Core Viewpoint - DeepWay is positioning itself as a leader in the electric and intelligent logistics sector, aiming to transform the global road freight industry towards zero carbon emissions, efficiency, and safety through innovative technologies [2][18]. Group 1: Company Overview - DeepWay was established in 2021, focusing on the new energy heavy truck sector, and aims to redefine freight paradigms by integrating electric and intelligent technologies [3][4]. - The company has developed a "three-step" strategic blueprint: focusing on electrification, scaling globally, and achieving full intelligence in logistics [3][4]. Group 2: Technological Innovations - DeepWay adopts a "positive definition" approach, designing vehicles from the ground up for electric drive, which allows for significant performance improvements over traditional fuel and converted electric trucks [4][9]. - The company has achieved a reduction in the total lifecycle cost of its heavy trucks by 18.7% compared to traditional fuel trucks and 4.9% compared to converted electric trucks [4]. - DeepWay's self-developed "three electric" systems (battery, electric drive, and electric control) account for over 60% of the total vehicle cost, enabling better cost control and performance [7][9]. Group 3: Market Position and Growth - The new energy heavy truck market is rapidly growing, with DeepWay capturing a significant market share, reaching nearly 25% by September 2025, up from 13.61% in 2024 [15][16]. - DeepWay is ranked first in the global market for positively defined new energy heavy trucks based on 2024 sales [15]. - The company has established a strong presence in international markets, including Thailand, Malaysia, Australia, New Zealand, and the UAE, by localizing its products to meet specific regional needs [16][17]. Group 4: Future Outlook - The global new energy heavy truck market is projected to grow from $9.8 billion in 2024 to $80.6 billion by 2030, with DeepWay expected to leverage its technological advantages to dominate this emerging market [21]. - DeepWay's listing on the Hong Kong Stock Exchange is seen as a significant milestone, reflecting the capital market's recognition of the new energy commercial vehicle sector and setting a benchmark for innovation in the industry [19][20].

Core Viewpoint - Deepway is positioned as a leader in the global new energy heavy truck market, emphasizing its unique approach to product design and technology development to address industry challenges and enhance operational efficiency [2][3][9]. Company Overview - Deepway Technology Co., Ltd. was established in 2020 and focuses on new energy heavy trucks and intelligent road freight solutions, aiming for a zero-carbon, efficient, and safe logistics future [3]. - The company adopts a "positive definition" approach, being the first globally to achieve mass delivery of intelligent new energy heavy trucks using this method [3][4]. Product and Technology - Unlike traditional fuel vehicles, Deepway redefines product design and technology to optimize hardware and software, resulting in a significant reduction in lifecycle costs—18.7% lower than traditional fuel trucks and 4.9% lower than converted electric trucks [4][6]. - Deepway has achieved full-stack self-research on the core three-electric systems of new energy heavy trucks, allowing for rapid product iteration and cost reduction [6]. Market Position and Performance - As of June 30, 2025, Deepway has delivered approximately 6,400 new energy heavy trucks, with 2,873 units delivered in the first half of 2023, nearing the projected total for 2024 [7]. - According to market data, Deepway holds a 2.7% market share in the global new energy heavy truck market and ranks first in the positive definition segment [9]. Financial Performance - Revenue figures for Deepway from 2022 to 2024 are projected at 0, 426 million, and 1.967 billion yuan, respectively, with a year-on-year growth of 362.5% expected in 2024 [12]. - The company has secured investments from notable institutions and plans to use IPO proceeds to enhance core technology development, expand sales networks, and build infrastructure [12].

