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].

广汽领程T9纯电重卡自11月6日开启预售以来，以"价格破局者"的姿态强势搅动新能源重卡市场。据了解，广汽领程T9新车预售价45.99万元，且预售期 间（11月6日-11月20日）支付1万元定金可抵3万元购车款，实际购车成本直降至43.99万元，堪称纯电重卡行业"诚意天花板"。这一价格不仅击穿新能源重卡 价格底线，更直接杀入传统燃油重卡腹地，彻底打破"电车比油车贵"的固有认知。 数智化平台的价值不止于效率提升。通过整合生产、运输、仓储数据，广汽领程T9助力物流企业实现"吨公里"成本可视化管控，结合轻量化车身与低电 耗技术，推动行业从"规模扩张"向"精益运营"转型。广汽领程T9以数智化平台为支点，正在改写新能源重卡的技术标准与商业逻辑，为行业高质量发展注入 新动能。 即日起至11月20日，购买广汽领程T9的用户支付1万元定金即可享"1万抵3万"限时钜惠，直接锁定43.99万元超值购车价，提前锁定技术红利与长效收 益。广汽领程将按定金支付顺序优先排产，确保90天内完成交付，为您的高效物流强势赋能。 11月21日广州车展上，领程T9最终配置细节、个性化选装方案及专属服务政策将正式公布，值得期待！ 技术赋能 数智化平台 ...

Core Insights - The article emphasizes the rapid growth and opportunities in the new energy commercial vehicle market, particularly in the heavy-duty truck segment, driven by supportive government policies and increasing market demand [5][20][29]. Policy and Regulations - The National Energy Administration has released guidelines to promote the integrated development of distributed renewable energy, encouraging the construction of energy facilities in transportation hubs [7][10]. - The State Council has issued opinions to accelerate the cultivation and opening of new application scenarios, focusing on clean energy applications in various transportation sectors [11][12]. Market Insights - In the first ten months of 2025, sales of new energy heavy-duty trucks reached approximately 158,000 units, marking a year-on-year increase of 178.1% [17][20]. - XCMG regained the top position in sales, with over 25,000 units sold, reflecting a growth of 165% year-on-year [20][21]. - Deepway, a new player in the market, reported a 153% increase in sales and plans to list in Hong Kong [23][24]. Competitive Strategies - The article discusses the competitive landscape, highlighting the need for differentiated competition and the expansion of application scenarios to maintain market share [29]. - Companies are encouraged to innovate their business models and enhance service networks to improve customer experience and loyalty [29]. Company Developments - Dongfeng Motor launched a new brand and strategy for light commercial vehicles, aiming for over 60% penetration of new energy vehicles by 2030 [31][32]. - Foton Motors introduced a comprehensive product matrix aimed at global commercial vehicle markets, with a focus on new energy solutions [34]. - Zero One Automotive unveiled its electric heavy-duty truck, emphasizing its technological advantages and market positioning [36][37]. - Jianghuai Automobile released the new energy light truck Kunkun ET9, developed in collaboration with CATL, addressing performance challenges in the sector [38][39].

Core Viewpoint - SANY Heavy Truck's direct service model is highly trusted and recognized by customers, contributing to its leading position in the electric heavy truck market in South China [3][5]. Group 1: Direct Service Model - SANY Heavy Truck has initiated a nationwide "2025 Service Journey" campaign, where service engineers actively visit customers to ensure vehicle operation and gather feedback [1]. - The direct service model goes beyond vehicle maintenance, focusing on driver training and assisting customers with operational management to ensure efficient operations and cost reduction [5][12]. - Compared to traditional third-party services, SANY's direct service model eliminates intermediaries, allowing customer requests to reach the manufacturer directly for timely and professional service [5][11]. Group 2: Customer-Centric Approach - SANY Heavy Truck has established over 170 regional direct service outlets and more than 50 direct service centers nationwide, ensuring quick and effective service for customers [9][15]. - The service team is equipped with 2-3 engineers per outlet, with a service radius of less than 30 kilometers, and is supported by a central warehouse that covers over 90% of parts needs [11][15]. - The company emphasizes a seamless transition from vehicle delivery to operational support, ensuring customers have no concerns post-purchase [9][12]. Group 3: Rapid Response and Parts Supply - SANY Heavy Truck's service engineers are stationed near customer operations to provide immediate support, with response times of 5 minutes for urgent issues and 30 minutes for general faults [13][15]. - A three-tier parts supply system has been established to ensure timely availability of parts, with a rapid response mechanism in place for customer requests [15][16]. - The use of big data and AI technology allows SANY to predict potential faults and maintain adequate parts inventory, enhancing service reliability [15][16]. Group 4: Market Position and Product Development - SANY Heavy Truck has achieved the highest market share in the electric heavy truck sector in South China, attributed to its focus on safety, reliability, comfort, intelligence, and low energy consumption [3][5]. - The company has launched various electric heavy truck models tailored to different operational scenarios, continuously driving the development of the new energy heavy truck industry [16].

