DeepWay completes RMB 750 million Series B financing

DeepWay announced the completion of its Series B financing, with a total fundraising amount of RMB 750 million. This round of financing was jointly led by Zhongan Capital and Puhua Capital, and old shareholder Jianxin Trust continued to make additional investments. The Greater Bay Area Fund, Hefei Industrial Investment, and Feixi Industrial Investment participated in the follow-up investment, jointly injecting strong momentum into the future development of DeepWay. The funds raised will be mainly used to promote DeepWay's heavy-duty trucks to accelerate the research and development and mass production of electrification and intelligent technologies in Hefei, while strengthening the layout of key parts industries in Changxing, Zhejiang. After more than a year of accumulation, the cumulative operating mileage of DeepWay's heavy-duty trucks has exceeded 100 million kilometers.