Weichai Power (02338) surged nearly 5% again, continuing to refresh its all-time high. At the time of writing, the stock was up 4.84%, trading at HKD 24.68 with a turnover of HKD 520 million.
On the news front, fueled by the surge in AIDC investments, the power generation equipment and backup power markets are experiencing rapid growth, prompting several major engine manufacturers globally to further invest in the AIDC power generation equipment sector.
Weichai Power recently indicated that demand for its power generation products used in data centers is robust, with both production and sales thriving; the company is accelerating its SOFC capacity expansion to meet customer needs.
Changjiang Securities released a research note stating that amid the global AI wave, Weichai is actively positioning itself in data center backup power diesel engines (large-bore) and primary power SOFC systems; its large-bore business has already entered a period of rapid volume growth, with performance consistently materializing.
The report also highlighted that overseas demand for SOFC is strong, and the company has already secured letters of intent; with the project expected to reach mass production by 2027, its future growth potential is substantial.
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