HK Stock Market Move | Weichai Power (02338) is now up over 5%. Demand for AIDC power supplies continues to surge, and its power business is about to experience an explosive growth.

Weichai Power (02338) opened 10% higher in early trading, with gains narrowing to 5% after the open. As of press time, it is up 5.41% at HK$31.16, with a turnover of HK$372 million. On the news front, according to the latest TrendForce report, in order to meet the surging demand for AI applications, cloud service providers (CSPs) are accelerating the deployment of related infrastructure. Global data center power demand capacity is estimated to reach 161GW in 2026, a year-on-year increase of about 31%, with the main growth driver being AI Servers, which are estimated to account for 33.4% of total demand capacity. Changjiang pointed out that in terms of diesel generators, the company has entered the core supply chain of a leading US CSP giant, with AIDC diesel generator sales of over 1,400 units in the first half of the year, a year-on-year and quarter-on-quarter increase of 137%. In terms of gas generators, for primary power supply, the gas engine has passed US UL certification and is about to begin shipments. With sufficient production capacity, next year's sales target may be further revised upward. In terms of SOFC, the company has already signed cooperation agreements with strategic customers in Europe, Asia-Pacific and other regions. With production capacity being realized by the end of the year, it is expected to contribute incremental profit next year.