In June 2026, the Hurun Research Institute released its eighth Global Unicorn Index. Zero One Auto, focused on the new energy intelligent heavy truck sector, made the list with a valuation of RMB 6.8 billion, ranking 1,279th globally — joining the ranks of the world's top unlisted tech innovators.

　　Since early 2026, six companies in the new energy commercial vehicle supply chain have filed for IPOs. Zero One Auto is among them.

　　In just four years since its founding, Zero One Auto has not only rapidly captured market share in China but has also become a favorite among investors, raising nearly $400 million over the past three months alone. The company officially submitted its Hong Kong IPO application on May 28.

　　Zero One Auto's inclusion in the Hurun Global Unicorn Index further confirms that, in the eyes of capital, the company possesses genuine, tangible "substance."

I. The Substance of the Founding Team

　　CEO Huang Zehuan, formerly of TuSimple, leads core autonomous driving technology development. President Zhang Hongsong, former General Manager of Sany Heavy Truck and Vice President of Foton Daimler, brings 30 years of deep expertise in vehicle R&D and manufacturing management. COO Zhang Wei, formerly Vice President of Foton Group and Executive Director of Sinotruk, has extensive experience in channel development and key account management. Together, the trio forms a closed loop spanning R&D, production, and market expansion.

II. The Substance of In-House Product Development

　　Zero One is committed to full-stack, ground-up R&D. The Jushi 2.0 four-in-one e-axle achieves efficiency of over 94%, with dual e-axles delivering over 1,000 hp. The "Jingzhe·Leizhenzi" is designed for heavy-load operations in the mountainous terrain of Yunnan, Guizhou, and Sichuan, while the "Xiaoman·Haoyunlai Pro" targets complex transport needs including sand, gravel, and steel. Continuous iteration is driven by real-world operating data from a large fleet of vehicles, further enhancing scenario-specific adaptability.

III. The Substance of Autonomous Driving Technology

　　Zero One has developed the industry's first multimodal large model for heavy truck autonomous driving, ZSD. Built on an end-to-end architecture and driven by dual engines — data-driven and knowledge-driven learning — the model exhibits human-like cognitive capabilities, effectively tackling the long-tail challenges of autonomous driving and laying the foundation for large-scale deployment of advanced intelligent solutions.

IV. The Substance of the Sales and Service Network

　　Zero One has chosen to focus on a distribution model that delivers long-term value, strengthening localized services and channel coordination. By the end of 2025, its dealer network had expanded to 98 locations, supporting large-scale delivery capabilities.

　　If not for this tangible "substance," why would industry and state-owned giants like CATL, Zijin Mining, and Shandong Energy have invested significant capital in Zero One Auto? The intent is clear: to leverage Zero One Auto as the conduit to close the commercial loop connecting batteries, energy, mining, and application scenarios.

　　Recently, 11 government departments jointly issued the "Implementation Plan for Promoting the Large-Scale Application of New Energy Heavy Trucks," setting clear targets for 2030: new energy heavy truck penetration reaching 40%, total ownership exceeding 1.6 million units, and electrification of fixed-route short-haul transport in key regions surpassing 80%. The new energy heavy truck market is poised for explosive growth.

　　Timing is everything! The heavy truck industry has entered a "golden window" for new energy development, and Zero One Auto's fundamentals are increasingly solid. Across talent, technology, products, network, capital, and shareholder backing, the company has assembled multiple advantages. Its revenue has grown nearly 450-fold in just two years, with 2025 deliveries exceeding 1,000 units and 335% year-on-year growth in the first four months of this year. With such exceptional growth momentum, its future performance is well worth following.