Movement Alert|Weichai Power Rises 3.15% in Regular Trading, Worlds First National VI Heavy-Duty Hydrogen ICE Certification Boosts Sentiment

Market Focus
07/06

On July 6, Weichai Power rose 3.15% in regular trading, trading at HK$38.06/share, with turnover of HK$73.49 million.

On the news front, Weichai Power's self-developed WP15 direct-injection heavy-duty hydrogen internal combustion engine has officially completed full National VI emission certification testing, becoming the world's first heavy-duty hydrogen ICE product meeting National VI standards, laying the foundation for zero-carbon commercialization of heavy-duty equipment.

In addition, Citi previously reiterated a \"Buy\" rating and raised the target price to HK$50, while CITIC Construction Investment also maintained a \"Buy\" rating, citing significant upside valuation potential. Morgan Stanley noted the company's natural gas engine small-batch delivery could be advanced to Q3. The stock had already gained 4.6% in the previous Hong Kong session and 6.59% on the A-share side, with short-term oversold rebound momentum continuing following earlier declines triggered by geopolitical tensions and institutional selling by Wellington Management and JPMorgan.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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