According to Citigroup in "The Big Banks," Weichai is expected to allocate more resources to the energy supply sector, with the rating upgraded to "Buy."

Citi published a research report stating that considering the strong demand for solid oxide fuel cells and active and passive energy supply from AI data centers, it believes that Weichai Power (02338.HK) may take strategic measures to gradually shift more resources from the mechanical field to the energy supply sector, providing certain support for the group's long-term growth. The bank raised its sales forecast for Weichai's large engines and engines used in data centers for 2025 to 2027, and increased its net profit forecast by 1% to 4%.

Citi also indicated that after reviewing recent dealer and industry data, it still believes that demand for heavy trucks in China may maintain stable growth this year, raising Weichai Power's target price from 21.3 yuan to 34 yuan, upgrading its rating from "Neutral" to "Buy," and believes that last year's impairment for Kion will only have a one-time impact, while future benefits will come from related cost reduction measures