DeepWay BEV Truck Secures $105M in Series B Funding for Revolutionary New Energy Heavy-Duty Truck

In an exciting development for the transportation sector, DeepWay, China's innovative force in the realm of electric trucks, has successfully secured $105 million in funding to enhance its groundbreaking operations. Jointly established by tech giant Baidu and renowned localization experts Lionbridge, DeepWay has quickly emerged as a leader among China's new generation of heavy-duty trucks. The company's flagship model, the DeepWay Star, is distinguished as the nation's first fully forward-designed intelligent new energy truck. Its advanced features—including an integrated battery and chassis layout and ultra-low wind resistance—combine to achieve remarkable energy efficiency, reducing consumption to just 130 kWh per 100 kilometers. This funding will be instrumental in facilitating further research and development efforts, expanding production capabilities, and propelling advancements in autonomous driving technologies, following DeepWay's exclusive authorization to leverage Baidu's cutting-edge autonomous technology in the commercial vehicle sector. Since its mass production commencement, DeepWay has successfully delivered over 1,500 vehicles that are already driving efficiency for major enterprises, such as CATL, Mengniu Dairy, and SF Express. This new wave of funding will not only accelerate the distribution of these innovative trucks but also enhance DeepWay's ability to compete in an ever-evolving market. With a commitment to sustainable logistics and intelligent transport solutions, DeepWay is poised to redefine the landscape of commercial transportation in China and beyond.