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Weichai Power to acquire 19.9% stake of Ballard Power Systems to invest in hydrogen fuel cell business

On August 29, 2018, Weichai Power Co., Ltd. and Ballard Power Systems Co., Ltd. signed a strategic alliance agreement in Jinan, Shandong. According to the agreement, Weichai Power is going to acquire 19.9% shares of Ballard Power Systems at the cost of USD 163 million and become the largest shareholder of the Canadia....

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