On June 12, Weichai Power (02338.HK) rose 5.08% in regular trading, trading at HK$35.16/share with turnover of HK$321 million, rebounding sharply after consecutive sessions of decline that saw the stock drop over 15% from recent highs.

On the news front, the company disclosed on June 11 that it is accelerating SOFC (Solid Oxide Fuel Cell) production capacity construction and striving to achieve mass production within the year. In investor meetings attended by Bosera Fund and Guohai Securities on June 10, the company highlighted its diversified data center power product portfolio covering diesel, natural gas, and SOFC technologies, with sales volumes exhibiting high-speed growth driven by global data center backup power demand expansion.

Additionally, Weichai Power was officially included in the FTSE China A50 Index effective June 22, with passive tracking funds expected to initiate position-building ahead of the effective date. Goldman Sachs maintains a Buy rating, citing AI data center power generation as a structural growth driver offsetting traditional business cyclicality.

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