Baidu-backed EV truck maker DeepWay files for Hong Kong IPO
DeepWay delivered 8,020 trucks in 2025, ranking ninth in China’s new energy heavy-duty truck market. Its revenue doubled to nearly 4 billion yuan in 2025, but the company remains unprofitable due to high R&D spending. (Image credit: DeepWay) Baidu-backed electric truck maker DeepWay has filed for a Hong Kong initial public offering, planning to raise…