Breton

About Breton

Breton Technology, established in 2016 and headquartered in Shanghai, China, operates as a public company providing electric-powered engineering machinery. The company focuses on the design, development, and commercialization of battery-electric machinery with autonomous capabilities, targeting the mining and construction sectors. Its business model encompasses not only the sale of this equipment but also the provision of intelligent operation services and comprehensive energy solutions, including photovoltaics and storage. Breton aims to deliver integrated, green, and intelligent one-stop solutions for its clients. The company generates revenue from the sale of its autonomous and non-autonomous battery-electric equipment.

The product lineup includes electric mining trucks, specifically wide-body dump trucks, and electric loaders. Breton has distinguished itself in the market; according to China Insights Consultancy, it was the first in China to commercialize autonomous battery-electric wide-body dump trucks and remote-operated battery-electric loaders. The company has also ranked first in shipments of battery-electric wide-body dump trucks with battery capacities exceeding 650kWh for three consecutive years from 2022 to 2024. Its powertrain systems feature dual-motor and single-motor series, with the dual-motor version designed for heavy-load and rough-terrain mining scenarios. In November 2025, a strategic partnership was announced with Fujian Rixin Machinery Leasing to collaborate on unmanned driving technology for mining transport, which included an intention from Fujian Rixin to purchase at least 150 electric mining trucks.

Breton Technology has undergone significant financial milestones, including a Series C funding round in 2023 that brought its total raised capital to over $169 million USD. The company has attracted notable investors such as CATL, Sungrow, Jianlong Mining, and the Yangtze River Industry Fund. Following an initial plan to list on Shanghai's STAR Market, Breton filed for a Hong Kong IPO in late 2024. The company's revenue has shown strong growth, increasing from 201 million yuan in 2021 to 464 million yuan in 2023, and reaching 326.8 million yuan in the first half of 2025. Despite being in a growth phase and reporting a net loss, its gross profit margin has been improving.