Movement Alert｜ZHIDA TECH Intraday Rise 19.68% in Regular Trading, Saudi Exclusive Supply Deal Lifts Attention

Market Focus10-26

On October 26, ZHIDA TECH saw an Intraday Rise of 19.68% in Regular Trading, trading at HK$6.275, with turnover of HK$169 million.

The move was linked to the company’s latest disclosure that it won an exclusive supply arrangement with a Saudi brand, while management also said the company is advancing into the AI energy plus robotics 2.0 stage, boosting market attention.

Recent disclosures indicate ZHIDA TECH became an initial exclusive supplier of charging products for Saudi local auto brand CEER through a local partner. Reported estimates put aggregate procurement for charging categories over the next five years at more than RMB700 million. The company has also said products have completed batch pilot-production review in China and that localized production in Saudi Arabia is planned within the next six months. Earlier overseas progress, including the Germany factory project and manufacturing work tied to a well-known German automaker, has further reinforced expectations for overseas revenue expansion and commercialization of its AI energy products.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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