Ballard Power Systems has signed an agreement with Guangdong Nation Synergy Hydrogen Power Technology to establish a production operation for fuel cell stacks in China's Guangdong Province. Randy MacEwan, Ballard president and CEO, said there is a huge overseas appetite for this technology. The fuel cell stacks will be packaged into locally-assembled fuel cell systems and integrated into Chinese electric buses and commercial vehicles. In addition to the initial investment of $45 million, which is expected to grow over time, the company plans on investing another $100 million by 2020.
Ballard Power Systems has signed an agreement with Guangdong Nation Synergy Hydrogen Power Technology to establish a production operation for fuel cell stacks in China's Guangdong Province. The fuel cell stacks will be packaged into locally-assembled fuel cell systems and integrated into Chinese electric buses and commercial vehicles. In addition to the initial investment of $45 million, which is expected to grow over time, the company plans on investing another $100 million by 2020.