HK Stock Market Move | Weichai Power (02338) rises nearly 5% again, with strong overseas demand for SOFC. The company is accelerating the increase of SOFC production capacity.

Weichai Power (02338) rose nearly 5% again, continuing to refresh its historical high. As of the time of publication, it has risen by 4.84% to HK$24.68, with a turnover of HK$520 million. On the news front, with the high growth of AIDC investments, the power generation equipment and backup power market are also experiencing rapid growth. Many domestic and foreign engine giants continue to layout the AIDC power generation equipment track. Weichai Power recently stated that there is strong demand for power generation products for data centers, with production and sales booming, and they are accelerating the increase in SOFC capacity to meet customer demand. Changjiang released a research report stating that the global AI wave is rising, Weichai actively layout data center backup power diesel engines (large cylinder diameter) and main power source SOFC; the large cylinder diameter business has entered a rapid volume growth cycle, with continuous performance realization; the overseas demand for SOFC is strong, and the company has already reached intention orders, with scale production expected by 2027, offering huge growth potential in the future.