ZHIDA TECH-NEW (02650) Reports Substantial Growth in Thai Operations and Addition of Major Global Clients

Stock News05-15

ZHIDA TECH-NEW (02650) announced that the company has leveraged the localized manufacturing advantages of its Thai factory, combined with the forward-looking deployment of its local installation service network in Thailand. This has established a unique capability for localized response and global coverage, providing customers with an efficient one-stop solution from production to implementation. Concurrently, driven by Thailand's EV3.5 new energy vehicle incentive policy, the company has secured new contracts since April 2026 with several globally renowned automotive brand clients and agents. These include MG Sales (Thailand) CO., LTD (a Thai company under SAIC Motor), OMODA and JAECOO (Thailand) Co., Ltd. (a Thai company under Chery Group), and TAILIAN TRADING CO., LTD. This has driven a year-on-year increase of approximately 71.3% in charging pile sales for its Thai subsidiary, ZD Trading (Thailand) Co., Ltd., from January to April 2026.

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