HK Stock Market Move | Weichai Power (02338) rose more than 4% to hit a new high, as the shortfall in North American electricity continues to expand, benefiting AIDC's power generation equipment business.

Weichai Power (02338) rose more than 4%, reaching a high of 30.98 Hong Kong dollars, setting a new historical high. As of the time of writing, it has increased by 4.73% to 30.98 Hong Kong dollars, with a turnover of 278 million Hong Kong dollars. On the news front, Morgan Stanley recently raised the cumulative power gap in the US data centers from 44 gigawatts to 47 gigawatts for the years 2025-2028, which is equivalent to the total electricity consumption of 9 Miamis or 15 Philadelphias. The shortage of power supply has become a core bottleneck restricting the expansion of AI computing power. Tech giants are seeking new solutions, with multiple data centers considering building their own power facilities. Elon Musk's AI company xAI purchased 5 gas turbines at the beginning of the year to provide power for its continuously expanding supercomputer cluster. Cathay Haitong believes that Weichai Power is expected to transform from a company mainly producing power chains for heavy trucks to a comprehensive supplier of AIDC power generation equipment. Against the backdrop of rapid growth in global AIDC investments and the deepening phenomenon of "power shortages" in the US, Weichai Power's various AIDC power generation equipment businessesreciprocating gas power generation units, SOFCs, and diesel generators for backup powerall have the potential for high growth. Taking into account the increasing profitability of Weichai Power's AIDC power generation business, it is believed that the company has significant growth potential.