近日，DeepWay深向完成Pre-IPO轮融资，总募集金额达11.77亿元，为自动驾驶新能源重卡赛道历史最 大单笔融资。本轮融资由普华资本领投，ABC Impact、欣旺达、前海淏天、瀚棠置业、临沂国科、长 兴创强基金、山东国控资本、联想创投、大湾区基金、光跃投资、红山基金共同投资。本轮融资资金主 要用于集团主营业务的运营和发展，进一步夯实其在智能新能源重卡领域的领先地位。 DeepWay深向是全球首家通过正向定义打造智能新能源重卡解决方案,并实现批量交付的企业。公司坚 持正向定义理念，采用"自有车辆+自研智驾技术"一体化双轮驱动发展战略，在传统燃油车技术体系之 外重新定义产品与研发架构，使车辆硬件与智能驾驶软件在底层实现深度适配，以货运领域完全无人驾 驶为终极目标。截至2025年6月，公司已累计交付约6400台新能源重卡，在全球正向定义新能源重卡市 场排名第一。 围绕无人驾驶这一长期目标，DeepWay深向选择了务实、渐进的发展路径，将有限的资源优先配置到可 最先实现商业化落地的方向。公司成立初期，先通过正向定义打造车辆，实现三电核心零部件自研，完 成了新能源重卡的电动化革新；在此基础上推动组合辅助驾驶系 ...

贾浩楠 发自 凹非寺 量子位 | 公众号 QbitAI 被公认技术门槛高、商业化挑战大的硬核赛道，也总有玩家能够逆周期成长—— 本轮融资的投资方，包含了普华资本、ABC Impact（淡马锡旗下投资公司）、欣旺达、前海淏天、瀚棠置业、临沂国科、长兴创强基金、山 东国控资本、联想创投、大湾区基金、光跃投资、红山基金。国资、外资、产业资本齐上阵，抓紧窗口赶上了DeepWay深向上市的末班车。 融资朋友圈不断"扩容"，在DeepWay深向是常态，比如过去5年中，DeepWay深向曾在A轮融了5轮，B轮3轮……目前公开可查的金额为19.8 亿元，加上这次的11.77亿，已经超30亿。 这一方面证明了这家自动驾驶卡车公司的"抢手"程度。 5年间，DeepWay深向靠卖新能源重卡实现年营收数十亿元；加速度更加不容忽视，刚刚过去的2025年单季度交付量就超过2024全年—— 但投资人看好的，不仅是卖车的业绩，毕竟这一逻辑还无法支撑DeepWay深向 公开道路场景下的"自动驾驶卡车第一股" 的估值和潜力。 正向定义打造新能源重卡， 当年百度商用车领域唯一获授权使用百度Apollo技术 、新能源重卡三电全栈自研…… 穿透Dee ...

来源：猎云网 值得注意的是，DeepWay深向在成立之初，就获得了百度"白盒"模式的自动驾驶技术授权，这是百度在商用车领域的唯一授权，因此，其也成为"百度 Apollo X计划"的首个落地公司。Deepway深向的创始人是狮桥集团的创始人万钧，CTO田山原为百度商用车自动驾驶业务负责人。 DeepWay深向采用"自有车辆+自研智驾技术"一体化双轮驱动发展战略，在传统燃油车技术体系之外重新定义产品与研发架构，使车辆硬件与智能驾驶软件 在底层实现深度适配，以货运领域完全无人驾驶为终极目标。截至2025年6月，公司已累计交付约6400台新能源重卡，在全球正向定义新能源重卡市场排名 第一。 在应用场景选择上，DeepWay深向当前重点聚焦中国物流体系中体量庞大的固定线路短途大宗运输市场，该市场运力需求约占公路货运总量的40%至50%。 围绕这一场景，公司正在加速推进智能编队的应用，目前在新疆、内蒙、四川等客户场景进行编队测试验证和载货运营，并实现了编队车型的首批客户交 付。 1月27日，新能源重卡企业DeepWay深向宣布完成Pre-IPO轮融资，总募集金额达11.77亿元。本轮融资由普华资本领投，ABC Impac ...

