Great find! This reminds me of PSIX (US-listed, 51% owned by Weichai). PSIX sells very similar products in the US and has a strong relationship with Weichai. PSIX's CEO used to work at Cummins too! There was a massive re-rating as PSIX gradually sold more engines to data centers rather than to buses and trucks. Excited to see what 2722 can do!
There’s also another wonderful JV hidden in its investment income line item which is its JV with Hitachi to make high end transformers
Yes very good point, another extremely high quality business that just reached profit inflection point after the new factory move
Great find! This reminds me of PSIX (US-listed, 51% owned by Weichai). PSIX sells very similar products in the US and has a strong relationship with Weichai. PSIX's CEO used to work at Cummins too! There was a massive re-rating as PSIX gradually sold more engines to data centers rather than to buses and trucks. Excited to see what 2722 can do!