According to the CITIC Construction Investment Research Report, 2026Q2 global combustion engine orders were about 38 GW, a record high in a single quarter, and the US contributed nearly half; the capacity of gas power generation projects entering the construction phase in the first half of the year increased 76% to 52 GW, of which 16.9GW is planned to directly supply power to the data center; at the same time, the internal combustion engine development capacity of data center related projects has more than doubled to 45 GW in the past six months, accounting for about a quarter of the gas power generation project supporting the data center. In terms of parts, SpaceX plans to build its own combustion engine blade and guide blade casting capacity. The related production capacity is expected to shorten the operation time of the combustion engine by about 18 months, and hot-end components have become a key bottleneck in expanding production of the entire engine. Q2 Global gas engine orders reached a record high, and the scale of gas power generation under construction in the US and the share of AIDC-related projects increased simultaneously. Delivery slots for heavy combustion engines are scarce, some customers need to shorten the production cycle through modular equipment, the gas internal combustion engine market is also growing rapidly, and the gap between supply and demand in the industry will continue. Domestic combustion engines are expected to gain overseas market share faster with shorter delivery cycles, higher cost performance, and continuously enhanced product competitiveness. Firmly optimistic about domestic combustion engines going overseas.

According to the CITIC Construction Investment Research Report, 2026Q2 global combustion engine orders were about 38 GW, a record high in a single quarter, and the US contributed nearly half; the capacity of gas power generation projects entering the construction phase in the first half of the year increased 76% to 52 GW, of which 16.9GW is planned to directly supply power to the data center; at the same time, the internal combustion engine development capacity of data center related projects has more than doubled to 45 GW in the past six months, accounting for about a quarter of the gas power generation project supporting the data center. In terms of parts, SpaceX plans to build its own combustion engine blade and guide blade casting capacity. The related production capacity is expected to shorten the operation time of the combustion engine by about 18 months, and hot-end components have become a key bottleneck in expanding production of the entire engine. Q2 Global gas engine orders reached a record high, and the scale of gas power generation under construction in the US and the share of AIDC-related projects increased simultaneously. Delivery slots for heavy combustion engines are scarce, some customers need to shorten the production cycle through modular equipment, the gas internal combustion engine market is also growing rapidly, and the gap between supply and demand in the industry will continue. Domestic combustion engines are expected to gain overseas market share faster with shorter delivery cycles, higher cost performance, and continuously enhanced product competitiveness. Firmly optimistic about domestic combustion engines going overseas.