Core Insights - DeepWay has completed a Pre-IPO financing round, raising 1.177 billion yuan, marking the largest single financing in the history of the autonomous driving new energy heavy truck sector [1] - The funds will primarily be used for the operation and development of the company's core business, reinforcing its leading position in the smart new energy heavy truck market [1] Group 1: Company Overview - DeepWay is the world's first company to create smart new energy heavy truck solutions through a forward definition approach, achieving mass delivery [3] - The company employs a dual-driven development strategy of "self-owned vehicles + self-researched intelligent driving technology," redefining product and R&D architecture outside the traditional fuel vehicle technology system [3] - As of June 2025, DeepWay has delivered approximately 6,400 new energy heavy trucks, ranking first in the global forward-defined new energy heavy truck market [3] Group 2: Development Strategy - DeepWay adopts a pragmatic and gradual development path, prioritizing resources for commercializable directions [3] - The company initially focused on creating vehicles through forward definition, achieving self-research in core components, and completing the electrification of new energy heavy trucks [3] - The strategy includes promoting the large-scale application of combined auxiliary driving systems and deploying human-machine co-driving models, laying the foundation for the eventual large-scale implementation of fully autonomous driving [3] Group 3: Commercialization and Market Focus - DeepWay is at the forefront of the commercialization of intelligent driving, having standardized the combined auxiliary driving system across its latest models, with a continuously increasing subscription rate for intelligent driving features [4] - The company focuses on the substantial fixed-route short-distance bulk transportation market within China's logistics system, which accounts for approximately 40% to 50% of total road freight demand [5] - DeepWay is accelerating the application of intelligent platooning, currently conducting tests and cargo operations in regions such as Xinjiang, Inner Mongolia, and Sichuan, with initial customer deliveries of platooning vehicles [5] Group 4: Future Outlook - With a clear strategic path, ongoing technological investment, and solid commercial progress, DeepWay is steadily advancing the implementation of autonomous driving in freight transport [5] - The company aims to continue focusing on technological and product innovation, accelerating the large-scale application of autonomous driving in road freight scenarios, and driving the industry towards a more intelligent, efficient, and green direction [5]

2020年成立之初，Pre-A轮，百度、狮桥集团。由于DeepWay原本就是百度、狮桥联合孵化的企业，其最初的启动资金也是由两家创始股东提供。 2022年8月，A轮融资4.6亿元，创下当时智能新能源卡车造车新势力最大规模融资纪录。本轮融资由启明创投领投，联想创投、光跃投资、建信信托、慕 华科创、中电基金、交银国际、华盖资本等参投。 距离IPO不远了吧。 近日，智能新能源重卡企业DeepWay深向完成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 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。 据公开资料显示，DeepWay（深向科技股份有限公司）是一家智能新能源重卡及智能公路货运解决方案科技公司，由百度与狮桥集团于2020年联合孵化。 核心管理团队中，既有来自百度自动驾驶的技术骨干，也有来自传统卡车制造业的工程师。 据天眼查信息显示，自成立以来，包括本轮在内，DeepWay先后公共完成5轮融资，投资 ...

近日，DeepWay深向完成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 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 统的规模化应用，继而推动人机共驾的编队模式的部 ...

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 ...

近日，"重卡新势力"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。 据悉，本轮融资由普华资本领投，ABC Impact、欣旺达（300207）、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，融资资金 主要用于公司主营业务运营和发展，进一步夯实在智能新能源重卡领域的领先地位。 目前，DeepWay深向已率先在全系最新车型中实现组合辅助驾驶系统标配，智驾付费订阅率持续提升。 在应用场景选择上，DeepWay深向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、内蒙古、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。 伴随着数据积累与运营经验的不断深化，DeepWay深向有望率先实现智能编队的大规模部署，并逐步向 短途及中长途场景的单车智能无人驾驶演进，持续向"工业机器人"这一长期目标迈进。 普华资本基金合伙人杨洁表示："DeepWay深向 ...

