Changes in Hong Kong stocks | Zhida Technology (02650) rose by up to 16%, and the German factory will be put into operation early next year to actively promote the “AI Energy+Robot” 2.0 strategy

The Zhitong Finance App learned that Zhida Technology (02650) rose by more than 16%. As of press release, it had risen 7.07% to HK$10.6, with a turnover of HK$542 million.

According to news, recently, ZD ENERGY (Deutschland) GmbH, a subsidiary of Zhida Technology Holdings, officially landed its factory in Germany. It will undertake the energy storage and charging system manufacturing business of well-known German automakers and supply them to the German and European markets. The transfer and construction of the new plant's real estate line is expected to be completed by the end of October, certification will be completed by the end of December, and officially put into operation in January next year. Prior to undertaking this business, Zhida Technology already had substantial business accumulation in Europe: Among them, the company and Zhongde Company, which is a joint shareholder of Ningde Times, have sold energy storage quick charging piles already covered European channels, with cumulative sales of about 1,000 units.

Zhida Technology said that the company will further expand its influence in the European market with Germany as the center and advance the “AI Energy+Robotics” 2.0 strategy. It is worth noting that since Zhida Technology landed on the Hong Kong Stock Exchange, internationalization has accelerated markedly: in the first half of this year, the company's overseas revenue increased 73.2% year on year, and the share of revenue rose from 14.8% in the same period last year to 29.7%. In 2022, this ratio was only 1.9%, climbing from single digits to nearly 30% in four years. Predictably, with the commissioning of the German factory and the gradual improvement of the European localized supply chain, its share of overseas revenue is expected to continue to increase.