兴业证券认为，1）在新能源汽车保有量和单车带电量快速提升的背景下，国内充电运营市场呈现较高 景气度，推荐充电运营龙头特锐德（300001），建议关注万马股份（002276）；2）国内新增充电桩稳 定增加，推荐盈利能力持续向上和份额持续扩大的充电模块龙头通合科技（300491），建议关注充电桩 赛道绿能慧充（600212）、盛弘股份（300693）、科林电气（603050）；3）美国新增公共桩开始加 速，建议关注充电桩出海龙头道通科技、炬华科技（300360）。 央视财经报道，从国家电网了解到，假期前7天，国内高速公路新能源车充电量超6185万千瓦时，创出 历史新高。在福建莆田湄洲岛，今年国庆中秋假期前7天登岛游客达到15万人次，据当地电力部门的统 计，截至10月7日，湄洲岛景区周边充电桩日均充电量达7400千瓦时，同比增长30%，是平日的4.6倍。 数据显示，中秋假期当天全国高速公路充电站搜索数同比增长超12.5%，10月1日到7日同比增长超 25%。 东方证券指出，1）充电桩市场将由追求速度与规模，加快转向高质量发展新阶段。2）大功率趋势下， 核心器件与整桩设备迎来升级。大功率意味着高电压和大电流的结合，对 ...

工信部计划2025年实现车桩比2:1，2030年实现车桩比1:1，据此测算2030年电动汽车充电桩保有量将达到 8000万台。 （图片来源：摄图网） 数据显示，今年国庆中秋假期首日，国家电网智慧车联网平台高速公路充电量超1000万千瓦时，同比增长 18%，创历史新高。高速单站充电次数最多的是杭千高速建德服务区液冷超充站（衢州方向）、郴州市欧阳 海高速服务区（广州方向）充电站（二期）、常台高速嘉绍大桥服务区充电站二期（台州方向）。 近日，国庆与中秋双节叠加形成的超级假期来临，自驾游热度飙升，成为众多游客的出行首选。在此背景 下，新能源汽车的能耗优势愈发受到大众关注。 从充电原理来看，充电功率由充电电压与充电电流相乘得出，真正决定充电速度快慢的是功率，而非单纯的 电压或电流。车企热衷于宣传"800V"，是因为提高电压是实现高功率充电的一种高效且"优雅"的技术路径。 通过提升电压，能够有效减少充电过程中产生的热量，进而显著提高充电效率。 近年来，我国充换电基础设施产业呈现出持续高速增长的态势，为新能源汽车规模化市场的快速发展提供了 坚实的支撑。而充电基础设施保有量能够保持如此高的增长速度，离不开政策引导与市场需求的 ...

转自：北京日报客户端 国庆中秋假期过半，民众出行热度持续升温。来自国家能源局数据显示，假期期间，新能源汽车充电量 创历史同期新高，各地多举措做好充电保障工作。 加大大功率充电桩建设 民众出行补电更快 国家能源局最新数据显示，10月1日零时至10月3日18时，全国高速公路充电量达到4380.93万千瓦时， 同比增长51.33%，日均充电量是平日的2.54倍。 国网威海供电公司工作人员 李玉午：液冷超充桩单枪充电功率最高可达到480千瓦，充电效率是常见充 电桩的8倍。 这个假期，国道318川藏南线也迎来最美季节，在川藏南线的主要途经地——甘孜州，当地电力部门在 沿线建设了58个充电站，其中超充站就有12个。每隔60公里就有一处充电点，充分满足新能源车主补能 需求。 为保障车主顺利出行，各地继续加大充电桩、超级充电桩的建设。在山东威海至海港湾景区，4台液冷 超级充电桩在这个假期投入使用，一辆搭载超充模块的新能源车辆10分钟即可满电。 新能源车主 徐先生：这次从上海回老家，特意走了沈海高速。到服务区插上了枪就充上了，充电速度 很快，也不用担心要等很久。 今年以来我国持续加大超级充电基础设施建设力度，截止到今年8月底， ...

Core Viewpoint - Zhida Technology (02650) is set to go public on the Hong Kong Stock Exchange on October 10, 2025, following its IPO from September 30 to October 6, 2025, positioning itself as the largest provider of home electric vehicle charging solutions [1] Group 1: Company Overview - Zhida Technology focuses on providing smart home electric vehicle charging stations to automakers and users, developing a "three-in-one" ecosystem consisting of products, services, and a digital platform [1] - The company has achieved a cumulative global shipment of 1.3 million home electric vehicle charging stations during its track record period, with 1.2 million units shipped in China alone [1]

Core Viewpoint - Zhidatech (02650) is set to go public on the Hong Kong Stock Exchange on October 10, 2025, following its IPO subscription period from September 30 to October 6, 2025 [1] Company Overview - Zhidatech is the largest provider of home electric vehicle charging solutions, focusing on offering smart home EV charging stations to automakers and users [1] - The company has developed a "three-in-one" electric vehicle home charging ecosystem consisting of products, services, and a digital platform, empowering automakers and energy companies [1] Market Performance - During the historical record period, Zhidatech has shipped a total of 1.3 million home electric vehicle charging stations globally [1] - In China, the cumulative shipment of home electric vehicle charging stations has reached 1.2 million units [1]

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].

