# Weichai acquires 19.9% stake in Ballard Power Systems for US$163.6M

Weichai Power's subsidiary Weichai HK acquired 46.1 million common shares, about 19.9% of Ballard Power Systems, in exchange for an equity investment of about US$163.6 million, a China joint venture, and a $90 million technology transfer program.

- Type: Acquisition
- Announced: 2018-11-13
- Where: Vancouver, Canada
- Value: $163.6M
- Status: announced
- Capacity: at least 2,000 fuel cell modules for commercial vehicles in China
- Products: fuel cell stacks, fuel cell power 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)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/weichai-power-hong-kong-international-development-co-weichai-hk-announces-acquisition-of-common-shares-of-ballard-power-systems-inc-700415532.html), 2018-11-13: "Weichai HK acquired 46,131,712 common shares ... representing approximately 19.9% of the Company's issued and outstanding Common Shares."

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