DeepWay Company Description
Ever seen a freight truck that thinks for itself? That’s where DeepWay Technology comes in. Launched in July 2020, this Hefei-based powerhouse is the brainchild of Baidu and Lionbridge Financial Leasing. While many truck manufacturers are still figuring out electrification, DeepWay is already onto modular hydrogen platforms and highway-ready AI brains. In just a few years, they've shifted from blueprint to delivery, shaking up China’s new-energy logistics game with their autonomous electric rigs.
Backed by Baidu: Where AI Meets Asphalt
The standout feature of DeepWay’s trucks isn’t just their battery—or even their hydrogen tanks—it’s what’s packed in the dashboard. We’re talking about Apollo: Baidu’s autonomous driving system that flexes over 500 TOPS of computing muscle. Equipped with 10 cameras, five millimeter-wave radars, and three infrared detectors, these rigs aren’t just smart—they’re situationally aware. Highway lane changes, object detection over 1 km away, sub-100ms reaction times… it’s basically Iron Man, but in 18 wheels.
- 500+ TOPS of AI processing power
- Autonomous detection range: over 1 km (0.62 miles)
- Response time: under 100 milliseconds
Meet the Xingtu: DeepWay’s Smart Hauler
Xingtu isn’t your everyday diesel brute. This is DeepWay’s flagship—a battery-swapping, hydrogen-capable, OTA-upgradable beast built to haul 49 tons with style and smarts. It went into production by mid-2023 and hit highways with deliveries to clients like XuRiDongsheng and CATL’s supply chain shortly after. By early 2025, they’d crossed borders, shipping rigs to TruKKer in the UAE. And yes, the truck looks as futuristic as it sounds—with a wind resistance coefficient of 0.35, this thing slices through the air better than some sports cars.
- Range (fully loaded): up to 300 km (186 miles)
- Wind resistance coefficient: 0.35
- Payload: up to 49 tons (108,000 lbs)
Three Power Modes, One Intelligent Platform
DeepWay doesn’t believe in single-solution propulsion. That’s why the Xingtu offers not one, not two, but three energy modes: standard fast charging, battery swapping (for reduced downtime), and hydrogen fuel systems. This modular approach allows fleets to mix-and-match powertrains depending on route, terrain, and infrastructure availability—an edge in long-haul freight logistics that are anything but one-size-fits-all.
- Hydrogen-compatible and battery-swap ready
- Fast charging available for depot hubs
- Distributed drive system with OTA updates
Production at Scale: 50,000 Units a Year and Climbing
Operating out of a massive facility in Hefei, DeepWay boasts an annual production capacity of 50,000 trucks. That's not a typo. Their ability to scale has turned heads, with aggressive delivery targets (like 1,000 units by end of 2023) being met while competitors were still testing prototypes. It's not just hype—they’re putting rubber to road at record speed.
Funding the Freight Revolution: $300M and Counting
Venture capitalists, take note: DeepWay’s fundraising game is as serious as its tech. Since 2022, they’ve raised over 2.15 billion yuan (roughly $300 million), with major players like Qiming Venture Partners, SoftBank China, and Shandong Weiqiao piling in. Series B alone pulled in 750 million yuan ($102M) to boost R&D and beef up component optimization. This isn’t just about throwing money at a trend—they’re building an ecosystem.
- Series A: $67 million (August 2022)
- Series A+: $112 million (March 2023)
- Series B: $102 million (December 2024)
Global Moves: Hello Middle East, What’s Next?
January 2025 marked DeepWay’s official debut on the international scene, with truck deliveries to UAE-based TruKKer. It’s a strategic play—the Middle East is hungry for efficient freight, and DeepWay’s hydrogen option gives them range and performance in hot climates where batteries alone struggle. As regulatory doors slowly swing open, DeepWay’s smart rigs could show up next in Europe or Southeast Asia.
Challenges on the Road Ahead
Despite the glossy milestones, DeepWay isn’t in cruise mode yet. Competition from state-backed giants like FAW Jiefang and Dongfeng is heating up. And then there’s the labyrinth of Chinese and international regulations—especially around AI and chips. Export restrictions, driverless policy hurdles, and fluctuating material costs all sit in the rearview mirror, getting closer by the day.
- Rising competition from FAW, Dongfeng, and Sany
- Chip supply and AI export regulation challenges
- Cost fluctuation in battery and hydrogen systems
Eco Goals with Engineering Muscle
With emissions rules tightening globally and fuel prices going nowhere but up, DeepWay’s trucks offer a breath of fresh air—literally. Their focus on low-carbon freight aligns with China’s goal to peak carbon emissions by 2030 and hit neutrality by 2060. Lightweight builds, hydrogen modules, and intelligent route planning help cut CO₂ without compromising delivery timelines.
- Lightweight chassis collaboration with Weiqiao Pioneering
- Supports China’s 2030–2060 sustainability goals
- Zero-emission systems for long-haul logistics
Final Gears: DeepWay Is Just Getting Started
In a sea of electric trucks, DeepWay doesn’t just float—they steer. Backed by Baidu’s brains and a wallet full of venture capital, they’re building rigs that think, adapt, and deliver. With global ambitions, proven performance, and scalable production, DeepWay isn’t just a name to watch—it’s one to follow closely. If the freight game has a future, DeepWay seems determined to drive it.
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