新闻导读 9月25日，沙县籍企业家黄志明创办的挚达科技通过港交所上市聆讯，标志着这家全球最大的电动汽车 家庭充电解决方案供应商，终于叩开国际资本市场大门。 据其招股书披露，此次募集资金将用于海外扩张、创新研发及产能升级等方面，持续巩固在充电解决方 案领域核心竞争力的同时，实现从"规模增长"向"高质量发展"的跨越。 值得关注的是，挚达科技前瞻性布局的自动充电机器人，目前已在全球多个场景落地应用，有望成为公 司未来发展的核心驱动力。 家用充电桩全球销量第一 挚达科技由公司创始人黄志明于2010年11月创立，主营业务聚焦各类家用汽车充电桩及相关配件，现已 发展为全球电动汽车家庭充电解决方案供应商之一。弗若斯特沙利文报告显示，于往绩记录期间，按全 球家用电动汽车充电桩的销量计，全球前五大电动汽车家庭充电解决方案提供商约占33.7%，其中挚达 科技排名第一，市场份额约为9%。聚焦中国市场，按家用电动汽车充电桩的销量及销售额计，挚达科 技的市场份额分别约为13.6%和10.3%，均稳居第一。 国际化布局方面，自2021年起，挚达科技加速开拓海外市场，旗下品牌"Zeeda"已进入东盟、中东、日 韩、非洲、欧洲、北美、南美及 ...

Core Viewpoint - The charging technology is becoming a key driver for transformation in the electric vehicle industry, with Shanghai Zhida Technology Development Co., Ltd. (Zhida Technology) leading in the home charging pile sector and actively pursuing intelligent and automated charging solutions [1][2]. Group 1: Company Developments - Zhida Technology plans to issue 5,978,900 shares at a maximum price of HKD 83.63 per share, with the listing on the Hong Kong Stock Exchange scheduled for October 10 [1]. - The company has developed nearly 40 patents related to automatic charging technology since 2016, with a product matrix covering eight types including flexible arms and joint arms [2]. - Zhida Technology has established partnerships with multiple automotive companies to co-develop charging robot products, with successful deployments in various global locations such as Hong Kong Airport [2]. Group 2: Customer Structure and Financial Performance - The revenue contribution from the top five customers decreased from 68.5% in 2022 to 56.1% in 2024, indicating a diversification in the customer base [3]. - In Q1 2025, Zhida Technology's total revenue reached CNY 21.7 million, a 39.4% increase compared to the same period in 2024 [3]. - The overseas revenue contribution rose significantly from 1.9% in 2022 to 12.1% in 2024, reflecting the company's global expansion efforts [3]. Group 3: Research and Development - Zhida Technology increased its R&D expense ratio to 9.37% in 2024, with a 15.45% year-on-year growth in R&D investment in Q1 2025 [4]. - The company delivered 10 electric vehicle charging robots in Q1 2025, generating revenue of CNY 1.9 million, a substantial increase from CNY 600,000 in the same period of 2024 [4]. Group 4: Financial Health and Market Position - The collaboration with leading automotive companies has created a stable order and quality receivables, enhancing the company's revenue quality [5]. - As of March 31, 2025, the company's cash and cash equivalents reached CNY 146 million, with a reduction in net current liabilities compared to the end of 2024 [5]. - The upcoming listing is expected to accelerate Zhida Technology's global and intelligent strategies, positioning the company favorably in the growing electric vehicle market [6].

