手机号 15769519125 2025 年 中国氢能源行业市场 研究报告 主编：雷静兰 编辑：张潞玮 商业合作： collaboration@shuoyuanconsulting.com 1 / 32 1.中国氢能源行业概述 1.1 氢能源的定义与分类 1.1.1 氢能源的基本概念 氢能源是指以氢气作为能源载体，通过燃烧或电化学反应释放能量的一种清洁 能源形式。氢气作为一种高效的能源载体，具有许多显著的优势。氢能源因其 高能量密度、清洁环保特性及多领域应用潜力，被视为推动绿色低碳发展和能 源结构转型的重要战略能源。目前，全球多个国家和地区纷纷加大对氢能源技 术研发和基础设施建设的投入，推动氢能产业链的完善，包括制氢、储氢、运 氢和加氢站等关键环节。绿色制氢技术的发展尤为重要，即利用可再生能源电 解水制氢，避免传统制氢过程中的碳排放，从根本上实现氢能的清洁化。 综上所述，氢能源作为一种安全、高效、环保的能源形式，不仅在技术上日趋 成熟，而且在政策和市场的推动下，正逐步成为全球能源转型和实现碳中和目 标的重要支柱。未来，随着技术进步和成本降低，氢能源有望在全球范围内得 到更广泛的应用和推广，助力构建绿色低碳的能 ...

（原标题：Pzena Investment Management, LLC减持潍柴动力(02338)372.9万股 每股作价约19.98港元） 智通财经APP获悉，香港联交所最新资料显示，12月5日，Pzena Investment Management, LLC减持潍柴 动力(02338)372.9万股，每股作价19.9765港元，总金额约为7449.24万港元。减持后最新持股数目约为 1.54亿股，最新持股比例为7.90%。 ...

香港联交所最新资料显示，12月5日，Pzena Investment Management,LLC减持潍柴动力（000338） (02338)372.9万股，每股作价19.9765港元，总金额约为7449.24万港元。减持后最新持股数目约为1.54亿 股，最新持股比例为7.90%。 ...

据 香港交易所 披露， 贝莱德 （BlackRock）对 潍柴动力 股份有限公司- H股的多头持仓比例于2025年 12月4日从6.92%增至7.02%；在 美团 -WH股的持股比例于12月03日从6.13%降至5.89%。 ...

本文源自：金融界AI电报 据香港交易所披露，贝莱德（BlackRock）对潍柴动力股份有限公司 - H股的多头持仓比例于2025年12月 4日从6.92%增至7.02%。 ...

证券日报网讯12月9日，潍柴动力（000338）在互动平台回答投资者提问时表示，公司发电产品已出口 至美国、欧洲等市场。 ...

Core Viewpoint - Weichai Power is actively expanding its presence in the Southeast Asian data center market, which is currently experiencing rapid growth [1] Group 1: Company Strategy - Weichai Power is engaging in close communication and collaboration with domestic CSP companies in the fields of SOFC and cogeneration [1] - The company aims to jointly promote cooperative development in the Southeast Asian data center sector [1] Group 2: Market Trends - The Southeast Asian data center market is in a phase of high growth [1]

Group 1 - The company, Weichai Power, confirmed that its hydrogen energy and engine products are not currently applied in the aerospace field [2]

Core Insights - Shandong Heavy Industry Weichai Group aims for significant growth in commercial vehicle sales, targeting 450,000 engines and 61,000 new energy vehicles in 2026, up from 420,000 engines and approximately 20,000 new energy vehicles in 2025 [1][21] Group 1: 2025 Performance - In 2025, Weichai's heavy-duty engine market share reached 34%, maintaining its industry leadership [3][23] - The light-duty engine sales surpassed 110,000 units, reflecting a 10% year-on-year growth [3][23] - The company entered the pickup/VAN market, with the WP2H model expected to sell 13,000 units, marking a 134% increase [5][25] Group 2: 2026 Market Outlook - The heavy-duty truck market is projected to reach 1.13 million units in 2026, a 2% increase, with domestic sales expected at 790,000 units [9][29] - The light-duty truck market is anticipated to reach 750,000 units, also a 2% increase, with new energy light-duty trucks expected to grow by 11% [9][29] Group 3: Product Launches and Innovations - Weichai introduced three new commercial vehicle engines: WP14NG, WP5H, and WP2.5T, along with new battery and electric drive systems [1][21] - The WP14NG-4.0 engine features a displacement of 14 liters, a maximum power of 610 horsepower, and a torque of 2800 N·m, showcasing significant performance improvements [13][33] - The WP5H engine has been upgraded to 4.9 liters and 300 horsepower, designed for heavy-duty applications [15][35] Group 4: Strategic Goals and Initiatives - Weichai plans to enhance its overseas market presence, targeting sales of 130,000 units internationally [9][29] - The company aims to leverage new product launches and optimize existing products to improve competitiveness and meet customer needs [11][31] - The focus on new energy solutions is expected to drive growth, with a comprehensive product lineup in batteries, motors, and control systems [5][25]

Core Insights - Shandong Heavy Industry Weichai Group held its 2026 Business Conference, showcasing over 150 green, low-carbon high-end products and launching more than ten new products and service models, highlighting its product mix advantages and technological strength [1] Group 1: Company Performance - Weichai has become a leading industrial equipment multinational group in China, with annual revenue exceeding 300 billion yuan, and ranks 87th in the "2025 China Enterprise 500" list with projected revenue of 312.29 billion yuan for 2024 [3][5] - The company is focusing on innovation-driven growth, aiming to enhance its multi-dimensional power industry structure and contribute to the upgrade of China's manufacturing industry [3][5] Group 2: Market Position and Product Development - Weichai's market leadership is reinforced, with its engine market share remaining the highest in the domestic industry, and significant sales growth in strategic markets such as Southeast Asia, Latin America, and Europe [6][10] - The company has launched the world's first 5-megawatt high-speed diesel generator set, achieving the highest power density globally, and has made breakthroughs in solid oxide fuel cell technology [8][10] Group 3: Future Strategy and Growth Areas - Weichai plans to leverage its strengths in high-end products, expand into new energy and hydraulic markets, and enhance its after-market service solutions, transitioning from a parts sales model to a service-oriented approach [10][12] - The company aims to deepen strategic collaboration, enhance digital capabilities, and build a new ecosystem in the power industry, positioning itself as a leader in technology and green development [12]