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Ballard Power Systems' employees to purchase fuel cell electric vehicles from Toyota Canada.

M2 EQUITYBITES-July 17, 2019--Ballard Power Systems' employees to purchase fuel cell electric vehicles from Toyota Canada

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Auto Business News - 17 July 2019

Ballard Power Systems (NASDAQ: BLDP)(TSX: BLDP), a global fuel cell company, has arranged for several Ballard employees to purchase British Columbia's first fleet of fuel cell electric vehicles from Toyota Canada Inc, a subsidiary of Toyota Motor Corporation (NYSE: TM).

Ballard employees are likely to purchase the Toyota Mirai zero-emission FCEVs powered by hydrogen in 2019, with initial vehicle deliveries completed yesterday.

Randy MacEwen, president and CEO of Ballard Power Systems, said, 'Electrification of transportation is a global megatrend that is needed to help mitigate the impact of climate change and improve air quality. Zero-emission fuel cell electric vehicles, or FCEVs, are a key part of the electric vehicle solution that will positively change the lives of the next generation. For 40 years, Ballard has been relentlessly developing and improving fuel cell technology, so we're extremely proud that dedicated Ballard employees have agreed to purchase B.C.'s first fleet of fuel cell electric cars.'

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Publication:M2 EquityBites (EQB)
Date:Jul 17, 2019
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