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The share price of Weichai Power has risen by almost 50 percent in the last few weeks. The reason is the partnership with BYD in the electrification of large vehicle fleets. A perfect joint venture, it seems. Weichai Power with BYD could – my guess – be pushing the door open to fuel cells, since...
On Weichai, I unfortunately cannot present any new key figures, but the increased share price indicates that, firstly, things are going well with the hydrogen strategy at China’s largest diesel engine manufacturer and, secondly, China’s expected H2 subsidy program allows for positive estimates here...
We’re seeing a steep decline in earnings at Weichai Power: 2.387 billion CNY gain (minus 63.3 percent compared with the previous year) with a 35.9 percent turnover decrease to 86.74 billion CNY. The subsidiary Kion (45% stake) even saw its share price fall on the stock market from over 120 to 20 EUR...
The shares of Weichai Power could not escape the negative trend in the fuel cell sector. They suffered from the lockdown in China, but now we can see a strong upward trend again.On the stock market, the company is, in relation to those such as the US-based Cummins Engine, too lowly valuated (15...
The company is about to enter a phase of exponential, long-term growth, is my interpretation of the earnings call on March 14, 2022 regarding the 2021 annual figures and the fourth quarter. Year 2023 should really start off with Ballard reaping the fruits of years of intensive research and development, various pilot projects and building up production capacities. The Canadian company is working on scaling production capacity in the target markets bus, truck, rail and ship. But that doesn’t happen overnight.
Although the price of Weichai Power fell away steadily in recent months, it has bounced back very strongly in recent weeks by more than 35 percent. Weichai, as a leading producer of diesel engines in China, is the perfect counterpart to the American corporation Cummins, which is very aggressively...
