# 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.

- Type: Acquisition
- Announced: 2018-08-31
- Where: China
- Value: $163.0M
- Status: announced
- Products: fuel cell modules, fuel cell stacks, power modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ballard Power Systems](https://endata.com/companies/864.md) (acquirer)
- [Weichai Power](https://endata.com/companies/4175.md) (target)

## Sources

- [power-technology.com](https://www.power-technology.com/news/mas-week-ballard-power-systems-prayagraj-power-generation-company-vectren-corporation/), 2018-08-30: "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."

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