Shanghai Zhida Technology Development (02650) Welcomes Major Policy Boost as Charging Infrastructure Construction Accelerates Growth Potential

Stock News
Oct 15

On October 15, the National Development and Reform Commission and other departments jointly issued the "Three-Year Doubling Action Plan for Electric Vehicle Charging Infrastructure Service Capability (2025-2027)", explicitly stating the intention to significantly enhance the scale of private charging facility construction. This policy undeniably injects strong momentum into Shanghai Zhida Technology Development (02650), a leading global household charging station provider that recently listed on the Hong Kong stock exchange. The plan mandates that all newly built residential community parking spaces must be equipped with or reserved for charging facilities, while also requiring the addition of charging infrastructure in existing residential areas, alongside upgrades to supporting power grids. The target is to establish 28 million charging facilities by the end of 2027 to meet the charging needs of over 80 million electric vehicles, thereby achieving a doubling in service capacity. As the world’s largest provider of home electric vehicle charging solutions, Shanghai Zhida employs a "product + service + digital platform" integrated model for comprehensive development. According to Frost & Sullivan, the company's global market share in home charging stations is approximately 9.0%, with a market share of 13.6% in China, ranking first in sales in the Chinese market. Notably, on its debut date, October 10, Shanghai Zhida's shares surged by 192.14%, with its public offering seeing an unbelievable subscription rate of 5,440.80 times, making it the "most oversubscribed" stock in the Hong Kong new energy sector this year, highlighting significant market enthusiasm.

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