Movement Alert|ZHIDA TECH Rises 45.69% in Regular Trading, German Factory Launch Combined with Cybercab Catalyst Fuels Unmanned Charging Theme

Market Focus
3 hours ago

On September 10, ZHIDA TECH surged 45.69% in regular trading, trading at HKD 10.57/share, with turnover of HKD 529 million. The rally was driven by dual catalysts: the official launch of the company's German factory and growing momentum around autonomous vehicle charging infrastructure tied to Tesla's Cybercab deployment.

On the news front, ZHIDA TECH's wholly-owned subsidiary ZD ENERGY GmbH officially established its factory in Germany on August 31, set to undertake energy storage and charging system manufacturing for a prominent German automaker, supplying the German and broader European markets. This marks a significant acceleration in the company's globalization strategy, with overseas revenue already accounting for 29.7% of total revenue in the first half of the year, up from just 1.9% in 2022.

Simultaneously, Tesla's Cybercab recently launched and began operations in the US, having completed over 380,000 miles of unsupervised autonomous driving. ZHIDA TECH has positioned itself at the forefront of the unmanned charging segment, having developed an integrated autonomous driving plus unmanned charging solution and partnering with a UAE-based charging operator to provide automated charging for Robotaxi fleets.

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