Weichai Power (02338) climbed more than 5% in early trading. As of press time, the stock was up 4.48%, trading at HK$30.80, with a turnover of HK$92.9223 million.

In September of this year, Generac announced that it had reached a supply agreement with Amazon for backup generators for data centers, with initial deliveries of backup generators expected to total US$2.4 billion in 2027 and 2028. It is understood that Weichai Power has established a partnership with Generac, leveraging its channels and customer resources in the North American backup power and distributed energy markets to accelerate the deployment of gas generator sets in high-end scenarios such as data centers and power security.

Guohai Securities stated that Weichai Power is transitioning from a traditional powertrain supplier to a "high-end power plus energy solutions provider," and its AIDC power business is expected to become a core variable for mid-term earnings growth and valuation improvement. Amid the resonance of a booming data center power infrastructure sector and a cyclical recovery in the heavy truck industry, the company has entered a new growth cycle, and its valuation framework is expected to undergo a re-rating.