Core Viewpoint - Zhidatech (02650) has seen its stock price rise over 5%, reaching a new high of 266.20 HKD, nearly 300% above its IPO price, following the announcement of a significant sales order in Saudi Arabia [1] Group 1: Company Developments - Zhidatech has signed a sales order worth over 100 million RMB with local partner Saudi Controls Ltd, focusing on the supply of various AC and DC electric vehicle charging products over the next five years [1] - This partnership marks a strategic step for the company in the Saudi and broader Middle Eastern markets [1] Group 2: Future Plans - To meet the growing demand in Saudi Arabia and the Middle East, the company plans to complete the production equipment by December 2025 and ship it to Riyadh, with production expected to start in the first quarter of 2026 [1] - The new factory will establish Saudi Arabia as the company's manufacturing base in the Middle East, providing high-quality, localized electric vehicle charging products and services [1]
挚达科技早盘涨超4%再创上市新高 较招股价已涨近3倍