Core Insights - The article highlights the competitive landscape of the electric vehicle (EV) industry, focusing on the transition from quantity to quality, particularly in the home charging station segment, where Zhidatech is positioned as a leader [1] - Zhidatech's "three-in-one" business model, which integrates products, services, and a digital platform, is seen as a key differentiator that supports its global, digital, and intelligent strategy [2][6] - The company is poised to capitalize on the growing home charging station market, projected to reach RMB 7.2 billion in 2024, with Zhidatech holding a 13.6% market share in China and 9.0% globally [1][4] Group 1: Business Model and Market Position - Zhidatech's home charging stations represent a high-potential segment within the EV market, characterized by a strong business model and significant growth opportunities [1] - The company's revenue structure is diversified, with a focus on service and platform-derived income, which is expected to enhance profitability [4] - The "growth flywheel" concept illustrates how quality hardware, user data, and exceptional service create a self-reinforcing cycle that drives customer loyalty and sales [3] Group 2: Strategic Initiatives - Zhidatech's globalization strategy involves deep localization and partnerships, allowing it to transition from a product seller to a solution provider in various markets, including Thailand and Qatar [6][7] - The digital platform serves as the backbone for operational efficiency and innovation, facilitating the transition from hardware to a comprehensive energy management service [7] - The company's advancements in automation, particularly with its sixth-generation "Ling She" robot, position it as a leader in intelligent charging solutions, enhancing user experience and operational efficiency [8][9] Group 3: Future Outlook - Zhidatech's strategic focus on global, digital, and intelligent initiatives is expected to redefine its market position and drive future growth [5][6] - The integration of digital solutions with hardware sales is anticipated to create a multi-faceted revenue model, expanding the company's growth potential [7] - The company's commitment to innovation and technology, particularly in smart charging solutions, is seen as a critical factor in maintaining a competitive edge in the evolving EV landscape [8][9]

Group 1 - The core viewpoint of the article is that Zhidatech (02650.HK) has launched a global IPO in Hong Kong, aiming to raise approximately HKD 375 million for various strategic initiatives [2] - Zhidatech plans to issue a total of 5.9789 million shares, with 5.381 million shares allocated for international offering and 597,900 shares for public offering in Hong Kong [2] - The price range for the shares is set between HKD 66.92 and HKD 83.63, with the expected net proceeds being utilized for overseas expansion (38.0%), R&D (36.5%), and M&A activities (10.0%) [2] Group 2 - Zhidatech is the largest supplier of home electric vehicle charging stations in China, providing a comprehensive "three-in-one" solution that includes products, services, and a digital platform [3] - The company has established the largest electric vehicle charging station service network in China, covering over 360 cities as of March this year, and has shipped a total of 1.3 million home electric vehicle charging stations globally [3] - Zhidatech has experienced unstable performance with continuous losses over the past few years, reporting revenues of RMB 697 million in 2022, RMB 671 million in 2023, and RMB 593 million in 2024, alongside losses of RMB 25.14 million, RMB 58.12 million, and RMB 236 million during the same periods [3]

在全球电动汽车产业从"量"的爆发迈向"质"的升级十字路口，一场关于能源补给终局形态的竞争已悄然 启幕。当市场目光仍聚焦于整车续航与公共快充时，真正的行业先行者已将战略触角延伸至"车-家- 能"协同互动的广阔蓝海。 挚达科技以"三位一体"打造家用充电桩第一股，不仅标志着一家细分市场龙头即将登陆国际资本市场， 更预示着"家用智能充电桩"这一高增长、高粘性的赛道价值正被机构投资者重新审视与定价。 智通财经APP认为，挚达科技的核心竞争壁垒在于，家用充电桩是电动汽车浪潮中确定性最高、商业模 式最优质的细分赛道之一。弗若斯特沙利文数据显示，2024年全球家用充电桩市场规模已达人民币72亿 元，其中中国市场占比近半。挚达科技凭借其13.6%的中国市场销量份额（排名第一）与9.0%的全球销 量份额，已卡位这一高潜力赛道的制高点。其上市，为资本市场提供了一个直接分享电动汽车"后院经 济"增长红利的稀缺标的。 生态破局："三位一体"增长飞轮构筑护城河 在全球资本市场为电动汽车产业链的每一个环节寻找价值锚点时，一个共识已然形成：最终的赢家，绝 非简单的硬件制造商，而是能够构建闭环生态的系统级玩家。挚达科技由产品、服务与数字化平台 ...

9 月25 日，上海挚达科技发展股份有限公司（下称"挚达科技"）顺利通过港交所聆讯，距离上市只 有一步之遥。 作为一家电动汽车家庭充电解决方案提供商，挚达科技长期位居中国家用充电桩市场第一，并在全球 家用市场同样排名首位，截至 2025 年 3 月 31 日，全球累计出货 130 万台 。 在当前中国新能源电动汽车出海浪潮下，海外家用充电桩需求正加速释放， 挚达科技计划将 IPO 募 资额用于进一步扩建海外生产设施、销售网络等，增强供应链的韧性以及提升对客户的响应度。有望 更加精准捕捉到新能源汽车渗透率快速提升的市场红利。 打通 "最后一公里" 当前，充电仍然是目前电动汽车主流的补能方式。而家用充电桩可以为电动汽车家庭用户提供更低的 充电成本、便捷性和更高的安全性。 近年来，家用充电桩的增长速度明显快于公用充电桩。据中银证券援引第三方数据显示，家用充电桩 保有量从 2016 年的 6 万台增长至 2022 年的 341 万台，年均复合增速达到 96.1% ，高出公用充 电桩同期增速超 40 个百分点。 但 对于电动汽车车主而言 ，实际安装过程中却总是会遇到 " 最后一公里 " 难题 。 一方面，充电桩对售前售 ...