EV Truck Maker Zero One Raises 925M Yuan at 7B Valuation, Submits Hong Kong IPO Application

Recently, Zero One, a Chinese autonomous electric truck manufacturer, submitted an IPO application to the Hong Kong Stock Exchange main board, with Goldman Sachs and Haitong International serving as joint sponsors. In May 2026, the company completed a 925 million yuan (approximately $128 million) funding round, valuing the company at 7 billion yuan. Investors include CATL, Temasek, Momenta, NIO Capital, and others.

Zero One has delivered over 1,000 new energy smart heavy-duty trucks cumulatively, with 1,176 units delivered in 2025 and 778 units in the first four months of 2026. The company's fleet has logged over 100 million kilometers in real-world operations. However, the company reported cumulative net losses of 636 million yuan across 2023–2025, with losses of 114 million, 241 million, and 281 million yuan respectively.