Ballard and Linamar Form Strategic Alliance to Develop Fuel Cell Solutions for Light Vehicles

VANCOUVER, BC and GUELPH, ON, May 3, 2021 / CNW / – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Linamar Corporation (TSX: LNR) today announced the formation of a strategic alliance for the co-development and sale of powertrains and fuel cell components for classes 1 and 2 vehicles, weighing up to 5 tonnes, initially in North America and Europe.

With emissions regulations, zero-emission vehicle mandates, and low-emission zones in place in many jurisdictions around the world, it is imperative to find truly green end-to-end solutions that combine zero-emission operation with zero emission fuel sources. . Fuel cell electric vehicles (FCEVs) are an answer to this challenge.

In particular, there is a growing demand for FCEVs that can operate over long duty cycles – without compromising on payload – and be quickly refueled to maximize fleet utilization.

In the initial phase of work under a framework agreement, a fuel cell powertrain solution will be developed, Ballard will supply the fuel cell subsystem and Linamar will supply the undercarriage, tanks, enclosures. , cradles and any other balance of plant needs as well as final assembly. . After successfully testing the demo platform, Ballard and Linamar are considering 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 vehicles. class 1 and 2, including passenger cars. , SUVs, light trucks and commercial vans.

“Establishing this partnership to commercialize light vehicle solutions using fuel cell technology transforms the future of mobility and combines the global technology leadership of two large Canadian companies,” said Linamar CEO Linda Hasenfratz, “Our plug and play concept will make the evolution of battery electric vehicles to FCEV transparent and lead to real change in terms of environmental sustainability.”

Randy MacEwen, President Ballard and CEO added, “We are delighted to form a strategic alliance with Linamar, a leading global manufacturer of precision products and transmission system solutions, which is exploring the future of zero emission mobility. In addition to our existing joint working relationship on the recent announced a trial of UPS delivery vans in California, we are now deepening our collaboration based on a common vision to provide zero-emission fuel cell powertrains for light vehicles, especially those that require long range, extended duty cycle and rapid refueling. ”

About Ballard Power Systems
The vision of Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells enable the electrification of mobility, including buses, commercial trucks, trains, ships, passenger cars and forklifts. To learn more about Ballard, please visit www.ballard.com.

About Linamar Corporation
About Linamar: Linamar Corporation (TSX: LNR) is a cutting-edge manufacturing company where the intersection of cutting-edge technology and deep manufacturing expertise creates solutions that power vehicles, move, operate and live. for the future. The company is comprised of two operating segments – the Industrial Segment and the Transportation Segment, both global leaders in manufacturing solutions and world-class developers of high-tech products. The industrial segment includes Skyjack and MacDon. Skyjack manufactures scissor, boom and telehandler lifts for the aerial platform industry. MacDon manufactures belt combines and self-propelled windrowers for the agricultural harvesting industry. The Transport segment is subdivided into three regional groups: North America, Europe and Asia Pacific. Within the Transportation segment, the regional groups are vertically integrated operations combining expertise in casting, forging, machining and assembly of light metals for the global markets of electrified and traditional propulsion vehicles. Products in the Transportation segment focus on both components and systems for new powertrains, bodywork and chassis, drivetrain, engine and transmission systems for these vehicles. McLaren Engineering provides design, development and testing services for the transportation segment. Linamar has more than 26,000 employees in 61 manufacturing sites, 12 R&D centers and 25 sales offices in 17 northern countries and South America, Europe and Asia which generated sales of $ 7.4 billion in 2019. For more information on Linamar Corporation and its industry-leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.

This press release contains forward-looking statements regarding Linamar. These statements are based on current expectations and beliefs about future events in the Company’s business. In some cases, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential” , “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this press release may not occur and could differ materially due to known and unknown risk factors and uncertainties affecting Linamar, including risks relating to economic factors and many other factors beyond the control of Linamar. will of society. No forward-looking statement can be guaranteed. Forward-looking statements and information, by their nature, are based on assumptions and involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements, or results of the industry, are materially different from any future results, performance or results. achievements expressed or implied in these forward-looking statements. These risks and uncertainties, as well as other information relating to the Company, are discussed in the various public documents filed by the Company available on SEDAR and can be viewed at the following address: www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements or information. Unless required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Ballard Power Systems Inc.

For more information: Guy McAree, +1.604.412.7919, [email protected] or [email protected]; Linamar Corporation Media Contact: Andrea Bowman, [email protected], +1.519.836.7550

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