Weichai Power (02338) Rises Over 4% Before Noon Amid Global AI Infrastructure Expansion and Surge in AIDC Large-Bore Engine Shipments

Stock News11-17

Weichai Power (02338) surged over 4% before noon, reaching a 3.75% increase to HK$19.63 by the time of writing, with a trading volume of HK$217 million. The rally follows intensified AI infrastructure investments by global cloud computing leaders, driving a sharp rise in demand for large-bore engines due to increased deployment and planning of intelligent computing centers. According to CICC estimates, China's data center engine market for this category is projected to approach RMB 10 billion by 2025, with the global segment expected to hit RMB 41.1 billion in 2026. Higher power requirements for AI data centers (AIDC) are pushing up both the unit power and pricing of engines, creating a dual boost in volume and value. Changjiang Securities highlights Weichai Power’s strong prospects in large-bore and data center engines, reporting H1 shipments of ~5,000 units (+41% YoY), including 600 AIDC large-bore engines (+491% YoY). Jefferies notes that Weichai’s average selling price for large-bore engines in the first three quarters exceeded RMB 500,000, up from ~RMB 400,000 in 2024, primarily driven by data center products.

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