Ballard Power (BLDP) Partners with Ford Trucks (F) for Fuel Cell Powered Trucks, Announces Initial Order

Go back to Ballard Power (BLDP) Partners with Ford Trucks (F) for Fuel Cell Powered Trucks, Announces Initial Order

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