing vehicle weight by one ton can save clients approximately 45,000 yuan in annual freight costs, and its energy consumption is 20% lower than the market average [8] - Daily energy savings of 20% can translate to annual savings of 30,000 to 40,000 yuan for clients [9] Performance and Reliability - Zero One Auto's vehicles are designed to handle challenging terrains, addressing common issues faced by traditional vehicles in heavy-load scenarios [10] - The company has developed an electric drive bridge that significantly improves ground clearance and traction in difficult conditions [12] Market Focus - The company is prioritizing closed scenarios for its intelligent driving rollout, such as steel mills and ports, with a market potential of over 100,000 vehicles in these environments [13] Sales Strategy - Zero One Auto employs a dual sales strategy combining regional sales teams and a dealer network to enhance market reach and flexibility [16] Future Projections - The company aims to achieve monthly sales of 500 units in the first half of next year and over 1,000 units in the second half, with a long-term goal of 6,000 to 10,000 units in 2026 [17] - The biggest challenge ahead is expanding production capacity while ensuring efficient supply chain collaboration [18] Upcoming Innovations - A new model, internally dubbed the "T platform," is set to be launched next year, featuring a complete redesign for electric heavy-duty trucks [19] - The company plans to introduce automated production systems to enhance manufacturing efficiency [20] Challenges in Long-Distance Transport - Zero One Auto is focusing on improving battery capacity for long-distance transport, which presents challenges in weight, cost, and safety [21] Autonomous Driving Initiatives - The company is advancing its first commercial autonomous driving project in a steel mill, aiming for full automation in a complex operational environment [22] - The economic benefits of autonomous systems are significant, with potential savings on labor costs for clients [23] Technological Infrastructure - The company is assessing the feasibility of domestic chips to support its autonomous driving technology, with current hardware capabilities meeting existing needs [24][25] Roadmap for Intelligent Driving - Zero One Auto has established a clear technology roadmap, with plans for gradual implementation of intelligent driving capabilities from 2023 to 2028 [26] Regulatory Environment - The company believes that technological maturity will drive regulatory changes, allowing for broader deployment of autonomous vehicles [27] Team Expansion - The intelligent driving team is expected to grow significantly to support ongoing development and delivery [28][29] Vision for the Future - Zero One Auto aims to become a leading transportation robotics company within ten years, focusing on the integration of intelligent systems into heavy-duty trucks [30]

Core Viewpoint - DeepX Technology, referred to as the "Tesla of trucks," has submitted an IPO application to the Hong Kong Stock Exchange, aiming to become the first heavy-duty truck new force to list in Hong Kong. The company plans to use the net proceeds from the IPO for R&D, enhancing sales and after-sales service networks, infrastructure expansion, and general corporate purposes [1][2]. Group 1: Company Overview - Founded in December 2020, DeepX Technology focuses on the commercial application of electric and intelligent technologies in the heavy-duty truck sector, targeting the trunk road freight market, which accounts for over 50% of transportation capacity [3][4]. - The global road freight market is projected to reach $3.9 trillion by 2024, with China's new energy heavy-duty truck penetration expected to reach 53.5% by 2030, resulting in a market size of 255.8 billion yuan and a compound annual growth rate of 33.3% [2][3]. Group 2: Financial Performance - DeepX Technology has reported cumulative losses exceeding 1.7 billion yuan since its inception, with significant financial pressures evident in its income statements. The company generated revenues of 0, 426 million yuan, 1.97 billion yuan, and 1.51 billion yuan over the past three years, with gross margins significantly below traditional heavy-duty truck manufacturers [6][9]. - The company’s revenue is highly concentrated, with nearly all income derived from the sales of its new energy heavy-duty truck model, "DeepX Star," which accounted for 99.9% of revenue in 2023 [11][12]. Group 3: Operational Risks - DeepX Technology faces operational risks due to a high dependency on a single model for revenue generation and a concentrated supply chain, with 92.3% of procurement coming from the top five suppliers [11][12]. - The company has been reported to have overlapping relationships between its major customers and suppliers, which complicates its business model and raises concerns about operational independence [12][13]. Group 4: Market Competition - The competitive landscape for DeepX Technology is intensifying, with traditional OEMs transitioning to electrification and new tech companies focusing on vehicle intelligence and new energy technologies. Competitors include established heavy-duty truck manufacturers and tech-driven firms providing powertrain systems and intelligent driving solutions [13][14]. - The company must navigate challenges related to product performance, cost-effectiveness, and the infrastructure for charging and energy supply, as competition in these areas is expected to escalate [14].

今日（11月13日），A股市场收盘共106股涨停，剔除掉20只ST板块个股后86股涨停，45股封板未遂，整体封板率为 70.2%。 | | | | | | 「「月」っ日から放射手欠亚洲」 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 代码 | 简称 | 收盘价 | 换主率 | 涨停板封車 | 封車燈等 | 连板天数 | 涨停原因 | | | | (元) | (%) | (万手) | (亿元) | | | | 002709 | 天赐材料 | 47.20 | 10.02 | 12.14 | 5.73 | 1 | 电解液长单+六氟磷酸锂+司态电池+精细化工 | | 002083 | 录目股份 | 10.51 | 1.92 | 42.95 | 4.51 | 6 | 电解液添加剂+涂层材料+股权解冻+国企 | | 001277 | 速达股份 | 48.84 | 22.11 | 8.76 | 4.28 | 2 | 煤炭设备+维修再制造+海外布局+机构户数增加 | | 000407 | 胜利股份 | 5.04 | 0.93 | 76.41 | 3.85 ...

