Weichai Power – intriguing prospects
Like all hydrogen and fuel cell stocks, Weichai Power’s has come under pressure since February. That doesn’t change the business’s bright prospects. Weichai [2338:HK] is turning a profit and is expanding its operations through joint ventures and strategic acquisitions. One example of this is Weichai’s recent purchase of a 45-percent ownership stake in Kion, the world’s second-largest forklift truck manufacturer. The deal, valued at EUR 3.5 billion, might even lead to the deployment of hydrogen and fuel cell systems in Kion’s next-generation forklift trucks. Like Bosch, Weichai owns part of CERUS. It also has an around 15-percent stake in Ballard Power, with which it runs a stack factory in China (a 51/49 partnership).
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