近日，DeepWay深向完成Pre-IPO轮融资，总募集金额达11.77亿元，为自动驾驶新能源重卡赛道历史最 大单笔融资。本轮融资由普华资本领投，ABC Impact、欣旺达、前海淏天、瀚棠置业、临沂国科、长 兴创强基金、山东国控资本、联想创投、大湾区基金、光跃投资、红山基金共同投资。本轮融资资金主 要用于集团主营业务的运营和发展，进一步夯实其在智能新能源重卡领域的领先地位。 DeepWay深向是全球首家通过正向定义打造智能新能源重卡解决方案，并实现批量交付的企业。公司坚 持正向定义理念，采用"自有车辆+自研智驾技术"一体化双轮驱动发展战略，在传统燃油车技术体系之 外重新定义产品与研发架构，使车辆硬件与智能驾驶软件在底层实现深度适配，以货运领域完全无人驾 驶为终极目标。 ...

新能源重卡公司DeepWay深向已完成11.77亿元的Pre-IPO轮融资。本轮融资由普华资本领投，ABC Impact、欣旺达、前海淏天、瀚棠置业、临沂国科、长兴创强基金、山东国控资本、联想创投、大湾区 基金、光跃投资、红山基金共同投资。据了解，资金将主要用于集团主营业务的运营和发展。 ...

Core Insights - DeepWay has completed a Pre-IPO financing round of 1.177 billion yuan, led by PwC Capital, with participation from multiple investors [1] - The funds will primarily be used for the operation and development of the company's core business [2] - DeepWay aims to transition from policy-driven to market-driven growth in the new energy heavy truck sector, with significant market potential projected [2] Company Overview - Founded in July 2020, DeepWay's core shareholder is Baidu, with its CEO being the founder of logistics company Lion Bridge Group [2] - The company has launched three models of new energy heavy trucks and is the exclusive partner of Baidu's intelligent driving technology in the commercial vehicle sector [2] - DeepWay has completed four rounds of financing, totaling over 3.1 billion yuan [2] Market Dynamics - The new energy heavy truck market is experiencing explosive growth, with total sales reaching 231,100 units in 2025, a year-on-year increase of 182% and a market penetration rate of 28.89% [2] - Industry forecasts predict that the penetration rate of new energy heavy trucks will reach 35% by 2026 and exceed 50% by 2030, with the market size expected to surpass 250 billion yuan [2] Competitive Landscape - The industry participants are categorized into two groups: traditional companies like China National Heavy Duty Truck Group and FAW Jiefang, which are transitioning to new energy, and new energy heavy truck "new forces" like DeepWay [2] - DeepWay differentiates itself by focusing on a forward-thinking design philosophy and has achieved self-research in key components [3] Technological Advancements - DeepWay has delivered approximately 6,400 new energy heavy trucks as of June 2025 and is advancing the large-scale application of its auxiliary driving systems [3] - The company employs a subscription model for its intelligent driving services, with increasing rates of subscription for its latest models equipped with L2-level auxiliary driving hardware [3] - DeepWay is conducting tests for autonomous driving in various regions and aims for large-scale deployment of intelligent convoy systems [3] Investment Perspectives - Investors recognize DeepWay's systematic advantages in intelligent driving, emphasizing the integration of vehicle and driving technology for high reliability and safety [4] - The company is seen as a potential leader in the future of intelligent road freight due to its unique strategic path and strong technological barriers [4] - DeepWay's mission aligns with investor goals of reducing emissions and decarbonizing the freight sector through innovative electric and intelligent technologies [5]

