22:10:03 EDT Wed 08 May 2024
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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 298,607,226
Close 2024-01-02 C$ 4.84
Market Cap C$ 1,445,258,974
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Ballard Power appoints Chen, Wang as directors

2024-01-02 10:46 ET - News Release

Mr. Jim Roche reports

BALLARD ANNOUNCES SUCCESSION OF TWO WEICHAI NOMINEES TO BOARD OF DIRECTORS

Ballard Power Systems Inc. has appointed Dr. Wenmiao (Michael) Chen and Yingbo Wang to the Ballard board of directors to serve as Weichai's nominees following the planned retirements of Kevin Jiang and Sherman Sun from Ballard's board.

Jim Roche, Ballard's chair, commented: "Michael and Yingbo bring valuable experience in power engineering and new energy technologies in the China market. We welcome their contributions to Ballard's growth strategy and competitive positioning."

Dr. Chen currently serves as the chief executive officer of Weichai Ballard Hy-energy Technologies Co. Ltd. and vice-general manager of Weichai Holding Group. He has served in various engineering and management roles at Weichai Power since 2010. Dr. Chen earned a PhD in power engineering and engineering thermophysics from Tsinghua University.

Mr. Wang is the chief executive officer of Weichai New Energy Power Technology Co. Ltd., director of the New Energy Research Institute and assistant general manager at Weichai Power. He has held engineering and management roles at Weichai Power since 2012. Mr. Wang earned a master of mechatronics engineering at Southwest Jiaotong University.

Mr. Roche, added: "We deeply appreciate the valued contributions of Kevin and Sherman to Ballard's board of directors over the past five years. We have admired their professionalism and dedication to Ballard's global business and have benefited from their perspectives on the China heavy-duty engine market."

About Ballard Power Systems Inc.

Ballard's vision is to deliver fuel-cell power for a sustainable planet. Ballard zero-emission PEM [polymer electrolyte membrane] fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels and stationary power.

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