Broad-Ocean Motor in strategic collaboration with Ballard; $28.3M investment, 9.9% ownership; initial order for 10,000 fuel cell vehicles

Green Car Congress
By mmillikinJul 27, 2016, 5:00 am281 pts
Zhongshan Broad-Ocean Motor Co., Ltd. has entered into a strategic collaboration with Ballard Power Systems, including a $28.3-million equity investment in Ballard, representing 9.9% of the company following the transaction. Founded in 1994, Broad-Ocean is a global manufacturer of motors that power small and…

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