www.bloomberg.com
DeepWay Technology Co., a Chinese firm specializing in heavy-duty trucking technology, has raised approximately 1.2 billion yuan ($173 million) in a funding round. This capital raise precedes the company’s planned initial public offering (IPO) on the Hong Kong stock exchange. The significant funding underscores investor interest in logistics and autonomous driving technologies within China’s commercial vehicle sector as DeepWay prepares to enter the public markets.
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