# Zhongshan Broad-Ocean Motor invests $20 million in Ballard Power Systems

Zhongshan Broad-Ocean Motor agreed to invest $20 million in Ballard Power Systems, maintaining a 9.9% ownership stake.

- Type: Investment
- Announced: 2018-08-31
- Where: Canada
- Value: $20.0M
- Status: announced
- Products: fuel cell products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [power-technology.com](https://www.power-technology.com/news/mas-week-ballard-power-systems-prayagraj-power-generation-company-vectren-corporation/), 2018-08-30: "Zhongshan Broad-Ocean Motor will maintain a 9.9% ownership in Ballard, following the investment."

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