One year after listing, ZHIDA TECH (02650) enters 2.0: globalization and "AI energy + Siasun Robot&Automation" open up new growth space.

On October 10, 2026, ZHIDA TECH (02650) marks the one-year anniversary of its listing on the Hong Kong Stock Exchange. Over the past year, this global leader in home charging piles has achieved key leaps across multiple dimensions including strategic positioning, capacity upgrading, ecosystem collaboration, and capital market recognition. It has completed the transition from a charging solutions provider to an "AI-driven smart energy and Siasun Robot&Automation integrated scenario solutions technology enterprise," delivering an anniversary report card featuring both quantitative and qualitative growth. **Industry transformation opens new space, "AI energy + Siasun Robot&Automation" 2.0 strategy lands** In July this year, ZHIDA TECH officially released its 2.0 strategy, upgrading its strategic positioning to "a globally leading AI-driven smart energy and Siasun Robot&Automation integrated scenario solutions technology enterprise," and clearly defined two core application scenarios: home and public. The home scenario focuses on the coordination of photovoltaic, energy storage, charging, energy management, and automatic charging; the public scenario targets Robotaxi, ride-hailing, logistics fleets, and other high-frequency operational needs, further combining energy storage and charging equipment, automatic charging Siasun Robot&Automation, and energy management platforms. This strategic adjustment did not happen suddenly, but is the inevitable result of the company's forward-looking industry trends and its own accumulated business capabilities. The IEA estimates that global data center electricity consumption will reach approximately 945 TWh by 2030; meanwhile, Robotaxi commercialization is accelerating, with MarketsandMarkets projecting that the global Robotaxi market will leap from $400 million in 2023 to $45.7 billion by 2030. The intersection of these two major trends creates rigid demand for smart energy management and automated energy replenishment infrastructure. Under this demand, ZHIDA TECH is pushing its more than a decade of technological accumulation toward systematic integration. On the energy side, the company's self-developed EMS green digital energy system has integrated photovoltaic, energy storage, charging, and V2G technologies, covering the full chain of household photovoltaic, energy storage, and smart charging services; on the Siasun Robot&Automation side, the company has completed the layout of two major product series: "Pioneer Robot" and "Lingxiang." The AI platform connects energy scheduling with Siasun Robot&Automation operations, forming systematic capabilities of "energy management + automatic energy replenishment." Strategic implementation has already made substantive progress. Domestically, ZHIDA TECH has launched cooperation with multiple leading Robotaxi companies and new energy vehicle manufacturers, establishing automatic charging test sites in Shanghai and Nanchang respectively. In overseas markets, the company has completed the deployment of a demonstration site in Saudi Arabia combining energy storage integrated DC charging piles with automatic charging Siasun Robot&Automation, and is currently cooperating with a well-known local charging operator in the UAE to provide automatic charging solutions for an upcoming Robotaxi fleet, advancing the deployment and operation of unmanned charging facilities in the Middle East market. **Ten-thousand-unit capacity base lands, Siasun Robot&Automation business accelerates industrialization** If the 2.0 strategy anchors the direction, then capacity implementation is the key step in converting strategy into scaled delivery capability. In July this year, the company established a joint venture with Ningbo High-tech Zone called Ningbo Zhida Embodied Intelligence Technology Co., Ltd., and the jointly built automatic charging Siasun Robot&Automation engineering R&D and manufacturing base officially landed in Ningbo High-tech Zone. The base is positioned as the world's first dedicated production base for automatic charging Siasun Robot&Automation with an annual capacity of ten-thousand-unit level, integrating a R&D application center and a manufacturing testing base. It is built with reference to automotive-grade factory audit standards, with a designed annual capacity of ten-thousand-unit level upon completion, and reserves upgrade interfaces for new technologies such as wireless charging and embodied intelligence Siasun Robot&Automation assembly. This is not a single-point layout, but a coordinated advancement across three ends: "R&Dmanufacturingoperations." On the R&D end, Shanghai Zhida Siasun Robot&Automation Technology Co., Ltd. has settled in Shanghai Zhangjiang, leveraging the cluster advantages of Zhangjiang Siasun Robot&Automation Valley to focus on core technology breakthroughs and product iteration; on the manufacturing end, the Ningbo base undertakes ten-thousand-unit level capacity implementation; on the operations end, Liuma Smart Charging, in which the company holds a stake, takes charge of scenario implementation and service operations. From an industry perspective, the landing of the Ningbo base marks the formation of ZHIDA TECH's full industry chain layout of "R&Dmanufacturingoperations" in the Siasun Robot&Automation field. The company has thus become the world's first enterprise in the charging Siasun Robot&Automation track to achieve a ten-thousand-unit level industry chain closed loop. Previously, most enterprises remained at small-batch pilot stages, and insufficient scaled delivery capability constrained the commercialization process. ZHIDA TECH is the first to fill this gap, which will effectively alleviate the industry's capacity bottleneck and provide more stable supply guarantees for downstream customers such as automakers and energy service providers. **Overseas business grows into primary growth engine, globalization advances in depth** Overseas business is one of the most intuitive structural changes for ZHIDA TECH since its listing. According to the 2025 annual