# 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.

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

## Companies

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

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1453015/000127956918001776/ex991.htm), 2018-08-29: "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."

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