DeepWay Secures $310 Million in Pre-IPO Funding Ahead of Hong Kong Listing

DeepWay, a Hefei-based electric heavy-duty truck manufacturer, has raised $310 million in pre-IPO financing, attracting notable investments including from Australia’s NGS Super. The company has delivered 6,400 units since its inception and operates under Baidu's Apollo technology. Despite rapid growth, DeepWay is yet to achieve profitability as it prepares for a Hong Kong stock market listing.