On July 20, Weichai Power rose 3.09% in regular trading, trading at 30.56 HKD/share, with turnover of HKD 146 million. The rally was driven by the convergence of a major technology milestone and institutional endorsement.

On the news front, the company's independently developed WP15 direct-injection heavy-duty hydrogen internal combustion engine has passed authoritative emission certification by CATARC, making it the world's first heavy-duty hydrogen ICE to complete full National VI regulatory core verification. This breakthrough lays the foundation for zero-carbon commercialization of heavy-duty equipment, reinforcing the company's multi-pathway green transition strategy spanning traditional, clean, and new energy sources.

Additionally, CMBIS recently reiterated its Buy rating on Weichai Power with a target price of HKD 45.1, expressing confidence in the company's AIDC backup power engine business and SOFC (solid oxide fuel cell) prospects. As the largest shareholder of Ceres Power with approximately 17.8% stake, Weichai's SOFC capacity is projected to reach 30MW by year-end and 200MW by end of next year, potentially contributing approximately RMB 4 billion in revenue by 2028.

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