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An announcement from Weichai Power Co ( (HK:2338) ) is now available.
Weichai Power Co., Ltd. has announced a manufacturing license agreement with Ceres Power Holdings plc to establish a facility for producing cells and stacks for stationary power markets. This strategic move aims to enhance Weichai’s capabilities in providing power solutions for AI data centers and industrial applications, potentially strengthening its market position and operational scope.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the manufacturing industry. The company focuses on producing power systems and components, targeting markets such as AI data centers, commercial buildings, and industrial applications.
Average Trading Volume: 13,007,963
Technical Sentiment Signal: Buy
Current Market Cap: HK$149.6B
For a thorough assessment of 2338 stock, go to TipRanks’ Stock Analysis page.