Shanghai Zhida Technology Development (02650) Rises Over 4% Again, Hitting New Record High After Securing Billion-Yuan Charging Pile Order

Stock News12-02

Shanghai Zhida Technology Development (02650) surged over 4% again, reaching a new all-time high of HK$246. At the time of writing, the stock was up 4.44% at HK$244.6, with a turnover of HK$10.919 million.

The company recently announced signing a billion-yuan charging pile order with Saudi local partner Saudi Controls Ltd. The two parties will engage in deep collaboration over the next five years, with Shanghai Zhida supplying various AC and DC charging pile products. The company will also establish a full-scale manufacturing base to provide high-quality, localized EV charging products and services across the Middle East market.

Production equipment is expected to be completed and shipped to Riyadh by December 2025, with operations planned to commence in Q1 2026.

As the world's largest provider of home EV charging solutions, Shanghai Zhida adopts an integrated "product + service + digital platform" model. According to Frost & Sullivan data, the company holds approximately 9.0% of the global home charging pile market share and 13.6% in China, ranking first in sales in the Chinese market.

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