Windrose Technology
Windrose Technology is a Chinese electric vehicle (EV) manufacturer specializing in zero-emission heavy-duty trucks.[1] Founded in China,[2] the company is known for its global expansion strategy, particularly into the United States and Europe.[1] Windrose Technology was founded in 2022 by Wen Han, who serves as the company's Chairman and CEO.[2][3]
Windrose Technology was founded for developing electric heavy-duty trucks, including Class 8 models designed for long-haul freight. In 2023, the company secured $110 million in funding to support vehicle development and expansion into international markets.[1][4]
In late 2023, Windrose revealed plans to list on a U.S. stock exchange.[5] In October 2024, the company reportedly doubled its IPO fundraising goal with growing investor interest.[3][6] In July 2024, it announced plans to establish a truck assembly plant in Georgia, marking a rare move by a Chinese EV manufacturer to produce vehicles in the U.S.[7] The company is also exploring production capabilities in Europe, including potential operations in Flanders, Belgium, although the Flemish government declined to invest in the proposed factory in Antwerp.[8][9] In 2024, Windrose also partnered with industrial real estate company Goodman Group to develop electric vehicle fast-charging infrastructure for heavy-duty trucks in Europe, furthering its logistics capabilities.[10]
References
[edit]- ^ a b c Allen, Jesse (2023-07-10). "Startup Funding: June 2023". Semiconductor Engineering. Retrieved 2025-05-05.
- ^ a b "Tariffs on Chinese-made machines drive up costs for U.S. manufacturers - The Washington Post". web.archive.org. 2025-04-28. Retrieved 2025-05-05.
- ^ a b Wakabayashi, Daisuke (2025-03-31). "The Chinese Electric Vehicle Founder Who Wants In on Trump's America". The New York Times. ISSN 0362-4331. Retrieved 2025-05-05.
- ^ Segal, Mark (2024-04-15). "Zero-Emission Truck Startup Windrose Raises $110 Million". ESG Today. Retrieved 2025-05-05.
- ^ "Chinese Electric Truck Maker Windrose is Seeking US IPO in 2024". Bloomberg.com. Archived from the original on 2023-12-14. Retrieved 2025-05-05.
- ^ https://www.bloomberg.com/news/articles/2024-10-17/chinese-electric-truckmaker-windrose-tech-pushes-into-europe-doubles-ipo-goal
- ^ https://www.reuters.com/business/autos-transportation/windrose-plans-truck-assembly-us-rare-move-by-chinese-ev-firm-2024-07-23/
- ^ https://www.reuters.com/business/autos-transportation/chinese-electric-truck-start-up-windrose-explores-production-europe-ceo-says-2024-02-22/
- ^ Times, The Brussels. "Flanders will not invest in Chinese electric truck factory in Antwerp". www.brusselstimes.com. Retrieved 2025-05-05.
- ^ "Goodman and Windrose partner on EV fast-charging for heavy-duty trucks | News | Real Assets". web.archive.org. 2025-02-07. Retrieved 2025-05-05.
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