On July 21, Weichai Power rose 3.1% in regular trading, trading at HK$30.68/share, with turnover of HK$53.61 million.

On the news front, multiple catalysts are driving the stock higher. The company's self-developed WP15 direct-injection heavy-duty hydrogen internal combustion engine recently passed CATARC's China VI emission certification, making it the world's first heavy-duty hydrogen ICE to complete full core regulatory verification, laying the groundwork for zero-carbon commercialization. Additionally, the company was granted a new utility patent for a hydrogen-blended engine intake pipe designed for multi-point injection, further deepening its hydrogen energy technology portfolio.

Meanwhile, CMB International reiterated its Buy rating with a target price of HK$45.1, expressing confidence in Weichai's AIDC backup power engine and SOFC solid oxide fuel cell prospects. The firm expects SOFC capacity to reach 30MW by year-end and 200MW by end of next year, potentially contributing approximately RMB 4 billion in revenue in 2028. These combined technology breakthroughs and institutional endorsements are driving sustained upward momentum.

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