Core Insights - The financing heat in the new energy heavy truck sector is rising, with companies like Kaven New Energy and Supao Technology securing billions in funding, indicating ongoing capital interest in the electrification of commercial vehicles [1] - The investment logic has shifted from early-stage technology concepts to a focus on commercial viability, requiring companies to demonstrate cost control, scalable delivery, and ecosystem integration capabilities [1] Financing Trends - In 2025, the total financing in the new energy heavy truck sector reached approximately 8 billion, with the top five companies capturing over 70% of this amount [2] - Kaven New Energy completed over 1.2 billion in Pre-A financing in June 2025, while Supao Technology secured over 1 billion in strategic financing, focusing on core technology development and global expansion [2] - Other notable financing includes Berai Technology's record-breaking 1 billion in the autonomous driving sector and Jiushi Intelligent's 100 million in B4 financing, highlighting the capital's recognition of technology implementation [2][3] Market Dynamics - A stark contrast exists between the financing fortunes of leading and trailing companies, with the latter facing unprecedented survival pressures and financing costs exceeding 10%, compared to 3.5%-5% for leading firms [3] - Many trailing companies are experiencing issues such as unpaid wages and team departures, indicating a rapid industry reshuffle [3] Shift in Investment Focus - The era of financing based solely on technology concepts has ended, with capital now favoring companies that have validated their business models and can demonstrate delivery capabilities [4] - Successful companies have clear paths to market and verifiable delivery results, with DeepWay and Proton Automotive exemplifying this trend through significant sales and operational achievements [4][5] Ecosystem and Global Expansion - The future of competition in the new energy heavy truck sector will hinge on technology differentiation, ecosystem building, and global market strategies [6] - Companies are expected to develop dual technology routes, such as pure electric and hydrogen, while also exploring alternative fuels like methanol [6] - Building an operational ecosystem that integrates vehicles, energy, and services will be crucial for companies to differentiate themselves in a crowded market [7] International Market Opportunities - Expanding into international markets is becoming essential for leading companies to enhance market share and brand influence, with several firms already making strides in Europe and North America [8] - However, challenges such as regulatory compliance and geopolitical factors will require companies to possess robust technology and localized operational capabilities to succeed globally [8]

Core Viewpoint - In 2025, the new energy heavy truck industry in China is experiencing significant growth, with TeBaijia Power Technology Co., Ltd. emerging as a leading supplier of power systems for new energy heavy trucks, showcasing its strong market position and innovative efforts in a competitive landscape [1]. Group 1: Market Position and Product Development - TeBaijia's drive motors are widely compatible with major brands such as FAW Liberation, China National Heavy Duty Truck Group, Dongfeng Commercial Vehicle, and Foton, with increasing market compatibility across various truck models [1]. - The company has developed a modular platform that includes new products like the central drive system for heavy trucks and electric drive bridge systems, addressing industry pain points such as weight, cost, and performance [3][5]. - TeBaijia's products are now operational in over 300 cities across China, demonstrating their reliability and efficiency in logistics, mining, and port applications [19]. Group 2: Recognition and Awards - TeBaijia's chairman, Huang Gaocheng, was awarded the "2024 Jinshan Craftsman" title for his dedication to innovation and excellence in the industry [5]. - The company received the "2025 Mechanical Industry Science and Technology Award" for its project on key technologies in new energy heavy mobile machinery, highlighting its technological advancements [11]. - TeBaijia was recognized as a "2025 ESG Model Enterprise," reflecting its commitment to sustainable development and social responsibility [13]. Group 3: Strategic Collaborations and Innovations - A strategic partnership was established with Tongji University to create a "New Energy Commercial Vehicle Powertrain Joint Laboratory," focusing on key technologies for efficiency and reliability [9]. - TeBaijia showcased its flagship products at the IATW 2025 Shanghai International Automotive Innovation Technology Week, emphasizing its innovative capabilities [15]. - The company won the "2025 Annual New Energy Heavy Truck Powertrain Innovation Award," further solidifying its position as a leader in technological innovation [21]. Group 4: Future Outlook - TeBaijia aims to continue its focus on the new energy commercial vehicle power sector, leveraging technological advancements to support China's green energy transition and achieve carbon neutrality goals [23].

