stock market Photo:VCG

After Chinese motorcycle manufacturer ZXMOTO won landmark victories in the World Supersport (WorldSSP) category at the Portuguese round of the Superbike World Championship, the stock prices of related A-share companies rose on Tuesday.

ZXMOTO's two associated A-share firms - Zhejiang Hongchang Electrical Technology Co and Hangzhou HopeChart IoT Technology Co - were up strongly at Tuesday's close. According to financial data provider Tonghuashun, Zhejiang Hongchang Electrical Technology Co jumped 20 percent to close at 42.29 yuan ($6.12) per share, while Hangzhou HopeChart IoT Technology Co advanced 16.26 percent to 30.60 yuan per share. 

The A-share motorcycle sector rose 4.94 percent overall, bjnews.com.cn reported on Tuesday. 

Over the weekend, ZXMOTO secured a landmark double victory in the WorldSSP class, a support category within the Superbike World Championship, rather than the premier WorldSBK class. However, the results represent a milestone for a Chinese manufacturer competing against established international brands in a globally recognized championship, the Xinhua News Agency reported.

Following this development, Zhejiang Hongchang Electrical Technology's stock price hit its 20 percent daily limit on Monday. Data from corporate information platform Tianyancha revealed that the company is an indirect investor in ZXMOTO, according to bjnews.com.cn. 

On Tuesday, Hangzhou HopeChart IoT Technology Co surged more than 16 percent. The company is a "strategic partner" of ZXMOTO. In February this year, the company revealed in an official WeChat public account article that it had officially sponsored ZXMOTO's campaign in the 2026 World Superbike Championship.

ZXMOTO, based in Southwest China's Chongqing, was founded in April 2024 by entrepreneur Zhang Xue. The company unveiled its first model at the Chongqing International Motorcycle Trade Exhibition in September that year, with initial deliveries beginning in March 2025, Xinhua reported.

According to media reports, ZXMOTO completed its Series A round in March, securing 90 million yuan with a post-fundraising valuation of approximately 1.09 billion yuan.

In an interview with the Global Times on Monday, Zhang Xue said that "In 10 years, I hope there will be no distinction between imported and domestic motobikes in terms of product quality and performance." He added that "they will be completely the same as international top-tier brands, or more directly, ZXMOTO will be an international top-tier brand."

Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Tuesday that Zhang's motorcycle success is a microcosm of Chinese manufacturing. Relying on the country's complete industrial chain and strong foundational capabilities, China's manufacturing sector continues to foster innovation abilities, as well as fresh productive forces, Wang noted.

Global Times