DeepWay, a new energy self-driving heavy truck company, has announced that it had completed a Pre-IPO financing round, locking up  1.177 billion yuan (about US$167 million) . This round was led by Puhua Capital, with investments from ABC Impact, Sunwoda, Qianhai Haotian, Hantang Real Estate and other investors. The funds will be mainly used for the operation and development of the company's main business. DeepWay, founded in July 2020, is backed by Baidu. The company has launched three new energy heavy truck products: Xingchen 1, Xingchen 2, and Xingtu. DeepWay is the only partner of Baidu's intelligent driving assistance technology in the commercial vehicle field. As of now, DeepWay has completed four rounds of financing, with the total amount exceeding 3.1 billion yuan. (Note: 1 US$ equals 7 Chinese yuan.)