Core Viewpoint - The commercial vehicle industry is rapidly transitioning to new energy, leading to intensified competition where traditional models based solely on price and capacity expansion are no longer sustainable. Companies with core technologies and clear globalization strategies, such as Speed Leopard Technology, are emerging as leaders in this environment [1][2]. Group 1: Company Strategy and Leadership - Speed Leopard Technology is a new energy heavy truck company that relies on fully self-developed technology and is advancing steadily in the domestic market while implementing a unique "dual-track empowerment" globalization strategy [2]. - The appointment of Dr. Wang Xiangyin as co-founder and Chief Marketing Officer is a significant step in enhancing Speed Leopard's global leadership team and market capabilities [3]. - Dr. Wang's extensive experience in building a global marketing network and his technical background are expected to accelerate Speed Leopard's marketing strategy and enhance its ability to adapt to different market demands [5]. Group 2: Market Performance and Product Development - In 2025, Speed Leopard Technology launched the "2025-2030 Dual-Track Empowerment Globalization Strategy Upgrade Plan," positioning itself as an "enabler" in the transition of the commercial vehicle industry towards new energy and intelligence [6]. - The flagship product, the "Speed Leopard Black King Kong" electric tractor, has received positive feedback for its performance, including strong power and low energy consumption, and has successfully entered the European market with significant orders [8][10]. - Speed Leopard's products have passed rigorous testing in Europe, overcoming common challenges faced by Chinese new energy commercial vehicles in foreign markets, with hundreds of orders secured by the end of 2025 [8]. Group 3: Ecosystem and Service Integration - Speed Leopard has established strategic partnerships with European service platforms to ensure comprehensive support for customers, including 24/7 roadside assistance and maintenance services [13]. - The integration of vehicle, ecosystem, and service solutions aims to provide optimal operational outcomes for users, aligning with the company's domestic strategy of a "one-stop customer success system" [13]. Group 4: Future Outlook and Growth Potential - Speed Leopard's unique "dual-track empowerment" strategy has laid a solid foundation for future growth, with plans to enter multiple global markets and deliver tens of thousands of vehicles and technology-enabled products by 2030 [17]. - The year 2026 is defined as a critical year for validating the product-service-financial closed-loop and establishing market share advantages in key regions [16]. - With Dr. Wang's expertise, Speed Leopard aims to strengthen its "product + ecosystem + service" model in Europe and continue building its integrated customer success system [17].

Group 1 - The "Guizhou" brand heavy truck from Guizhou Changjiang Automobile Co., Ltd. won two significant awards: the "2025 Green Heavy Truck Annual User Recommended Brand Award" and the "2025 Green Heavy Truck Annual Mountain Heavy Truck Model Award" at the 2025 Fourth China New Energy Heavy Truck Ecological Conference [1] - The award ceremony gathered over 100 core enterprises from the industry chain and more than 400 industry representatives to discuss the development trends and opportunities in the new energy heavy truck sector [1] - The market penetration rate of new energy heavy trucks is continuously increasing, leading to intensified competition [1] Group 2 - The "Guizhou" heavy truck is designed for complex mountain transportation scenarios, utilizing differentiated driving technologies that outperform industry averages in peak power and maximum climbing ability, effectively addressing safety concerns related to traditional vehicles [1] - The company employs a "one scene, one calibration" strategy for optimizing speed ratios, achieving approximately a 25% reduction in energy consumption in specific scenarios [1] - Guizhou Changjiang Automobile Co., Ltd. has established comprehensive manufacturing capabilities covering research and development, production, and service, leveraging the province's new energy vehicle industry foundation and leading R&D laboratories [1] - The products offer high discharge efficiency and low operating costs per kilometer, resulting in about 60% cost savings compared to traditional diesel vehicles, and have garnered positive user feedback across various operational scenarios [1] Group 3 - Moving forward, Guizhou Changjiang Automobile Co., Ltd. will continue to focus on the "Electric Guizhou" strategy, deepen local industrial collaboration, and concentrate on technological breakthroughs and product iterations for special scenarios [2] - The company aims to provide more reliable products, more efficient solutions, and a more comprehensive service system to help the logistics and transportation industry reduce costs and increase efficiency, contributing to the high-quality development of the new energy heavy truck industry [2]