Trade Ballard Power Systems
Ballard Power Systems Inc. is the developer and manufacturer of proton membrane exchange (PEM) fuel cell products for markets such as heavy impulse (consisting of bus and tram applications), portable power, material processing, as well as engineering services. Ballard has designed and shipped more than 400 MW of fuel cell products to date. Ballard was founded in 1979 by geophysicist Jeffrey Ballard under the name Ballard Research Inc. for research and development on high-energy lithium batteries. Since committing to develop PEM fuel cell technology in 1989, Ballard has delivered PEM fuel cell products worldwide to a number of leading product manufacturers. Ballard went public in 1993 on the Toronto Stock Exchange (TSE), and in 1995 it was listed on nasdaq. Ballard Energy Systems opened a fuel cell manufacturing facility in 2000 in Burnaby, B.C. on February 1, 2008, Ballard weave of auto fuel cell cooperation (AFCC) to allow for further expansion of fuel cell technology. After the split, Ballard continued as a publicly traded company with a focus on non-automotive applications (including buses), while the AFCC became a private company of 150 employees, developing piles of hydrogen fuel cells for cars. AFCC's initial ownership division was Daimler AG (50.1%), Ford Motor Company (30.0%) and Ballard itself (19.9%). In 2018, Ballard signed a contract with Weishai Power to establish a strategic partnership. Weichai acquired US$163 million and 19.9 percent of Ballard's shares. As part of this cooperation, Ballard and Weishai intend to Supplying the Chinese market with fuel cell systems for trucks, buses and forklifts. In collaboration with German automaker Audi, Ballard is part of a development partnership for automotive fuel cells, which will last until at least 2022. Ballard delivers fuel cells to bus manufacturers, such as Van Hall (Belgium), New Bulletin (Canada) and Solaris (Poland).