同时，充电从功能需求升级为"能源生态"入口，行业发展逻辑与估值也将迎来重估。正在冲刺港股IPO 的挚达科技，正在用机器人技术与全球化网络，重新定义人、车、能源之间的关系。 汽车智能化加速发展 【导读】新能源汽车智能化驶向深水区，智能充电突破技术边界迎来巨头入局 9月末，"桦加沙"等台风密集到访香港，但香港国际机场的挚达自动充电机器人，依然自动完成了充电 任务，保障了新能源设备正常运转，展现出在极限场景下规模部署的可靠性。 这是新能源智能补能落地的最新案例。新能源汽车产业"狂飙"十年，全产业链自动化需求持续攀升，智 能补能成为关键一环。特斯拉、华为、小米等巨头相继入局，意图推动充电设备从单一功能向交互式、 自适应方向升级。 面对巨头强势入局，挚达科技等第三方家用充电桩头部企业积极应战，展示了在智能补能领域的底蕴。 挚达科技作为全球家用充电桩销量第一的供应商，自2016年起便开始布局自动充电机器人核心技术研 发，当前具备大规模部署的能力。 智能充电随之突破技术边界 在近期结束的2025年中国国际服务贸易交易会上，挚达科技展示了其最新的固定抓枪式自动充电机器 人，以精准流畅的动作和灵活适配的智能设计，呈现了智能补能 ...

这款自动充电机器人采用6个主动自由度设计，动作精准流畅，能以高效的方式完成复杂的充电任务， 并且独特的"一机多枪"模式，使一台设备可服务多个车位，大幅降低了部署与运营成本。 挚达科技的自动充电机器人具备"精准、高效、灵活、可靠"的特性，为自动充电提供了新的可借鉴模 板。 【导读】新能源汽车智能化驶向深水区，智能充电突破技术边界迎来巨头入局 中国基金报记者 闻言 9月末，"桦加沙"等台风密集到访香港，但香港国际机场的挚达自动充电机器人，依然自动完成了充电 任务，保障了新能源设备正常运转，展现出在极限场景下规模部署的可靠性。 这是新能源智能补能落地的最新案例。新能源汽车产业"狂飙"十年，全产业链自动化需求持续攀升，智 能补能成为关键一环。特斯拉、华为、小米等巨头相继入局，意图推动充电设备从单一功能向交互式、 自适应方向升级。 面对巨头强势入局，挚达科技等第三方家用充电桩头部企业积极应战，展示了在智能补能领域的底蕴。 挚达科技作为全球家用充电桩销量第一的供应商，自2016年起便开始布局自动充电机器人核心技术研 发，当前具备大规模部署的能力。 同时，充电从功能需求升级为"能源生态"入口，行业发展逻辑与估值也将迎来重估 ...

【导读】新能源汽车智能化驶向深水区，智能充电突破技术边界迎来巨头入局 中国基金报记者 闻言 9 月末， " 桦加沙 " 等台风密集到访香港， 但香港国际机场的挚达自动充电机器人，依然自动完成了充电任务，保障了新能源设备正常运 转，展现出在极限场景下规模部署的可靠性。 这是新能源智能补能落地的最新案例。新能源汽车产业 " 狂飙 " 十年，全产业链自动化需求持续攀升，智能补能成为关键一环。特斯拉、 华为、小米等巨头相继入局，意图推动充电设备从单一功能向交互式、自适应方向升级。 面对巨头强势入局，挚达科技等第三方家用充电桩头部企业积极应战，展示了在智能补能领域的底蕴。挚达科技作为全球家用充电桩销量 第一的供应商，自 2016 年起便开始布局自动充电机器人核心技术研发，当前具备大规模部署的能力。 同时，充电从功能需求升级为 " 能源生态 " 入口，行业发展逻辑与估值也将迎来重估。正在冲刺港股 IPO 的挚达科技，正在用机器人技术 与全球化网络，重新定义人、车、能源之间的关系。 汽车智能化加速发展 智能充电随之突破技术边界 在近期结束的 2025 年中国国际服务贸易交易会上，挚达科技展示了其最新的固定抓枪式自动充电机器 ...

