On June 4, Zhida Technology (02650.HK) rose 5.3% in regular trading, trading at HKD 16.9/share, with trading volume of HKD 12.69 million.

On the news front, Boreaton and Zhida Technology signed a strategic cooperation framework letter of intent on June 2. The two parties plan to conduct long-term strategic cooperation in new energy engineering equipment and smart charging infrastructure for a period of three years. Under the agreement, Boreaton intends to cumulatively purchase no less than 5,000 units of high-power charging piles and charging robot equipment, while Zhida Technology intends to purchase electric mining truck products from Boreaton.

As the global leader in residential EV charging solutions, Zhida Technology holds approximately 13.6% market share in China and 9% globally. The company has expanded its footprint to 23 countries, with key focus on Southeast Asia, the Middle East, and Latin America. The strategic partnership with Boreaton further extends its product reach into the commercial and industrial charging segment, potentially diversifying its revenue streams beyond the residential market.

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