Zhongshan Broad-Ocean Motor

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

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.

Weichai Power signed a deal to acquire a 19.9% stake in Ballard Power Systems for $163 million and establish a joint venture in China. The joint venture will manufacture Ballard's next-generation fuel cell stacks for Chinese markets.