ZHIDA TECH (02650) Thailand business surged by 71.3%, signing contracts with SAIC and Chery's brands to accelerate its expansion in Southeast Asia.

On May 15th, the Hong Kong stock "Global Smart Charging First Stock" ZHIDA TECH (02650) voluntarily disclosed that its Thai subsidiary ZD Trading (Thailand) Co., Ltd. saw a year-on-year increase of about 71.3% in charging pile sales from January to April 2026. Since April this year, it has also added new contracts with several globally renowned automotive brands and agents, including MG Sales (Thailand) CO., LTD (a Thai company under SAIC Motor Corporation), OMODA and JAECOO (Thailand) Co., Ltd. (a Thai company under Chery Group), and TAILIAN TRADING CO., LTD. Policy dividends manifest, Thai Shanxi Guoxin Energy Corporation market accelerates outbreak This surge in sales is closely linked to the strong driving force of Thailand's EV3.5 new energy vehicle incentive policy. The policy, which officially took effect on January 2, 2024, provides incentives such as vehicle purchase subsidies, reductions in import tariffs and consumption tax exemptions to promote the rapid expansion of the Thai Shanxi Guoxin Energy Corporation automotive market. Especially in 2026, the EV3.5 policy requires auto companies to produce electric vehicles in Thailand at a 1:2 ratio to compensate for imports, which has directly driven mainstream Chinese auto companies to accelerate plant construction in Thailand, expand local sales, and the construction of charging facilities has become a rigid demand, directly boosting ZHIDA TECH's order growth. SAIC's MG brand and Chery's OMODA and JAECOO series have layouts and sales in Thailand, and the two auto companies further cooperate with ZHIDA TECH in charging support, reflecting the rapid evolution of the Thai Shanxi Guoxin Energy Corporation ecosystem towards "vehicle-pile linkage". Early layout, building a moat with "localized" advantage It is worth noting that ZHIDA TECH's business explosion in Thailand is not accidental, but the result...