Ballard Power Systems Sign Fuel Cell Module Deal in China

Ballard Power Systems (NASDAQ:BLDP,TSX:BLD) signed a purchase order from Shenzhen UpPower Technology Co., Ltd. , a leading fuel cell bus systems integrator in China, for the supply of 10 FCveloCity®-MD 30-kilowatt fuel cell power modules to be integrated by UpPowerTech into clean energy buses manufactured by Gaungxi Yuanzheng New Energy Co. Ltd. (“Yuanzheng”), a Chinese bus manufacturer, for deployment in the City of Nanning in the Province of Guangxi.
As quoted in the press release:

As reported in a June 20, 2016 Ballard Market Update, UpPowerTech previously demonstrated a hydrogen fuel cell bus, using Ballard’s new FCveloCity®-MD 30-kilowatt fuel cell power module as a battery range extender, during the “4th Shenzhen International Low Carbon City Forum”. The bus was a 12-meter (40-foot) city bus with a powertrain built by UpPowerTech and powered by an FCveloCity®-MD 30-kilowatt fuel cell. The coach was manufactured by Xiamen King Long United Automotive Industry Co., Ltd. The Forum, held in Longgang District of Guangdong Province, featured low carbon urban development and innovation technologies designed to tackle global environmental challenges.
Ballard, UpPowerTech, Yuanzheng and the Ministry of Industry and Information Technology of Nanning – the capital city of Guangxi Province in southern China, with an urban area population in excess of 4 million people – recently signed a Memorandum of Understanding to develop the fuel cell bus market in the City of Nanning and the Province of Guangxi. The collaboration contemplates the use of Ballard’s leading fuel cell technology, UpPowerTech’s systems integration expertise, and the support of the Government of Nanning for future production localization plans and the build-out of hydrogen refueling infrastructure.