30 September 2025 | 10:03AM HKT Equity Research Weichai Power (000338.SZ): NDR takeaways: More than just HDT; concerns around HDT cycle and electrification look overdone We hosted Weichai's management team for an investor group call on Sep 29th. During the call, management addressed the three key market concerns including: 1) HDT cyclical outlook into 2026 and beyond; 2) the impact of accelerating truck electrification; and 3) engine market share dynamics. Management also shared more color on: 1) 3Q25 trend ...