Core Viewpoint - DeepWay, a leading technology company in the field of new energy heavy trucks and intelligent road freight solutions, has submitted its IPO application to the Hong Kong Stock Exchange, marking it as the first new force in heavy trucks to do so in China [1][4]. Company Overview - DeepWay was established in 2020 and focuses on providing new energy heavy trucks and intelligent road freight solutions tailored to various highway freight scenarios [4]. - The company adopts a "forward definition" approach, breaking away from traditional fuel vehicle frameworks to redefine the design and structure of electric heavy trucks [4][5]. Technological Innovations - DeepWay has introduced several innovative solutions, including an integrated battery chassis design and a streamlined, low-drag body, which significantly reduce energy consumption and enhance safety [4][5]. - The company aims to achieve self-research and development of its three-electric system by 2025, which is expected to lower manufacturing costs and improve gross margins [8][11]. Market Performance - DeepWay has shown impressive growth, with revenues of 426 million yuan in 2023, projected to reach 1.969 billion yuan in 2024, and 1.506 billion yuan in the first half of 2025 [10]. - The company has delivered approximately 6,400 vehicles since its inception, with a significant increase in delivery volume from 509 units in 2023 to 2,873 units in the first half of 2025 [10]. Strategic Expansion - DeepWay is actively expanding its market presence in the Asia-Pacific region, Australia, New Zealand, and the Middle East, while also establishing sales channels in countries like Singapore, Thailand, and Australia [12]. - The company benefits from strong backing from major shareholders, including Baidu and Weiqiao, which enhances its competitive edge and operational capabilities [12]. Industry Trends - The new energy heavy truck market in China is experiencing rapid growth, with a total sales volume of 119,600 units from January to September 2023, reflecting a year-on-year increase of 198% [13]. - The penetration rate of new energy heavy trucks is expected to rise significantly, with projections indicating a market size of 255.8 billion yuan by 2030 and a compound annual growth rate of 33.3% [13].

Core Viewpoint - DeepWay has officially submitted its IPO application to the Hong Kong Stock Exchange, becoming the first heavy-duty electric truck company in China to do so, with plans to use the funds for technology development, sales network expansion, and infrastructure growth [1][2]. Company Overview - Founded in 2020, DeepWay focuses on creating intelligent electric heavy-duty trucks and solutions tailored for various road freight scenarios, breaking away from traditional "oil-to-electric" models [2][3]. - The company has developed innovative technologies such as integrated battery chassis and distributed drive systems, significantly improving energy efficiency and safety [3][4]. Technological Advantages - DeepWay's integrated chassis and battery design enhance cargo volume by 9.6%, while its distributed drive system increases energy conversion efficiency by 14%, expanding the application of electric trucks in long-haul transport [3][4]. - The company aims to achieve self-research and development of its three electric systems by 2025, which will lower costs and improve profit margins [3][6]. Market Performance - DeepWay's revenue has shown significant growth, with projected revenues of 4.26 billion yuan in 2023, 19.69 billion yuan in 2024, and 15.06 billion yuan in the first half of 2025, primarily from electric truck sales [6][7]. - The company has expanded its customer base, adding 187 new clients in 2024 and 92 in the first half of 2025, with total deliveries reaching approximately 6,400 trucks [6][7]. Strategic Initiatives - DeepWay is constructing a smart factory in Huzhou, which is expected to produce enough components for about 50,000 vehicles annually, aiming to reduce manufacturing costs significantly [7][8]. - The company is also focusing on expanding its presence in international markets, establishing sales networks in countries like Singapore, Thailand, and Australia [8][9]. Industry Trends - The electric heavy-duty truck market in China is experiencing rapid growth, with a reported 198% year-on-year increase in sales, indicating a shift from policy-driven to market-driven growth [9][10]. - The penetration rate of electric trucks is expected to rise significantly, supported by decreasing battery prices and improved operational efficiencies [10][11]. Future Outlook - By 2030, the penetration rate of electric heavy-duty trucks in China is projected to reach 53.5%, with a market size of 255.8 billion yuan, reflecting a compound annual growth rate of 33.3% [11][12]. - DeepWay plans to continue product iteration and expand its offerings to meet diverse customer needs across various freight scenarios, solidifying its market position [11][12].

