The Zhitong Finance App learned that Weichai Power (02338) fell nearly 10% in early trading. As of press release, it decreased by 8.70% to HK$21.62, with a turnover of HK$443 million.

According to the news, the Democratic Party won control of the US Senate and House of Representatives, and won state elections in major data center towns such as Texas, Georgia, and Ohio. Goldman Sachs said that the Democratic Party's victory may have a significant impact on the AI and data center industry's regulatory environment. It is expected to affect about 45% of the planned data center capacity expansion in the US, of which Texas accounts for 25%. Goldman Sachs said that some US utilities and power generation companies that supply power to data centers may be under pressure as a result.

Weichai Power's performance shows that in the first three quarters, sales of M-series high-end engines with power generation as the core application scenario exceeded 11,000 units, surpassing last year's annual sales volume, with a year-on-year increase of more than 40%. Among them, data center power generation products sold more than 2,700 units, an increase of nearly 200% year on year, and sales reached about 1,300 units in a single quarter alone.

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