Ballard and Linamar Partner on Development of Fuel-Cell Powered Light-Duty Vehicles
Fuel-cell powered vehicles may not be a common sight in traffic these days, but two companies are looking to change that. Ballard Power Systems (NASDAQ: BLDP) and Linamar (OTC: LIMAF) announced today that they will collaborate on developing fuel cell solutions for Class 1 and Class 2 light-duty vehicles in North America and Europe. The beginning of their partnership aims to develop a fuel cell powertrain based on Ballard providing the fuel cell subsystem and Linamar producing the chassis, enclosure, and other parts.
Should the initial stages of the collaboration prove to be successful, the two companies said, they will consider forming a joint venture "to sell and support powertrains with fuel cell systems and an interchangeable rolling chassis for use in a range of light-duty class 1 and 2 vehicles, including passenger cars, SUVs, light trucks and commercial vans."
Image source: Getty Images.
Source Fool.com
