HK Stock Market Move | Weichai Power (02338) up more than 10% in the afternoon, AIDC and data center construction are booming, demand for high-end diesel generators is increasing.

Weichai Power (02338) rose more than 10% in the afternoon, up 10% as of the time of writing, at HK$15.18, with a turnover of HK$479 million. According to reports, Alibaba Capital spending and progress in AI business have exceeded market expectations. In terms of future investment plans, Alibaba will increase capital spending to meet the demand for AI infrastructure, with total capital spending expected to reach 150 billion yuan in the next three years. Shenwan Hongyuan Group said that ByteChain's previous efforts to upgrade the industrial chain have predicted that Alibaba, Tencent and others are likely to increase their investments, thereby boosting the overall industry chain prosperity. Guotai Junan stated that benefiting from the continued high prosperity of domestic AIDC and data center construction, there is a high demand for high-end diesel generators. HAITONG INT'L previously pointed out that considering the power range of diesel generators used for data center backup power is between 1-4MW, it is estimated that by 2028, the total number of diesel generators used for data center backup power worldwide will need to reach 100,000 units. There is a significant incremental demand for diesel generators used in data centers, with a focus on leading diesel engine company Weichai Power.