Core Insights - The 2025 Wuhan International Charging and Battery Swap Exhibition will take place from October 11 to 13, 2025, highlighting the importance of charging and battery swap technology in promoting green transportation [1] Group 1: Charging Technology - The exhibition will showcase a range of innovative charging technologies that enhance charging efficiency and optimize energy usage through smart management [3] - Charging stations are critical infrastructure for electric vehicles, and manufacturers will present the latest charging stations and their core components [3] Group 2: Supporting Infrastructure - Comprehensive supporting facilities are essential for the efficient operation of charging networks, including cables, connectors, and monitoring systems [5] - The construction and operation of an efficient charging network require careful consideration of planning, design, construction, and maintenance [5] Group 3: Battery Swap Model - The battery swap model is gaining attention as a rapid energy replenishment method, with advanced battery swap station equipment and related facilities being showcased [7] - Integrated charging stations that combine solar power generation, energy storage, and fast charging will be featured, maximizing the use of clean energy [7] - The exhibition serves as a platform for showcasing the latest technologies and products while facilitating discussions on future trends in the charging and battery swap sector, aiming for a greener and smarter transportation era [7]

Group 1 - The core viewpoint of the articles emphasizes that smart charging is a crucial part of the automotive intelligence ecosystem, with the launch of the new generation of automatic charging robots by Zhida Technology, named "LingSnake SmartLink" [1] - Zhida Technology's automatic charging robots will reshape the interaction between people, vehicles, and charging stations, aligning with the company's 2.0 strategic direction focused on intelligence [1] - The automatic charging robots are set to be commercialized in various scenarios, including a collaboration with Alipay for an AI automatic charging and contactless payment project [1] Group 2 - Numerous domestic and international companies, including Tesla, Huawei, and Xiaomi, are enhancing smart charging technologies, moving from single-function devices to interactive and adaptive systems [2] - Zhida Technology has been developing core technologies for automatic charging robots since 2016, with successful implementations in over 100 global application scenarios [2] - Zhida Technology has submitted a listing application to the Hong Kong Stock Exchange, aiming to issue approximately 20.63 million shares, with a pre-IPO valuation of around 3 billion yuan [2]

Core Viewpoint - The launch of the "Ling Snake SmartLink," a new generation of automatic charging robots by Zhida Technology, marks a significant technological breakthrough and industry innovation, aiming to reshape the interaction between people, vehicles, and charging stations, aligning with the company's strategic focus on intelligent solutions [1][6]. Industry Overview - The Chinese automotive industry has transitioned from electric vehicle (EV) awareness to leading in smart technology over the past 15 years, with a notable increase in EV adoption post-2015, driven by strategic developments and the opening of production qualifications [4]. - By 2024, the penetration rate of new cars meeting L2 standards in China's passenger car market is expected to rise from 52.1% in 2023 to 59.7%, with nearly 70% of mid-to-high-end models priced above 100,000 yuan meeting this standard [4]. Technological Advancements - The automatic charging sector is evolving rapidly, with automation in driving, parking, and energy replenishment becoming increasingly feasible across various scenarios, including highways and smart communities [5]. - Zhida Technology has invested in core technology development since 2016, establishing a 2.0 strategic goal focused on global, digital, and intelligent advancements in automatic charging technology [6]. Product Launch and Features - The "Ling Snake SmartLink" is the sixth generation of Zhida's snake-shaped flexible arm automatic charging robot, featuring a unique rope-driven flexible arm structure that offers cost efficiency, strong environmental adaptability, precision in connection, and safety [6][11]. - The company has successfully implemented its automatic charging robots in over 100 global applications, including locations like Hong Kong Airport and Qatar Science Park, indicating a growing demand for automatic charging solutions as autonomous driving technology expands [11]. Market Position and Global Expansion - Zhida Technology has shipped over 1.7 million charging stations, holding a 15.6% market share in China and a 9.5% share globally, with a complete production, sales, and service system established for overseas operations [12]. - The company has initiated a global expansion strategy, achieving dual certification for European and American standards and covering over 20 markets, with plans to localize manufacturing capabilities in regions like the Middle East and South America [12][13]. Future Outlook - Zhida Technology is entering a new phase of accelerated global expansion, focusing on a dual-driven strategy of domestic and international market synergy, alongside intelligent charging and green energy management [13]. - The company aims to leverage its position as a leader in the smart charging sector to contribute to global energy transition and carbon neutrality goals through innovation and capital empowerment [13].