HK Stock Market Move | Weichai Power (02338) rose over 5% in early trading. Texas halts the integration of data centers, further enhancing the strategic value of SOFC.

Weichai Power (02338) rose more than 5% in early trading, and as of the time of writing, it increased by 5.11% to HKD 35.4, with a transaction volume of HKD 174 million. On the news front, on August 3, Texas, USA, halted the integration of data centers into the grid, marking a significant narrowing of the integration pathway for data centers. The demand for off-grid and self-supplied power will shift from a backup option to a pre-requisite requirement. CMSC pointed out that pressure from policy requires data centers to accelerate the construction of their own power supply capabilities. SOFC is ideally suited for off-grid independent power supply scenarios, and its strategic value has been further enhanced. It is noteworthy that Weichai Power recently stated that the company is fully committed to accelerating the construction of SOFC production capacity, aiming to achieve mass production by the end of the year; at the same time, it is planning ahead for future capacity construction and accelerating expansion based on market and industry demand. China Securities Co., Ltd. indicated that Weichai Power's core growth engine has shifted from heavy-duty truck powertrains and vehicles to the high-demand AIDC power generation business.