Core Viewpoint - DeepWay has officially submitted its IPO application to the Hong Kong Stock Exchange, becoming the first heavy-duty electric truck company in China to do so, with plans to use the raised funds for technology development, sales network expansion, and infrastructure growth [1][2]. Company Overview - DeepWay was established in 2020 and focuses on creating intelligent electric heavy-duty trucks and smart road freight solutions, breaking away from traditional fuel truck frameworks [2][3]. - The company has developed innovative solutions such as integrated battery chassis, streamlined aerodynamics, and distributed drive systems, significantly reducing energy consumption and enhancing safety [2][4]. Financial Performance - DeepWay's projected revenues are 426 million yuan in 2023, 1.969 billion yuan in 2024, and 1.506 billion yuan in the first half of 2025, with over 90% of revenue coming from electric truck sales [4][5]. - The company has seen a substantial increase in delivery volume, from 509 units in 2023 to 2,873 units in the first half of 2025, totaling approximately 6,400 units delivered [4][5]. Technological Development - DeepWay aims to achieve full autonomous driving through a gradual approach, focusing on practical and economically viable intelligent driving features [3][6]. - The company plans to develop its own three-electric system by 2025 to reduce costs and dependency on suppliers, enhancing its competitive edge [2][5]. Market Trends - The electric heavy-duty truck market in China is experiencing rapid growth, with a 198% year-on-year increase in sales, indicating a shift from policy-driven to market-driven growth [7][8]. - By 2030, the penetration rate of electric heavy-duty trucks in China is expected to reach 53.5%, with a market size of 255.8 billion yuan, reflecting a compound annual growth rate of 33.3% [8][9]. Strategic Expansion - DeepWay is actively expanding its presence in international markets, establishing sales networks in countries like Singapore, Thailand, and Australia, and is focused on obtaining global certifications [5][6]. - The company is also enhancing its product offerings to cater to various operational scenarios, including different climate conditions and transportation needs [8][9].

Core Viewpoint - DeepWay is a leading technology company in the global new energy heavy truck and intelligent road freight solutions sector, focusing on electrification and intelligence to drive the logistics industry towards a zero-carbon, efficient, and safe future [1][2] Group 1: Business Growth and Financials - DeepWay's revenue for 2023, 2024, and the first half of 2025 is projected to be 426 million yuan, 1.969 billion yuan, and 1.506 billion yuan respectively [1] - As of June 30, 2025, DeepWay has delivered approximately 6,400 new energy heavy trucks and has around 1,400 units in hand orders [1] Group 2: Product Innovation and Technology - DeepWay has redefined product design and technology development by creating a new vehicle architecture that efficiently adapts to electrification and intelligence, addressing the pain points of the traditional freight industry [2] - The company has developed a proprietary electronic and electrical architecture that enhances control efficiency and reduces costs and failure rates [2] - DeepWay's innovative design includes a streamlined cab for lower wind resistance and energy consumption, and a unique integrated chassis and battery swap solution that increases cargo volume by 9.6% compared to traditional models [2] Group 3: Market Position and Competitive Advantage - DeepWay is the first company globally to achieve mass delivery of intelligent new energy heavy trucks using a forward-defined approach, ranking first in the global market for forward-defined new energy heavy trucks based on 2024 sales [2] - As of December 31, 2024, DeepWay is the only company to have mass-produced and delivered heavy trucks equipped with Advanced Driver Assistance Systems (ADAS) [3] Group 4: Intelligent Solutions and Operations - DeepWay has developed the Tianji Intelligent Driving Matrix, which covers various driving scenarios including assisted driving, platooning, and autonomous driving, catering to diverse logistics needs [3] - The Tianji·Suixing system, designed for road freight, includes features like collision warning and automatic emergency braking to enhance safety [3] - The company has also created the DeepWay Tian Shu system, integrating smart cockpit, intelligent operation platform, and vehicle networking architecture to improve safety monitoring, cost management, and operational efficiency [3] Group 5: Fundraising and Future Plans - The funds raised from the upcoming Hong Kong IPO will be allocated to research and development, enhancing sales and service network coverage, infrastructure expansion, operational funding, and general corporate purposes [4]

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].