- Ballard Power Systems (BLDP) has taken a minority equity stake in Quantron AG
- Quantron provides sustainable battery and hydrogen-electric mobility systems for electric vehicles
- Ballard’s investment will go toward developing zero-emission fuel cell electric truck platforms under a joint development agreement
- Quantron has also committed to purchase 140 of Ballard’s FCmove modules with an option for an additional 50 units
- Ballard Power Systems offers fuel cells that enable the adoption of electric vehicles
- Ballard (BLDP) is down by 0.83 per cent, trading at $9.59 per share
Ballard Power Systems (BLDP) has taken a minority equity stake in Quantron AG.
Quantron, a spinoff of Haller KG, provides sustainable battery and hydrogen-electric mobility systems for commercial electric vehicles such as trucks, buses and transporters.
As part of Quantron’s financing round of up to 50 million euros, Ballard’s investment will go toward developing zero-emission fuel cell electric truck platforms under a joint development agreement. Ballard will be the exclusive fuel cell supplier to Quantron for these platforms.
Truck applications will target Europe and the U.S. with an initial focus on Germany, where Quantron will unveil its 44T fuel cell truck at IAA Transportation 2022.
As part of the companies’ ongoing partnership, Quantron has also committed to purchase 140 of Ballard’s FCmove modules with an option for an additional 50 units. The modules are slated for delivery in 2023 and 2024. Ballard will also have the right to appoint a representative to Quantron’s board.
“We are seeing growing global demand and policy support for zero-emission transport as companies strive to reach decarbonization targets. This collaboration accelerates our entry into the European truck market and aims to have Quantron’s initial hydrogen-powered, zero-emission trucks on the road in the next 18 months,” said Randy MacEwen, Ballard’s CEO.
“We want to offer our customers the best solution possible, and our continued collaboration with Ballard allows us to advance our environmentally friendly offerings to meet our customers’ needs, including range, payload and refuelling time, with an increasingly competitive total cost of ownership,” added Michael Perschke, Quantron’s CEO.
Ballard Power Systems offers fuel cells that enable the adoption of electric vehicles.
Ballard (BLDP) is down by 0.83 per cent, trading at $9.59 per share as of 1:05 pm EST.
