Windrose Technology so far secures over 1.5 billion yuan in credit lines from top global banks

Shanghai (Gasgoo)- Chinese new energy heavy truck manufacturer Windrose Technology ("Windrose") recently announced that it has secured credit lines from Industrial and Commercial Bank of China ("ICBC"), China Construction Bank ("CCB"), and Bank of China, according to a press release the company issued on June 23 via its WeChat account.

With this development, Windrose is now backed by five of the world's top 15 banks by asset size—including HSBC and Citibank—bringing its total credit support to more than 1.5 billion yuan. This endorsement by leading international financial institutions further strengthens the company's capital reserves and global expansion capabilities in the new energy heavy-duty truck sector.

Photo credit:  Windrose

According to Windrose' introduction, the company's electric heavy-duty trucks are equipped with powertrains delivering up to 1,040 kW (equivalent to 1,400 horsepower). A 729 kWh battery enables a fully loaded range of 670 kilometers, while an 800V high-voltage platform allows for rapid charging of 400 kilometers' worth of range in just 36 minutes. These specifications significantly outperform traditional diesel trucks in both efficiency and cost-effectiveness.

Photo credit: Windrose

Backed by its cutting-edge technology and strong product performance, Windrose has already secured more than 6,000-vehicle orders from customers in China, the U.S., Europe, and New Zealand. The company plans to build vehicle delivery hubs in both Europe and the U.S. on top of its existing domestic capacity. It will also collaborate with partners globally to deploy megawatt-level fast-charging stations and service networks, establishing a localized operational footprint across four continents.Founded in 2022, Windrose is China's first company to provide an independently developed new energy intelligent driving heavy truck overall solution. Its mission is to deliver zero-emission, smart-driving trucks worldwide. Founder and CEO Han Wen holds a degree from Stanford University and has prior experience at Bridgewater Associates, GSR Ventures, and autonomous trucking company Plus, where he served as Chief Strategy Officer and Chief Financial Officer.

Windrose investors include HSBC, Fountainvest, Yunqi, GSR Ventures, Goodman Group, Ventech, Hefei Venture Capital, etc. Its advisory board includes current and former executives at Decathlon, Starbucks, Coca-Cola, Rokin Logistics, Toys "R" Us Asia, J.B.Hunt, XPO, Li Auto, as well as Geely.