Ballard collaboration with Weichai Power to advance China strategy

摘要

Canadian-based Ballard Power Systems has entered into a strategic collaboration with Weichai Power Co Ltd in China, which will establish a joint venture to support the fast-growing fuel cell electric vehicle market in China. The deal also includes a technology transfer programme to the JV for Chinese bus, commercial truck and forklift applications, and Weichai committing to build and supply fuel cell modules for commercial vehicles in China. Ballard has also entered into a separate agreement to divest certain non-core Power Manager assets of its Protonex subsidiary, to a US-based company.