HK Stock Market Move | ZHIDA TECH (02650) opens nearly 4% higher, debuts overseas smart energy solutions in Thailand, ranks first in market share for two charging pile categories

ZHIDA TECH (02650) opened nearly 4% higher. As of press time, it was up 3.95% at HK$6.185, with a turnover of HK$555,700. On the news front, on November 6, ZHIDA TECH held the overseas debut of its AI smart energy solutions and charging Siasun Robot&Automation products in Chonburi, Thailand. The company officially launched smart energy solutions for household and public scenarios in Thailand and debuted megawatt-level flexible liquid-cooled charging stacks; on the same day, it signed strategic cooperation agreements with multiple partners to promote the implementation of related products and services in Thailand. The launch event attracted customers and partners from Southeast Asian countries such as Indonesia, Malaysia, Laos, Sri Lanka, and Cambodia, as well as Middle Eastern countries. The company said that choosing Thailand for the launch of its scenario solutions and new products reflects its determination to deepen its presence in Thailand and serve the local green energy transition. Zhida will leverage a more complete product matrix and full-scenario coverage capability of "household + public" to provide integrated green energy solutions for local households, operators, industrial parks, and commercial complexes, and work with more partners to build Thailand's green mobility ecosystem. Currently, Zhida's AC charging piles have cumulative sales of 100,000 units in Thailand, with a market share of over 80%; its DC charging piles have a market share of over 20%, with both product categories ranking first in market share in Thailand, widely serving scenarios such as households, commercial properties, and public charging stations.