Weichai Power to acquire 19.9% stake in Ballard Power Systems
Weichai Power signed a deal to acquire a 19.9% stake in Ballard Power Systems for $163 million and establish a joint venture in China. The joint venture will manufacture Ballard's next-generation fuel cell stacks for Chinese markets.
Productsfuel cell stacksfuel cell modules
“Ballard Power Systems has entered into a strategic collaboration with Weichai Power Co.”gasworld.com
- 4 sources
- gasworld.comBallard signs historic strategic collaboration with Weichai Power | gasworldJoanna SampsonAug 29, 2018
- financialpost.comChinese firm Weichai Power to acquire stake in Ballard Power SystemsAug 29, 2018
- hydrogenfuelnews.comWeichai Power acquires stake in Canadian fuel cell company | Hydrogen Fuel NewsHFN EditorialAug 31, 2018
- mromagazine.comChinese firm Weichai Power to acquire stake in Ballard Power Systems - MRO MagazineMRO MagazineThe Canadian PressSep 7, 2018
Summarized from public sources; check the original articles before acting on it.
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