Ballard Power Systems to acquire 19.9% stake in Weichai Power

Ballard Power Systems entered a strategic collaboration to acquire a 19.9% interest in Weichai Power for approximately $163 million, and agreed to establish a joint venture for fuel cell electric vehicles in China.

“Weichai has also committed to build and supply at least 2,000 fuel cell modules for commercial vehicles in China, as part of the agreement.”power-technology.com

• 1 source
• power-technology.comM&As this week: Ballard Power Systems, Prayagraj Power Generation Company, Vectren Corporation - Power TechnologysmadhukarAug 30, 2018

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