When "Chinese smart manufacturing" meets "Middle East oasis": ZHIDA TECH (02650) joins hands with Qatar's Ministry of Transport, leading new energy industry pushes global acceleration button.

As the scorching sun of the Gulf region beats down on the roads of Qatar, a green transportation revolution is quietly brewing. Recently, the Hong Kong-listed company ZHIDA TECH (02650) signed a memorandum of cooperation with a subsidiary of the Qatari Ministry of Transport, officially deepening its presence in this core market in the Middle East with the support of the integrated optical storage and charging solutions from both sides, Siasun Robot & Automation. This is not only a key move in ZHIDA TECH's globalization strategy, but also reflects an upgrade in Shanxi Guoxin Energy Corporation's technology from product output to ecological solutions, writing a new chapter in China's intelligent manufacturing going global. The cooperation with Qatar stems from its urgent demand for green transformation. As an important economic player in the Gulf region, Qatar is accelerating its shift away from reliance on traditional energy sources, incorporating green transportation into its national sustainable development agenda, with plans to establish a comprehensive system of clean energy and green transportation facilities by 2030. The subsidiary of the Qatari Ministry of Transport, as a leading local transportation service provider, has a large fleet of electric vehicles but faces challenges such as low charging efficiency and inconvenient manual operations in high-temperature environmentswhere temperatures often exceed 50 degrees Celsius in the summer, outdoor plug-in charging becomes a real issue. ZHIDA TECH's technological solutions precisely match this market demand. The core strength of this cooperation lies in its technological prowess. With 15 years of industry experience, ZHIDA TECH has built differentiated competitive barriers with its core technologies in integrated optical storage and automatic charging from Siasun Robot & Automation. In the field of integrated optical storage, it has deployed a photovoltaic storage integrated demonstration station in the Qatar Science Park, which can achieve self-use and surplus storage of CECEP Solar Energy, perfectly adapting to the abundant resources of CECEP Solar Energy in the Middle East and unstable power grid environment, providing the local area with an independent and reliable energy supply solution. More groundbreaking is the business of automatic charging from Siasun Robot & Automation. Its new generation "flexible arm" product uses a cable-driven flexible arm structure, with precise insertion and retrieval and strong environmental adaptability. After more than two years of practical verification at Hong Kong Airport, with a gross margin exceeding 30%, far exceeding the traditional charging pile's 20% level, it can not only solve the pain points of outdoor charging in high-temperature environments in the Middle East but also cater to the market characteristics of high labor costs in the region. The phased landing strategy for this cooperation demonstrates ZHIDA TECH's mature business model and localized operational thinking. The first phase has already completed the deployment of the photovoltaic storage integrated demonstration station, providing a complete set of DC charging piles and CECEP Solar Energy comprehensive energy solutions for the subsidiary of the Qatari Ministry of Transport, quickly verifying the technological adaptability. The second phase will focus on the research and development of automatic charging from Siasun Robot & Automation, addressing the efficiency bottlenecks of fleet-scale operations. This path of "technology validation - scenario adaptation - scale promotion" not only reduces market development risks but also, relying on local operational data, continuously optimizes products to tailor solutions for the climate and power grid environment in the Middle East, forming a replicable regional cooperation model. The cooperation with Qatar is an important milestone in ZHIDA TECH's layout in the Middle East and a necessary extension of its global strategy. Prior to this, the company had signed a huge order with Saudi partners and announced the official start of construction of a factory in Saudi Arabiathis is the second overseas production base for ZHIDA after the factory was put into operation in Thailand in 2024, marking the beginning of a new stage in its global strategy (ZHIDA 2.0). Relying on the manufacturing capabilities of the Saudi base and the demonstration effect of the Qatar project, ZHIDA is gradually radiating to neighboring countries such as the UAE and Kuwait with Saudi Arabia as the dual core, forming an "technology export + local manufacturing + ecological co-construction" go-abroad model. This layout is not an isolated action but meets the explosive demand in the Middle East marketSaudi Arabia alone plans to invest $39 billion in developing new energy vehicles, and the demand for charging facilities in the entire Gulf region is entering the fast lane. The capital market has long been sensitive to this strategic value. Since landing on the Hong Kong Stock Exchange in October 2025 as the "world's first intelligent charging pile stock", ZHIDA TECH's stock price has shown strong performance, with a market value soaring over HK$10 billion within 50 days. In January 2026, with the continuous release of good cooperation news from the Middle East, the company's stock price has hit historical highs, closing at HK$314 on January 16, with a total market value exceeding HK$18.7 billion, an increase of over 260% compared to the issue price. Behind the market enthusiasm is the recognition of its technological barriers and global spacecompared to price competition in the domestic market, the profit potential for premium space in overseas markets has increased, opening up a second growth curve for the company. The deeper significance of ZHIDA TECH's Qatar project lies in its reflection of the evolution of China's green technology going global. In the past, China's overseas efforts in the automobile industry mainly focused on components, batteries, complete vehicles, and other "product hardware". Now, companies like ZHIDA, with "systematic solutions" integrating hardware, software, algorithms, and energy management concepts, going global, are becoming a new trend. This is not just the flow of goods but also the output of technological standards, operating models, and business ecosystems. It is worth mentioning that, as an extension of the automotive industry chain, the overseas expansion of charging equipment and new energy vehicles has a synergistic effect. The global expansion efforts of vehicle manufacturers such as BYD provide a natural market foundation for ZHIDA, while ZHIDA's technological landing further refines the overseas new energy ecosystem. This synergistic overseas model not only enhances the global discourse power of Chinese companies but also promotes the global green transformation into a new stage of efficient intelligence. Of course, the road to globalization is not smooth. Differences in technological standards, safety regulations, and intensified regional competition in the Middle East pose higher demands on ZHIDA TECH. However, with a market precipitation of 1.3 million units in global cumulative shipments and localized manufacturing experience in Thailand and Saudi Arabia, ZHIDA has built the capacity to tackle these challenges. As ZHIDA TECH founder Huang Zhiming said, China's automotive industry going global must go through three stages: "going out, going in, and going up," with a focus on local development and increasing brand value. This idea also confirms its determination to drive Shanxi Guoxin Energy Corporation technology towards global markets. The cooperation between ZHIDA and Qatar is just a small footnote in this narrative. When the charging from Siasun Robot & Automation, coming from China, automatically injects clean power converted from CECEP Solar Energy into electric buses under the starlight on the Persian Gulf, it connects not only the vehicle's battery but also the mutual commitment to a sustainable future between two countries, and the global green new infrastructure landscape being redefined by Chinese technology.