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14 11 2018 02

Ballard Power Systems has successfully closed a strategic collaboration transaction with Weichai Power Co., Ltd., initially announced in August. (Earlier post.)

This strategic collaboration with Weichai—a leading automotive equipment manufacturer specializing in the production of powertrains, automobiles, intelligent logistics, automotive parts and components—underscores our high conviction in the opportunity for Fuel Cell Electric Vehicles, or FCEVs, in China’s Heavy Duty Motive market. We see our collaboration with Weichai as an important validation of the FCEV value proposition and Ballard’s technology leadership in PEM fuel cells. We expect our partnership to be a positive long-term catalyst for Ballard’s business and for shareholder value.

—Randy MacEwen, Ballard President and CEO

Ballard’s strategic collaboration with Weichai includes the following key elements:

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