Chinese autonomous driving tech company Momenta makes investment in electric heavy haulage firm Zeron
China's Electric Heavy-Duty Truck Market Surges Ahead
The electric heavy-duty truck market in China is experiencing a significant surge, with annual sales reaching around 20,000 units and accounting for 8.9% of new heavy-duty truck sales as of mid-2025 [1][3]. This growth is driven by government subsidies, cheap electricity, and an expanding charging infrastructure [3].
One of the key players pushing innovation and market expansion in this sector is Zeron Truck, a domestic startup focused on electric heavy-duty trucks. The company, backed by Momenta, a leading Chinese smart driving startup, recently secured a successful Series A financing round worth RMB 500 million ($70 million) [2]. This investment marks Momenta’s strategic expansion into the electric heavy-duty truck sector from its previous focus on passenger vehicles and autonomous driving technologies.
Zeron Truck's first generation of intelligent heavy-duty trucks, Jingzhe and our X (Twitter) profileiaoman, have completed nearly 700 deliveries and exceeded 25 million kilometers of total operating mileage [1]. The trucks, with a power output of up to 860 horsepower, exceed the 600 horsepower of most traditional fuel-powered heavy-duty trucks [1].
The company has assembled a team of over 200 people focused on intelligent electric heavy-duty truck technologies [1]. Zeron Truck has also announced a target of delivering 1,500 heavy-duty trucks this year [1].
Momenta's CEO, Cao Xudong, has expressed confidence in Zeron due to his long-standing relationship with Huang and Huang's focus on advanced technologies and respect for science and technology [1]. This collaboration could accelerate innovation and deployment in the electric heavy-duty truck segment.
CATL, a Chinese battery giant, has launched a standardized battery swap battery pack for heavy-duty trucks, named "75#" [1]. The company, with this move, is seeking to capitalize on the rapid development of the heavy-duty truck sector.
Analysts forecast that 16% of heavy trucks sold in China will be electric by 2025 [1]. This electrification trend is reducing diesel fuel demand for heavy transport, reshaping China’s energy consumption landscape [1][2][3].
The heavy-duty truck sector is a new focus in China's automotive industry [1]. The sector's electrification is expected to continue, with CATL chairman and CEO Robin Zeng predicting electrification rates in the heavy-duty truck industry could potentially reach 50% over the next three years [1].
Zeron Truck was founded by Huang Zhehua and Zhang Hongsong, former co-founder of autonomous truck company TuSimple and former general manager of Sany Truck, respectively [1]. This dynamic market remains ripe for significant government and private sector investment, suggesting continued acceleration of electric heavy-duty truck adoption in China over the coming years.
[1] Xinhua News Agency [2] TechCrunch [3] Forbes China [4] China Daily
- Zeron Truck, a Chinese startup specializing in electric heavy-duty trucks, recently secured a Series A financing round worth RMB 500 million ($70 million), attracting investment from Momenta, a prominent automotive technology company focused on passenger vehicles and autonomous driving technologies.
- The first generation of intelligent heavy-duty trucks by Zeron Truck, Jingzhe and X, have made nearly 700 deliveries and surpassed 25 million kilometers of total operating mileage.
- The electric heavy-duty truck market in China is expected to continue its growth trajectory, with 16% of heavy trucks sold in China predicted to be electric by 2025, according to analysts.
- China's battery giant, CATL, has introduced a standardized battery swap battery pack for heavy-duty trucks named "75#," a move aimed at capitalizing on the rapid development of the heavy-duty truck sector.
- With an annual sales target of 1,500 heavy-duty trucks, Zeron Truck is expected to contribute significantly to the expansion of the electric heavy-duty truck market in China.
- The electrification trend in China's heavy-duty truck sector is reshaping the country's energy consumption landscape, reducing diesel fuel demand for heavy transport.
- Cao Xudong, CEO of Momenta, has expressed confidence in Zeron Truck due to their focus on advanced technologies and respect for science and technology, suggesting this collaboration could spur innovation and deployment in the electric heavy-duty truck segment.
