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12 06 2018 03

Ballard Power Systems signed a 3.5-year extension to its current Technology Solutions contract with Audi AG (earlier post), extending the HyMotion program to August 2022. The aggregate value of the contract extension is expected to be C$80-to-130 million (US$62-100 million). The program will support Audi through its small series production launch.

Ballard signed an initial 4-year contract with Volkswagen AG in March 2013, followed by a 2-year extension in February 2015, with the full 6-year contract term running to March 2019. Audi AG assumed leadership of the program in 2016.

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