Investor Presentaiton
28
China¹
Policy Support & Commitments
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GHG Goal: Peak GHG emissions by 2030 & carbon neutral before 2060
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Demonstration City Clusters: 5 initial demonstration city clusters announced (Beijing, Shanghai, Guangdong, Hebei, Henan) intended to
incentivize development of full hydrogen value chain through a subsidy program. Weichai/Ballard JV located in Weifang City, Shandong
Province, which has been included as part of the Henan city cluster
Weichai-Ballard JV has also setup a new subsidiary in Shanghai and is working with regional consortium partners on the Shanghai cluster
demonstration program
Key Partners & Customers
Bus: Yutong, Feichi, Zhongtong, Howo, Asiastar, Wulong, NJ Kinglong, Wisdom
Rail: CRRC
Truck: Dongfeng, Zhongtong, Sinotruk, Sunlong, Feichi, Shacman, SDAC
Ballard Deployment
>1,100 FCEBS powered by Ballard technology with 7 different bus OEMs across 10 cities & >2,300 FCETS powered by Ballard technology
with 7 different truck OEMs across >10 cities
5 Ballard powered hydrogen fuel cell trams (CRRC) - in-service since 2019 with >414k km in service
~25% Ballard market share in FCEBS & ~32% market share in FCETS2
Outlook
Hydrogen powered vehicle targets: 50,000 FCEV & 300 HRS by 2025; 1M FCEV & 1,000 HRS by 2030
1, 2 See Slide Notes
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