Changes in Hong Kong stocks | Sidi Smart Drive (03881) rose more than 3% in the morning, and the company received large orders from the Middle East to increase its domestic and foreign commercialization capabilities with the proceeds from the listing

The Zhitong Finance App learned that Sidi Smart Drive (03881) rose more than 3% in the morning. As of press release, it had risen 2.78% to HK$229.2, with a turnover of HK$122.207 million.

In terms of news, according to information released by Chengdu Economic and Communications, Chengdu, as a pilot city for the “vehicle road cloud integration” application of the National Intelligent Network, is speeding up the development of the intelligent connected vehicle industry. Sidi Smart Driving's Hong Kong stock listing and has received large orders from the Middle East, achieving a major breakthrough. At the 2025 Chengdu-Saudi Industrial Cooperation Matchmaking Conference, the head of Sidi Smart Driving explained, “In the Saudi market, the company's smart heavy trucks must not only conquer the high temperature desert environment, but also accurately match the zero-carbon development needs of the local '2030 Vision'.” The background of this statement is an order worth 2.1 billion yuan to deliver 7,500 high-end customized smart heavy trucks to the Saudi Arabia and Qatar markets.

According to public information, Sidi Smart Driving's Middle East business is centered on Saudi Arabia, covering countries such as Qatar and the United Arab Emirates, and focusing on the four major scenarios of autonomous commercial vehicle driving, smart transportation, smart mining, and intelligent sanitation. Cidi Smart Driving's prospectus revealed that the company plans to use the proceeds from the listing for R&D within the next 5 years; for improving domestic and foreign commercialization capabilities and further strengthening the company's cooperation with domestic and global customers; and for potential investment and mergers and acquisitions aimed at further integrating upstream and downstream resources in the industrial chain.