ZHIDA TECH (02650) saw its shares surge more than 10% during the trading session, reaching a high of HK$326.4 and setting a new record high since its listing. As of the time of writing, the stock was up 8.39%, trading at HK$320.4, with a turnover of HK$18.86 million.

The catalyst for the move is a recently signed memorandum of cooperation between ZHIDA TECH and an agency under Qatar's Ministry of Transport. This partnership, leveraging integrated solar-storage-charging solutions and automatic charging robots as key pillars, marks a deep and formal entry into this core Middle Eastern market, which is actively undergoing an energy transition.

Prior to this development, the company had already secured a substantial order with a partner in Saudi Arabia and simultaneously announced the official commencement of construction for a factory in the country. This Saudi facility represents ZHIDA TECH's second overseas production base, following the launch of its Thailand plant in 2024, signaling a new phase in its global expansion strategy.

Public information indicates that as the world's largest provider of home charging solutions for electric vehicles, ZHIDA TECH has a deeply integrated strategy based on a "Product + Service + Digital Platform" tripartite model. According to data from Frost & Sullivan, the company holds approximately 9.0% of the global market share for home charging piles and a 13.6% share in the Chinese market, ranking first in sales within China.