Zhongshan Broad-ocean Motor to acquire 9.9% stake in Canada-based Ballard Power  [ China ]

Zhongshan Broad-ocean Motor Co., Ltd. announced that Zhongshan Broad-ocean Motor (Hong Kong) signed a contract on July 26, 2016 to acquire a 9.9% stake in Canada-based Ballard Power Systems Inc. The Hong Kong subsidiary agreed to purchase new shares that will be issued by Ballard Power for USD 28.3 million. Ballard Power was established in 1979. It started developing fuel cells in 1983, and cur...
<Jul 28, 2016>