格隆汇新股 百度入股！安徽合肥冲出一家新能源重卡IPO，与江淮汽车合作 原创 阅读全文 ...

Core Insights - The heavy-duty truck market is experiencing significant growth driven by the rise of e-commerce, infrastructure upgrades, and the pursuit of efficiency, with global sales expected to reach 2.1 million units and $152.1 billion in revenue by 2024, and projected to grow to 2.8 million units and $249.1 billion by 2030 [1][4] - DeepXiang Technology, a leading company in the new energy heavy-duty truck sector, has submitted an IPO application to the Hong Kong Stock Exchange, aiming to capitalize on the growing market [1][4] Industry Overview - The heavy-duty truck market is essential for efficient goods transportation globally, with various applications including express delivery, port transport, and cold chain logistics [1] - The global new energy heavy-duty truck market is expected to see sales of 95,500 units and a market size of $9.8 billion in 2024, with projections to increase to 703,000 units and $80.6 billion by 2030 [5][6] Company Profile - DeepXiang Technology focuses on new energy heavy-duty trucks and has achieved commercialization since 2023, with over 99% of its revenue coming from heavy-duty truck sales [11][12] - The company has faced significant losses, totaling approximately $1.7 billion over three and a half years, as it invests heavily in R&D and technology [14][20] Market Position - DeepXiang Technology ranks tenth in global new energy heavy-duty truck sales in 2024, distinguishing itself with a focus on forward-defined models [9] - The Chinese new energy heavy-duty truck market is highly concentrated, with the top ten players accounting for over 90% of total sales [8] Financial Performance - The company reported revenues of approximately $4.26 million, $19.69 million, and $15.06 million for 2023, 2024, and the first half of 2025, respectively, while continuing to incur losses [14][15] - DeepXiang Technology's R&D expenses have been substantial, reflecting the high costs associated with developing new energy heavy-duty trucks [14][16] Future Outlook - The company plans to use funds raised from its IPO for R&D, expanding sales and service networks, and general corporate purposes, aiming to improve its market position and financial stability [18][20]

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 - Deepway is positioned as a leading player in the global new energy heavy truck market, with significant growth in revenue and delivery volumes, backed by strong capital support and strategic partnerships [2][3][18]. Company Overview - Deepway was founded in 2020 and is recognized as one of the earliest new forces in the heavy truck sector in China [5]. - The company has achieved rapid revenue growth, with projected revenues nearing 2 billion yuan in 2024 and over 1.5 billion yuan in the first half of 2025 [18]. - Deepway has delivered approximately 6,400 new energy heavy trucks to date, with a strong market presence [18]. Business Model and Strategy - The company employs a "two-phase" development strategy focusing on product market penetration and operational efficiency through smart technology [11][16]. - Deepway's first product, the "Deepway Star," was launched in 2021, and the company has seen significant delivery growth since then [11]. - The company has developed a fully self-researched electric drive system, which has led to a cost reduction of 18.7% compared to traditional fuel trucks [15][12]. Market Position and Performance - According to a report, Deepway ranks first in the global market for new energy heavy trucks defined by positive design, with a market share of 2.7% [16]. - The company is expected to continue its growth trajectory, with a focus on expanding its international presence and enhancing its smart technology offerings [24][25]. Financial Performance - Deepway's revenue structure is heavily reliant on new energy heavy truck sales, accounting for over 99% of total revenue [18]. - The company has recorded losses during its strategic investment phase, with significant investments in technology development and production capacity expansion [20][31]. - The company has raised a total of 1.96 billion yuan through multiple funding rounds, with notable investors including Baidu and various venture capital firms [31][34]. Industry Outlook - The new energy heavy truck sector is experiencing rapid growth, with global sales projected to reach 70.3 million units by 2030, and the market size expected to exceed 806 billion USD [23]. - China is leading the global transition to new energy heavy trucks, with a projected market penetration rate of 53.5% by 2030 [23]. - Deepway's strategy includes expanding into international markets, with initial exports already taking place in regions such as the Middle East and Southeast Asia [24].

