Weichai Power to invest $163M in Ballard Power Systems

Weichai Power will invest approximately $163 million in Ballard Power Systems for a 19.9% stake, and establish a joint venture with a $90 million technology transfer program. The deal also includes a commitment by Weichai to build at least 2,000 fuel cell modules for commercial vehicles in China.

“Ballard Power Systems today announced at a public event in Jinan, Shandong Province, China that it has entered into a strategic collaboration with Weichai Power Co., Ltd.”sec.gov

• 1 source
• sec.govAug 29, 2018

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