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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,479,182
Close 2021-05-03 C$ 24.84
Recent Sedar Documents

Ballard, Linamar to co-develop fuel cell powertrains

2021-05-03 13:03 ET - News Release

Also News Release (C-LNR) Linamar Corp

Mr. Guy McAree of Ballard reports

BALLARD AND LINAMAR FORM STRATEGIC ALLIANCE TO DEVELOP FUEL CELL SOLUTIONS FOR LIGHT-DUTY VEHICLES

Ballard Power Systems Inc. and Linamar Corp. have formed a strategic alliance for the co-development and sale of fuel cell powertrains and components for Class 1 and 2 vehicles, weighing up to five tons, initially in North America and Europe.

With emission regulations, zero-emission vehicle mandates and low-emission zones in place in many jurisdictions around the world, there is a key imperative to find truly green end-to-end solutions that combine zero-emission operation with zero-emissions fuel sources. Fuel cell electric vehicles (FCEVs) are an answer to that challenge.

In particular, there is growing demand for FCEVs that can operate on long duty cycles -- without payload compromise -- and be rapidly refuelled in order to maximize fleet utilization.

In the initial phase of work under a framework agreement, a fuel cell powertrain solution will be developed, with Ballard providing the fuel cell subsystem and Linamar providing the rolling chassis, tanks, enclosures, cradles and other balance of plant needs as well as final assembly. Following successful testing of the demonstration platform, Ballard and Linamar contemplate the formation of a joint venture to sell and support powertrains with fuel cell systems and an interchangeable rolling chassis for use in a range of light-duty Class 1 and 2 vehicles, including passenger cars, SUVs, light trucks and commercial vans.

"The establishment of this partnership to commercialize solutions for light duty vehicles using fuel cell technology is transformative for the future of mobility and combines the global technology leadership of two great Canadian businesses," said Linamar chief executive officer Linda Hasenfratz. "Our plug-and-play concept will make the evolution from battery electric vehicles to FCEV seamless and drive real change in terms of environmental sustainability."

Randy MacEwen, Ballard president and CEO, added: "We are excited to form a strategic alliance with Linamar, a leading global manufacturer of precision products and powertrain system solutions that is leaning into the future of zero-emission mobility. In addition to our existing joint working relationship on the recently announced UPS delivery vans trial in California, we now deepen our collaboration based on a joint vision to provide zero-emission fuel cell powertrains for light-duty vehicles, particularly those that require long range, extended duty cycle and rapid refuelling."

About Ballard Power Systems Inc.

Ballard Power's vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM (proton exchange membrane) fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.

About Linamar Corp.

Linamar is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The company is made up of two operating segments, the industrial segment and the transportation segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The industrial segment comprises Skyjack and MacDon. Skyjack manufactures scissor, boom and telehandler lifts for the aerial work platform industry. MacDon manufactures combine draper headers and self-propelled windrowers for the agricultural harvesting industry. The transportation segment is subdivided into three regional groups: North America, Europe and Asia-Pacific. Within the transportation segment, the regional groups are vertically integrated operations combining expertise in light metal casting, forging, machining and assembly for both the global electrified and traditionally powered vehicle markets. The transportation segment products are focused on both components and systems for new energy powertrains, body and chassis, driveline, engine, and transmission systems of these vehicles. McLaren Engineering provides design, development and testing services for the transportation segment. Linamar has over 26,000 employees in 61 manufacturing locations, 12 research and development centres, and 25 sales offices in 17 countries in North and South America, Europe, and Asia, which generated sales of $7.4-billion in 2019.

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