# 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.

- Type: Acquisition
- Announced: 2018-08-29
- Where: Jinan, Shandong Province, China, China
- Value: $163.0M
- Status: announced
- Products: fuel cell stacks, fuel cell modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ballard Power Systems](https://endata.com/companies/864.md) (target)
- [Weichai Power](https://endata.com/companies/4175.md) (acquirer)
- [Weichai Power](https://endata.com/companies/4175.md) (investor)
- [Zhongshan Broad-Ocean Motor](https://endata.com/companies/18989.md) (investor)

## Sources

- [gasworld.com](https://www.gasworld.com/story/ballard-signs-historic-strategic-collaboration-with-weichai-power/2085873.article/), 2018-08-29: "Ballard Power Systems has entered into a strategic collaboration with Weichai Power Co."
- [financialpost.com](https://financialpost.com/pmn/transportation-business-pmn/autos-transportation-business-pmn/chinese-firm-weichai-power-to-acquire-stake-in-ballard-power-systems), 2018-08-29: "Weichai Power has signed a deal to acquire a 19.9 per cent stake in Ballard for $163 million and establish a joint venture in China with the Canadian firm."
- [hydrogenfuelnews.com](https://www.hydrogenfuelnews.com/weichai-power-acquires-stake-in-canadian-fuel-cell-company/8535822/), 2018-08-31: "Weichai Power Co. Ltd has signed a deal to acquire a 19.9% stake in Ballard Powers Systems Inc. for $163 million."
- [mromagazine.com](https://www.mromagazine.com/2018/09/07/chinese-firm-weichai-power-to-acquire-stake-in-ballard-power-systems/), 2018-09-07: "Weichai Power has signed a deal to acquire a 19.9 per cent stake in Ballard for $163 million and establish a joint venture in China with the Canadian firm."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.