Core Viewpoint - The company, DeepX Technology Co., Ltd., is pursuing an IPO on the Hong Kong Stock Exchange, aiming to become the first new force in heavy trucks listed in Hong Kong [1][5]. Company Overview - Founded in 2020 and headquartered in Hefei, Anhui, DeepX Technology focuses on intelligent logistics and commercial vehicles, providing new energy heavy trucks and smart road freight solutions [3]. - The company has attracted significant investment from notable institutions, including Baidu, which holds a 17.28% stake, making it a key strategic shareholder [3]. Financial Performance - The company has reported continuous losses, with losses of RMB 266.47 million in 2022, RMB 388.99 million in 2023, and projected losses of RMB 675.19 million in 2024, totaling approximately RMB 1.7 billion over three and a half years [10][11]. - Revenue figures show a significant increase, with projected revenues of RMB 425.64 million in 2022, RMB 1.97 billion in 2023, and RMB 762.61 million in 2024 [11]. - The gross profit margin remains low, with rates of 0.4% in 2023, 0.5% in 2024, and 2.9% in the first half of 2025, indicating high sales costs [12]. Market Position - DeepX Technology ranks tenth in the global new energy heavy truck market with a market share of 2.7%, driven by its long-range models capable of 660 kilometers [9]. - The company primarily generates revenue from new energy heavy trucks, which account for over 90% of its income, with two main models priced between RMB 470,000 and RMB 700,000 [9]. Challenges - The company faces high customer concentration risk, with revenues from the top five customers accounting for 82.5% in 2023, decreasing to 50.7% in 2024, and 51.4% in the first half of 2025 [10]. - The founder, Wan Jun, has a history of high consumption restrictions, which may raise concerns among investors [5][6]. - The company has a high debt-to-asset ratio, exceeding 100%, with liabilities growing significantly alongside assets [14]. Use of IPO Proceeds - The funds raised from the IPO are intended for research and development, enhancing sales and after-sales service networks, expanding infrastructure, and general corporate purposes [14].

Core Insights - DeepX Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, becoming the first new energy heavy truck company to seek a public listing in Hong Kong, marking a significant milestone in the integration of smart logistics and industrial intelligence [1] - The company positions itself as an "AI-driven industrial robotics company" with a mission to innovate global road freight intelligence, differentiating itself from traditional heavy truck manufacturers [3] - DeepX Technology has achieved mass delivery of smart new energy heavy trucks through integrated hardware and software development, with over 6,300 units delivered by mid-2025, leading the market share in the industry [3] Technology and Innovation - The company has developed a core system capability for smart transportation scenarios, including an electric drive platform, thermal management architecture, intelligent driving system, and operational platform, forming a complete "industrial robot base" [3] - The "Tianji·Suixing" combination auxiliary driving system is standard across all delivered vehicles, enhancing driving safety, operational efficiency, and comfort with features like predictive comfort braking and adaptive cruise control [3] - DeepX Technology has created the "Tianji·Yanxing" intelligent convoy transportation system, which has completed core function development and technical validation, and is undergoing user adaptation testing in various operational scenarios [4] Strategic Vision - The company aims to achieve unmanned freight driving, adopting a progressive development approach focused on user scenarios and commercial viability [3] - The "Tianji·Duxing" single-vehicle intelligent unmanned driving system has received testing licenses in multiple regions, including Beijing and Tianjin, and is conducting regular tests on highways [4] - DeepX Technology has developed the "DeepX·Tianshu" intelligent operation solution, creating a full-stack operational platform for smart commercial vehicles, addressing key customer needs in safety management, cost management, and efficient operations [4] Market Position - The company's strategic blueprint includes breaking traditional fuel vehicle constraints, building technical barriers with a fully self-developed "three electric" system, and validating technology adaptability through global expansion [4] - As the first stock of the "new energy heavy truck new force," DeepX Technology's path to listing is highly anticipated amid the accelerating development of the new energy heavy truck industry [4]