report, ZHIDA TECH's full-year overseas business revenue share increased from 12.1% in 2024 to 17.1%. Entering 2026, this trend further accelerated. In the first half of the year, the company's overseas revenue reached 101 million yuan, a year-on-year increase of 73.2%, with its share of total revenue jumping to 29.7%. Overseas charging pile sales volume increased by approximately 110.5% year-on-year, with business covering 28 countries and regions globally. From a regional perspective, Southeast Asia, the Middle East, and South America all formed rapid growth. In the first half of the year, the company's charging pile sales in Thailand, the UAE, and Brazil increased by 304.3%, 357.2%, and 48.5% year-on-year respectively. In Malaysia, the company renewed a three-year exclusive distribution arrangement with KINETA; in the Philippines, it established an exclusive dealership system; in Thailand, its subsidiary added leading large automaker and dealer customers, with localized operations continuing to deepen. In the European market, the company is advancing the construction of local manufacturing capabilities in Germany. The factory of its controlling subsidiary ZD ENERGY (Deutschland) GmbH in Bremen, Germany, has officially landed and will undertake energy storage and charging system manufacturing business for a well-known German automaker, supplying the German and European markets. With capacity implementation, ZHIDA TECH will establish complete localized capabilities in Europe covering manufacturing, certification, and after-sales service, rooting its business foundation deep into Europe's industrial heartland. From product export, to channel building, to overseas manufacturing and service capability implementation, ZHIDA TECH's globalization layout is forming a more complete business closed loop. **From partner cooperation to scenario co-building, industrial ecosystem continues to expand** Another obvious change after listing is the continuous expansion of ZHIDA TECH's ecosystem collaboration capabilities. In January this year, the company established a joint venture with Chery Green Energy called Anhui Ruizhi, connecting Zhida's charging and automatic charging Siasun Robot&Automation capabilities with Chery's global channel resources in Europe, the Middle East, Latin America, and Southeast Asia, promoting the company's upgrade from single product export to systematic overseas expansion of capabilities and channels. City-level scenario co-building is advancing in parallel. In July this year, the company established a joint venture with Shanghai Tongji Science & Technology Industrial called Tongchuang Zhiji, extending its business to urban new energy infrastructure investment, construction, and operations. The two parties will build an integrated "source-grid-vehicle-station-cloud" smart operations system on Shanghai Fuxing Island, integrating intelligent charging Siasun Robot&Automation and integrated photovoltaic-storage-charging equipment, exploring a replicable city-level autonomous driving energy replenishment model. In unmanned energy replenishment scenarios, the company is advancing cooperation with Westwell around "intelligent connected vehicles + smart energy + scenario operations," opening up closed-loop applications of autonomous driving and unmanned charging in ports and other scenarios; at the digital capability level, it is focusing on the integration of AI and cloud computing underlying technologies with Tencent Cloud, jointly creating a "AI + smart charging" benchmark solution; and its cooperation with SHOUGANG LANZA extends to the upstream of the green energy industry chain, jointly building a park-level green energy ecosystem. Beyond the above cooperations, ZHIDA TECH's ecosystem collaboration in related fields continues to advance. For Zhida, the value of ecosystem cooperation is no longer just expanding the number of partners, but connecting energy management, Siasun Robot&Automation, AI platforms, and real application scenarios. As more projects enter the implementation stage, the company's "AI energy + Siasun Robot&Automation" business boundaries continue to extend. **Capital markets empower industrial layout, listing opens new development space** Beyond business changes, the capital market has also become an important force driving the company's accelerated development. The company's IPO raised net proceeds of approximately HK$327 million, mainly invested in overseas expansion and enhancement of product, service, and R&D capabilities; in June this year, the company completed a placement of 19,125,650 new H shares, with proceeds focused on R&D of new photovoltaic-storage-charging system products, expansion of Siasun Robot&Automation product application scenarios and engineering and manufacturing capability building, as well as overseas market development. Overall, the investment destinations of raised funds are highly aligned with the company's post-listing globalization, Siasun Robot&Automation, and energy business layout, forming synergy between capital allocation and strategic direction. At the same time, the company's capital market influence continues to rise. Since 2026, ZHIDA TECH has been included in the Hang Seng Composite Index, Stock Connect eligible securities, and relevant indices in the FTSE Global Equity Index Series, further broadening channels connecting domestic and international capital markets, and further enhancing the company's brand awareness among global customers, partners, and industrial resources. In the year since listing, ZHIDA TECH has formed a positive cycle between business upgrading and capital empowerment. As the "AI energy + Siasun Robot&Automation" 2.0 strategy enters the implementation phase, overseas manufacturing capabilities gradually release, and the Siasun Robot&Automation business moves toward scaled mass production, the company is expected to open greater growth space in the smart energy and automated energy replenishment track. The continued support of the capital platform will also provide ample backing for the next stage of globalization expansion and technology investment, making the company's long-term development path increasingly clear.