IPO Debut | Shanghai Zhida Technology Development (02650) Lists with 183.92% Opening Surge as Global Leading EV Home Charging Solutions Provider

Stock News
Oct 10

Shanghai Zhida Technology Development (02650) made its trading debut with a strong performance. According to the announcement, the company priced its shares at HK$66.92 each, issuing 5.9789 million shares with a lot size of 50 shares, raising net proceeds of approximately HK$327 million. As of press time, the stock surged 183.92% to HK$190, with trading volume reaching HK$172 million.

Public information shows that Shanghai Zhida Technology Development has established a comprehensive "three-in-one" EV home charging solution centered on smart home EV charging stations, integrating products, services, and digital platforms. According to Frost & Sullivan data, based on home EV charging station sales volume during the track record period, Shanghai Zhida Technology Development is the world's largest EV home charging solutions provider, holding approximately 9.0% of the global market share and 13.6% of the Chinese market share. By revenue, the company ranks fourth globally with a 5.7% market share and first in China with a 10.3% market share.

Notably, through partnerships with renowned automotive manufacturers, Shanghai Zhida Technology Development has built its brand reputation and established itself as a competitive EV home charging solutions provider, while expanding into overseas markets alongside these major automotive partners. Currently, the company's products and services cover 22 countries. According to Frost & Sullivan, in Thailand and Brazil, two rapidly growing EV markets outside China, the company is among the first to establish market position and is recognized as a leading smart home EV charging station and service provider.

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