Automatic driving new energy heavy truck track's largest single financing is here! DeepWay successfully completed a pre-IPO round of financing totaling 1.177 billion yuan.

Recently, DeepWay has completed its Pre-IPO round of financing, raising a total amount of 1.177 billion yuan, marking the largest single financing in the history of the autonomous driving new energy heavy truck sector. This round of financing was led by Puhua Capital, with investments from ABC Impact, Sunwoda Electronic, Qianhai Haotian, Hantang Real Estate, Linyi Guoke, Changxing Chuangqiang Fund, Shandong Guokong Capital, Lenovo Venture Capital, Greater Bay Area Fund, Guangyue Investment, and Hongshan Fund. The funds raised in this round will mainly be used for the operation and development of the group's main business, further solidifying its leading position in the intelligent new energy heavy truck field. DeepWay is the world's first company to create intelligent new energy heavy truck solutions through positive definition and achieve mass delivery. The company adheres to the concept of positive definition, adopting a dual-wheel drive development strategy of "self-owned vehicles + self-developed intelligent driving technology". It redefines product and research and development architecture beyond the traditional fuel vehicle technology system, achieving deep integration of vehicle hardware and intelligent driving software at the bottom layer to ultimately achieve fully autonomous driving in the freight sector. As of June 2025, the company has delivered approximately 6,400 new energy heavy trucks, ranking first in the global positive definition new energy heavy truck market. In order to achieve its long-term goal of unmanned driving, DeepWay has chosen a pragmatic and incremental development path, prioritizing limited resources to directions that can achieve commercialization first. In the early stages of the company's establishment, it first created vehicles through positive definition, achieved self-research of core components of the three-electric system, and completed the electrification innovation of new energy heavy trucks. Building on this foundation, the company has promoted the large-scale application of combined assisted driving systems, and further promoted the deployment of the human-machine co-driving formation mode, achieving a positive commercial cycle of "laying eggs along the way", laying the foundation for the large-scale realization of unmanned driving for single vehicles. This gradual path allows the company to balance between technological feasibility and commercial sustainability, forming a differentiated development path in the field of commercial vehicle autonomous driving. In terms of commercialization of intelligent driving, DeepWay is also at the forefront of the industry. Currently, the company has become the first to standardize the combined assisted driving system in its latest models, with the subscription rate of intelligent driving continuously increasing. This progress is due to the company's focus on market core needs, prioritizing the practicality and economy of intelligent driving functions as the top priority, and quickly achieving commercial closure through high-performance cost-effective solutions. At the same time, large-scale production and delivery have also accumulated a large amount of real operational data for the company, providing reusable data and engineering foundations for the perception, decision-making, and control algorithms required for subsequent unmanned driving. In terms of application scenario selection, DeepWay currently focuses on the large-volume fixed route short-distance bulk transportation market in the Chinese logistics system, which accounts for about 40%-50% of the total road freight volume. Around this scenario, the company is accelerating the application of intelligent formation, currently conducting formation testing and verification and cargo operations in customer scenarios in Xinjiang, Inner Mongolia, Sichuan, and has achieved the first batch delivery of formation models. With the deepening accumulation of data and operational experience, DeepWay is expected to be the first to achieve the large-scale deployment of intelligent formation, and gradually evolve towards the single vehicle intelligent unmanned driving in short and medium-distance scenarios, steadily advancing towards the long-term goal of "industrial Siasun Robot&Automation". With a clear strategic path, continuous technological investment, and solid progress in commercialization, DeepWay is steadily advancing the landing process of freight automatic driving. In the future, the company will continue to focus on technological and product innovation, accelerate the large-scale application of automatic driving in road freight scenarios, and promote the industry towards a more intelligent, efficient, and green direction. Investor perspectives: Yang Jie, Partner of Puhua Capital Fund, said, "DeepWay has built a systematic advantage in the field of intelligent driving that is currently difficult to replicate. The integrated development model of vehicles and intelligent driving technology achieves deep coordination between hardware and software and data loop. This not only guarantees the high reliability and safety of the intelligent driving system, but also leads the industry in engineering landing and iteration efficiency. The company's practical and clear path from electrification to intelligence, from L2 to L4, and the large-scale application of assisted driving has laid a solid foundation in data, engineering landing, and other aspects for the large-scale implementation of advanced automatic driving. We are optimistic about the company's technological barriers and practical experience accumulated in the fields of vehicle electrification and intelligence, and believe that DeepWay will become a leader in future intelligent highway freight transportation with its unique strategic path and deep hardware and software moat." Chen Shaoming, Chief Investment Officer of ABC Impact, said, "DeepWay's mission is highly aligned with our investment philosophy. By promoting electrification and intelligence technologies, the company is driving the replacement of high-emission fuel trucks, providing a potential solution for emission reduction and decarbonization in the Chinese road freight sector. We are optimistic about DeepWay's capabilities in technological innovation and commercial advancement, and we look forward to constructive cooperation with the company in governance and long-term value creation." ABC Impact is an influential investment fund under Temasek Trust, with limited partners including Temasek and the Asian Development Bank, among others. Zeng Li, Secretary of the Board of Directors of Sunwoda Electronic, said, "As an industry investor, we recognize the positive role that DeepWay plays in promoting industrial development and transformation. The smart new energy heavy trucks created by the company solve the core pain points of cost reduction and efficiency improvement in the logistics industry with significant advantages in the vehicle's overall life cycle costs and safety, gaining increasing recognition from more customers. DeepWay not only promotes technological innovation in the industry but also leads the efficiency revolution in the entire road freight ecosystem. In the future, we look forward to working with DeepWay to accelerate the large-scale application of intelligent new energy heavy trucks in various freight scenarios."