The new - energy heavy - truck enterprise DeepWay recently made an announcement that it has successfully wrapped up a Pre - IPO round of financing, with the total amount reaching 1.177 billion yuan. Since its inception in 2020, the company has been on a remarkable growth trajectory.

The company's Chairman and CEO, Wan Jun, is the brain behind Lionbridge Group. Meanwhile, Baidu holds a significant position as its core shareholder and strategic partner. Prior to this, DeepWay had publicly revealed that it had completed 11 rounds of financing. This latest round has managed to draw in a number of new investors.

As indicated in the prospectus, from 2023 to the first half of 2025, DeepWay has witnessed a consistent rise in both its delivery volumes and revenue. However, it's worth noting that the company's main revenue stream comes from the sales of new - energy heavy trucks. Since its intelligent freight solutions haven't started generating revenue yet, the company is still operating at a loss.

Despite this, its products and business model have continued to win the favor of the capital market. From a technological perspective, DeepWay has secured the authorization to use Baidu's 'white box' autonomous driving technology. It has also mapped out a progressive technology development path, starting from electrification, moving on to L2 assisted driving, then to intelligent platooning, and finally aiming for single - vehicle autonomous driving. Additionally, it adopts a 'forward - definition' product development strategy.

At present, the company has achieved an L2 commercial closed loop, with a paid subscription rate surpassing 30%. It is now making strides towards the implementation of L4 autonomous driving platooning.