Weichai Power stock rose 17% in Hong Kong. UK clean energy technology developer, Ceres Power, reached a production license agreement with its largest Chinese shareholder, WEICHAI POWER, according to Ceres Power's announcement.
WEICHAI POWER will produce Ceres' solid oxide fuel cells (SOFC) in China for use in stationary power systems, targeting AI data centers, commercial buildings and industrial power supply.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.