HK Stock Market Move | ZHIDA TECH (02650) rose more than 10% and continued to break new highs. The government has clearly stated that it will significantly increase the scale of private charging facilities construction in the next two years.

ZHIDA TECH (02650) rose more than 10%, hitting a high of 313.4 Hong Kong dollars in intraday trading to continue to set a new record high. As of the time of writing, it rose by 10.01% to 312.2 Hong Kong dollars, with a trading volume of 2006.16 million Hong Kong dollars. On the news front, according to data from the National Charging Infrastructure Monitoring Service Platform, as of the end of November 2025, the total number of electric vehicle charging infrastructure (guns) in China reached 19.322 million, a year-on-year increase of 52.0%. Among them, there were 4.625 million public charging facilities (guns), an increase of 36.0% year-on-year, with a total rated power of public charging piles reaching 2.10 billion kilowatts, and an average power of about 45.34 kilowatts; there were 14.697 million private charging facilities (guns), an increase of 57.8% year-on-year, with a reported installed electrical capacity of 1.29 billion kilovolt-amperes. The National Development and Reform Commission and other departments jointly issued the "Action Plan for Doubling the Service Capacity of Electric Vehicle Charging Infrastructure in Three Years (2025-2027)", which clearly proposes a significant increase in the scale of private charging facilities construction. The goal is to build 28 million charging facilities by the end of 2027, meet the charging needs of over 80 million electric vehicles, and achieve a doubling of service capacity. It is reported that as the world's largest provider of home electric vehicle charging solutions, ZHIDA TECH is deeply engaged in the integrated model of "product + service + digital platform". According to Frost & Sullivan data, the company's market share in the home charging pile market is about 9.0% globally, with a market share of 13.6% in China, ranking first in sales in the Chinese market.