在智能驾驶商业化落地方面，DeepWay深向同样走在行业前列。目前，DeepWay深向已率先在全 系最新车型中实现组合辅助驾驶系统标配，智驾付费订阅率持续提升。这一进展得益于公司始终以市 场核心需求为导向，坚持智驾功能的实用性与经济性为第一优先级，通过高性价比方案快速实现商业 闭环。同时，大规模量产交付也为公司积累了大量真实运营场景数据，为后续无人驾驶所需的感知、 决策与控制算法提供了可复用的数据与工程基础。 据IPO早知道消息，DeepWay深向日前完成Pre-IPO轮融资，总募集金额达11.77亿元，这也是自 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。 作为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，DeepWay深向是 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 ...

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 Insights - DeepWay is set to list on the Hong Kong Stock Exchange, marking a significant milestone in its development and indicating a shift from technology validation to capital market recognition for the smart new energy heavy truck sector [1][3] - The company aims to redefine the heavy truck industry through a combination of technology, capital, and ecosystem, potentially reshaping the competitive landscape [1][3] Company Overview - DeepWay is a leading global technology company focused on new energy heavy trucks and intelligent road freight solutions, emphasizing electrification and intelligence to transition the logistics industry to a zero-carbon, efficient, and safe phase [3][4] - Unlike traditional heavy truck manufacturers, DeepWay positions itself as an "industrial robot company driven by AI," aiming to innovate and redefine heavy truck products and solutions [3][4] 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 [3][4] - The company has delivered 509, 3002, and 2873 new energy heavy trucks in 2023, 2024, and the first half of 2025, respectively, ranking first in the global forward-defined new energy heavy truck market by 2024 sales [3][4] 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 [4][9] - The global market for new energy heavy trucks is projected to grow significantly, with an expected annual sales volume of 95,500 units and a market size of $9.8 billion in 2024, potentially reaching $80.6 billion by 2030 [9][11] Technological Innovation - DeepWay's technological advancements include a fully self-developed electronic and electrical architecture, achieving high-speed communication and cost efficiency, along with a low-drag aerodynamic design for enhanced energy efficiency [5][6] - The company has developed its core "three electric" systems (battery, electric drive axle, and electric controller) through self-research, enhancing product performance and reducing reliance on external suppliers [6][12] Future Growth Potential - Future growth for DeepWay is anticipated to stem from expanding operational scenarios and ongoing technological iterations, with partnerships in mid-to-long-distance transportation already validated [12][13] - The company aims to achieve autonomous driving in freight transport, with a gradual development approach focusing on user-defined scenarios and commercial viability [12][13] Industry Context - The new energy heavy truck sector is experiencing explosive growth, with China expected to contribute 88.8% of global sales and 71.4% of revenue in 2024, indicating a rapid increase in market penetration [11][12] - DeepWay's innovative approach positions it as a key player in addressing the industry's challenges related to high carbon emissions and total cost of ownership, similar to the disruption seen in the passenger vehicle market by companies like Tesla [11][12]

Core Insights - The Chinese new energy heavy truck market has experienced explosive growth since 2025, with monthly sales exceeding 10,000 units becoming the norm. This growth has led to a polarized competitive landscape where leading companies capture an increasing market share, while other entrants face significant pressure [1][4][10]. Market Dynamics - The market share of new energy heavy truck newcomers has increased tenfold from 0.4% in 2023 to nearly 4% in the first nine months of 2024, indicating a remarkable growth rate [4][12]. - The penetration rate of new energy in the heavy truck market reached 24.21% in the first three quarters of 2025, a significant increase from 5.58% in 2023 and 13.61% in 2024, driven by a dual push from both policy and market recognition [6][12]. Technological Innovation - New energy heavy truck newcomers, such as DeepWay, are leading the industry with innovative technologies like integrated electric drive axles and distributed drive systems, which have shifted the industry focus from "oil-to-electric" to "forward design" [7][12]. - The competitive advantage of these new entrants lies in their ability to innovate, with a focus on self-research of core technologies such as electric drive axles and integrated battery systems, which are essential for the transition to smart and automated heavy trucks [12][13]. Future Outlook - The industry is expected to continue evolving towards intelligent driving and even autonomous driving, with new energy heavy trucks being positioned as the best choice for addressing high labor costs and safety issues in various operational scenarios [16][17]. - Companies like DeepWay are pioneering advanced driver-assistance systems, which not only enhance safety but also reduce operational costs, indicating a shift in customer preferences towards vehicles that offer economic and operational benefits [17][22].