欧曼银河5M纯电重卡 精准匹配山东全域运输需求 当下，商用车新能源化进入全场景渗透的新阶段，行业急需具备技术积淀的企业引领突破，这也与物流高质量发展的绿色需求高度契 合。依托福田汽车20余年商用车技术积淀，欧曼在新能源重卡赛道持续发力，上半年销量同比激增超300%，而在10月份更是同比大涨 366%，成为推动行业转型的"增长引擎"，而山东作为华东物流枢纽核心，更是欧曼深耕区域市场的关键阵地。 2025年11月12日，以"银河新程 绿动齐鲁"为主题的欧曼银河百城千店山东区域新能源纯电牵引车上市发布会在青岛举行。活动现场， 凭借"精准适配场景、全周期运营成本低、全维度安全有保障"核心优势，欧曼银河5M纯电牵引车，一举收获208台签约订单，并顺利完 成首批交付。这不仅是欧曼深耕山东物流市场、聚焦区域场景创新的重要举措，更展现出欧曼以优质产品赋能华东物流低碳转型、助力 区域经济高质量发展的坚定立场。 尤其是青岛，坐拥"连接日韩、辐射内陆、贯通京津冀与长三角"的独特区位优势——港口物流繁忙、鲁西煤炭资源富集、胶东砂石需求 旺盛，煤炭、砂石等大宗运输场景高度集中。而山东卡友，正被两类车辆的痛点困扰：传统燃油重卡油费居高不 ...

Core Viewpoint - The GAC Lingcheng T9 electric heavy truck has officially started pre-sales, priced at 459,900 yuan, aiming to redefine value standards in the logistics industry with its long range, high safety, and excellent performance [1][12]. Group 1: Product Features - The GAC Lingcheng T9 features a "diamond-cut" design that enhances aerodynamics while showcasing a robust appearance [6]. - The truck's weight is optimized to 8.9 tons for the 400 kWh version, allowing for an additional 1 ton of cargo per trip, potentially increasing annual revenue by over 30,000 yuan for users [8]. - The vehicle is equipped with a self-developed "three-electric" system that significantly reduces energy consumption, achieving a low energy consumption rate of 1.1 kWh/km [8]. Group 2: Interior and Usability - The interior design includes a low ground clearance of 1.39 meters and a three-step design for easier access, along with a 14.6-inch touchscreen that supports smart connectivity [10]. Group 3: Pre-sale Policy - The pre-sale policy offers a "1,000 yuan deposit to offset 3,000 yuan" promotion, effectively lowering the purchase price to 439,900 yuan during the pre-sale period from November 6 to November 20 [12]. - This promotional strategy aims to reduce early decision costs for users and incentivize them to secure ownership of the flagship model [12]. Group 4: Market Impact - The launch of the GAC Lingcheng T9 represents a significant transformation in the logistics industry, providing a commercially viable solution for the increasing demands for environmental sustainability and rising operational costs [12].

Core Viewpoint - The company, DeepX Technology, has submitted its application for a mainboard listing on the Hong Kong Stock Exchange, aiming to become the first smart heavy truck stock in Hong Kong, despite revealing significant financial risks in its prospectus [1] Financial Performance - DeepX Technology experienced rapid revenue growth, with revenue increasing from 426 million to 1.969 billion in 2024, a growth rate of 362.5%. In the first half of 2025, revenue reached 1.506 billion, a year-on-year increase of 97.6% [2] - However, the company has accumulated losses exceeding 1.702 billion over three and a half years, with losses of 267 million, 389 million, and 675 million from 2022 to 2024, and an additional loss of 371 million in the first half of 2025 [2] - The gross profit margin remains extremely low, at 0.4%, 0.5%, and 2.9% for 2023, 2024, and the first half of 2025, significantly below the traditional heavy truck industry average of 10% to 15% [2] Financial Structure - The company's debt-to-asset ratio is concerning, exceeding 100% during the reporting period, with figures of 136%, 142.43%, 148.83%, and 141.3% [3] - As of June 30, 2025, current liabilities totaled 5.41 billion, while current assets were only 3.318 billion, resulting in a current ratio of 0.61 [3] - Short-term bank loans amounted to 742 million, significantly higher than cash and cash equivalents of 593 million, indicating liquidity risk [3] Business Dependency - DeepX Technology's business is heavily reliant on the sales of new energy heavy trucks, with sales revenue from this segment accounting for over 99% in 2023, 2024, and the first half of 2025 [4] - The company has only two mass-produced models, DeepX Star and DeepX Journey, with the latter starting production in May 2025, indicating a high dependency on a limited product range [4] - Customer concentration is high, with the top five customers contributing 50.7% of revenue in 2024, and the largest single customer accounting for 25.7% of revenue [4] Governance and Regulatory Concerns - The founder of DeepX Technology, Wan Jun, has connections to a financing leasing company that has recently shown risk signals, raising concerns about governance and potential regulatory scrutiny [5][6] - The company has disclosed overlapping relationships between suppliers and customers, which may lead to questions regarding the fairness of transactions [5][6] Market Outlook - The Chinese new energy heavy truck market is projected to grow significantly, with a penetration rate expected to reach 53.5% and a market size of 255.8 billion by 2030, presenting potential growth opportunities for DeepX Technology [6] - Investors are advised to closely monitor the company's ability to improve its financial situation and establish a sustainable profit model post-IPO, as maintaining self-sustaining capabilities is crucial in an uncertain market landscape [6]