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

Market Focus
Jul 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.

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