HK Stock Market Move | ZHIDA TECH(02650) rose over 26% in the morning, Zhida's subsidiary signed an agreement to settle in Zhangjiang and join the Siasun Robot & Automation Valley Ecological Alliance.

In the morning session, ZHIDA TECH (02650) rose more than 26%, as of the time of writing, it was up 14.65% to HK$12.6, with a trading volume of HK$1.22 billion. On the news front, on June 16th, Shanghai Zhida Siasun Robot & Automation Technology Co., Ltd. (a wholly-owned subsidiary of ZHIDA TECH) officially settled in Zhangjiang and joined the Zhangjiang Siasun Robot & Automation Valley Ecosystem Alliance. After the subsidiary landed, it will focus on the research and application of automatic charging for Siasun Robot & Automation, promote the extension of charging towards intelligent and unmanned direction, and further improve the ecological layout of ZHIDA TECH in the field of smart energy and integrated scene solutions with Siasun Robot & Automation. Industrial pointed out that ZHIDA TECH is joining hands with mainstream core car manufacturers to enter overseas markets. In Thailand and Brazil, the two fastest-growing electric vehicle core markets outside of China, the company is one of the first to complete layout and has gained high market recognition as a provider of electric vehicle charging piles and supporting services. The average selling price of the company's overseas products and services is higher than that in China. With the acceleration of the entry of independent brands into overseas markets in the future, the demand for charging piles in overseas markets is expected to continue to grow rapidly, and the company is expected to benefit.