Ballard announces partnership with Ford Trucks for fuel cell powered heavy-duty trucks & initial order

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Ballard (BLDP) jumps on announced partnership with Ford (F)

August 3, 2023 9:12 AM EDT

Shares of Ballard Power Systems (NASDAQ: BLDP) are up more than 8% in pre-market trading Thursday morning after the fuel cell company announced a partnership with Ford Motor Company (NYSE: F).

Ballard announced that they have signed a letter of intent (LOI) to provide Ford with a fuel cell system for their trucks, marking a significant step in the development of a hydrogen fuel cell-powered vehicle prototype. The partnership includes an initial purchase order for 2 FCmove-XD 120 kW fuel cell engines that are... More