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Ballard Power Systems shifts focus from China to US, plans $220M Texas plant due to $94M US incentives.
Ballard Power Systems, a British Columbia fuel cell manufacturer, is shifting its focus from China to the U.S. due to $94 million in U.S. incentives.
The company plans to decide on a $220 million Texas manufacturing plant this year while facing challenges in China, including a significant drop in orders from $130 million to $5 million.
Ballard is restructuring to cut costs by 30% amid a slowdown in hydrogen infrastructure and delayed fuel cell adoption.
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Ballard Power Systems cambia el enfoque de China a EE.UU., planea planta de $220M Texas debido a incentivos de $94M US.