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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,603,412
Close 2021-09-08 C$ 19.61
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Post says Ballard partners with Germany's Quantron

2021-09-09 08:56 ET - In the News

The Financial Post reports in its Thursday edition that Ballard Power Systems has struck a partnership with Germany's Quantron AG to put its hydrogen fuel cell drivetrains into three types of heavy commercial vehicles to be delivered in the second half of 2022. The Post's Gabriel Friedman writes that Hapsburg-based Quantron calls itself an e-mobility specialist: It produces zero-emission vehicles by retrofitting used diesel trucks with battery-electric drivetrains and hydrogen fuel cell drivetrains or by building them new. Last month, the company announced it delivered 30 zero-emission electric delivery trucks to furniture maker Ikea for use in Vienna. For Vancouver-based Ballard, the partnership marks another incremental expansion as it awaits further policy announcements in China, where it has a joint venture partnership with Weichai Power Corp. that could put its hydrogen fuel cells into commercial trucks and trains at scale. The latest deal with privately held Quantron, announced Tuesday, would retrofit existing 7.5-ton and 44-ton diesel trucks with Ballard's hydrogen fuel cell system and also put it into brand new garbage collection trucks. Ballard closed Wednesday at $19.61, down $1.84 in Toronto.

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