In June 2026, the Hurun Research Institute released its 8th Global Unicorn Index. ZERON, a company focused on the new energy intelligent heavy truck sector, was ranked 1,279th globally with a valuation of RMB 6.8 billion, securing its place among the world's premier unlisted tech innovators.

　　Since the beginning of 2026, six companies in the new energy commercial vehicle industrial chain have filed for IPOs in quick succession, including ZERON.

　　Founded just four years ago, ZERON has not only rapidly expanded its domestic market presence but has also become a favorite among investors, securing nearly USD 400 million in financing over the past three months. On May 28, ZERON officially submitted its listing application to the Hong Kong Stock Exchange.

　　ZERON's inclusion on the Hurun Global Unicorn List further demonstrates that, within the capital market's evaluation system, it possesses genuine and substantial "intrinsic value."

I. The Intrinsic Value of the Founding Team

　　CEO Huang Zehui, formerly of TuSimple, leads the company's core autonomous driving technology. President Zhang Hongsong, with 30 years of experience in complete vehicle R&D and manufacturing management, previously served as GM of SANY Heavy Truck and VP of Foton Daimler. COO Zhang Wei has held key positions including VP of Foton Group and Executive Director of SINOTRUK, bringing expertise in channel development and major client operations. Together, they form a complete loop from R&D and production to market expansion.

II. The Intrinsic Value of Self-Developed Products

　　ZERON is committed to full-stack self-development and forward design. Its Jushi 2.0 four-in-one e-axle achieves efficiency of over 94%, and its dual e-axle setup delivers over 1,000 horsepower. The "Jingzhe Leizhenzi" is designed for heavy-load operations in the mountainous regions of Yunnan, Guizhou, and Sichuan, while the "Xiaoman Haoyunlai Pro" targets composite transport needs for materials like aggregates and steel. Both models are continuously improved through extensive real-world operational data to enhance scenario adaptability.

III. The Intrinsic Value of Autonomous Driving Technology

　　ZERON has developed the industry's first multi-modal autonomous driving model for heavy trucks, the ZSD. Using an end-to-end design and powered by a dual-engine approach of "data-driven + knowledge-driven," the model possesses human-like cognitive abilities to efficiently address the long-tail challenges of autonomous driving, paving the way for large-scale deployment of advanced intelligent solutions.

IV. The Intrinsic Value of the Sales Network

　　ZERON has opted for a distribution model that builds long-term value, strengthening localized services and channel collaboration. By the end of 2025, its dealer network had expanded to 98 outlets to support large-scale deliveries.

　　If these were not the "intrinsic values" that industry giants like CATL, Zijin Mining Group, and Shandong Energy Group saw, they would not have invested substantial capital in ZERON. Their intent is clear: to leverage ZERON to complete a commercial loop integrating batteries, energy, mining, and scenario-specific resources.

　　Recently, 11 government ministries jointly issued the "Implementation Plan for Promoting the Large-Scale Application of New Energy Heavy Trucks," which sets clear targets for 2030: achieving a 40% penetration rate for new energy heavy trucks, exceeding 1.6 million units in total ownership, and over 80% electrification for short-haul transport in key regions. This policy creates a significant growth opportunity for the new energy heavy truck market.

　　Timing is crucial. With the "right time" for new energy development in the heavy truck industry now here, ZERON's internal conditions are maturing. Combining strengths in personnel, technology, products, network, capital, and shareholder backing, ZERON has achieved a nearly 450-fold revenue increase over two years. It delivered over 1,000 units in 2025 and saw a 335% year-on-year growth in the first four months of this year. This near-perfect growth trajectory positions ZERON for a promising future worth watching.