- Zeron generated 522 million yuan in revenue in 2025 and achieved positive operating cash flow in the fourth quarter of 2025. - Zeron focuses on new-energy smart heavy-duty trucks, with proprietary autonomous driving technology aimed at significantly reducing costs and boosting efficiency. Zeron, a Chinese electric heavy-duty truck startup, has filed for an initial public offering (IPO) in Hong Kong, marking an accelerated push into global capital markets just four years after its founding. Dubbed the Tesla (NASDAQ: TSLA) of trucks in China, Zeron submitted its listing application on May 28 to trade on the Hong Kong stock exchange's main board, according to a filing on the bourse's website. The company was founded in June 2022 by Huang Zehua, a former co-founder of TuSimple, with the ambition of pioneering a new era of global highway transportation robots. The filing follows a flurry of major capital injections in March and May this year. The company completed a 1.2 billion yuan ($177.2 million) funding round in March. Combined with its recent Series B2 round, its cumulative financing over the past two months has reached $400 million. The startup boasts a formidable lineup of investors, gathering top-tier industrial and international capital. Prominent backers including CATL, Temasek, Momenta, Nio Capital, Zijin Mining, and Moutai Investment participated in its recent funding rounds. The addition of industrial capital will propel Zeron's business expansion in core scenarios such as mining transportation and industrial logistics. Meanwhile, the participation of international capital reflects sustained global investor interest in China's autonomous driving industry. Zeron is the world's first company to possess both vertical integration capabilities for smart heavy trucks and end-to-end autonomous driving technology, according to its prospectus. Its autonomous driving system is the industry's first end-to-end multimodal large language model for autonomous driving. The system enables full-process automation