Changes in Hong Kong stocks | Zhida Technology (02650) rose more than 16% in early trading, and the company became Saudi CEER's exclusive charging supplier with a five-year procurement scale of over 700 million yuan

The Zhitong Finance App learned that Zhida Technology (02650) rose more than 16% in early trading. As of press release, it rose 12.67% to HK$7.245, with a turnover of HK$233 million.

According to the news, Zhida Technology recently announced that through a Saudi partner, it has become the first batch of exclusive suppliers of charging products for the first local car brand CEER in Saudi Arabia, providing them with a series of products such as portable charging equipment, household AC charging piles, DC charging piles, and charging cables.

According to estimates, the total estimated procurement scale for the charging category over the next five years will exceed 700 million yuan. The relevant products have completed mass trial production reviews at the Chinese factory, and Zhida will promote localized production of the products in Saudi Arabia within the next six months.