Investor Presentaiton
MAHLE
Mahle¹
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History: Ballard and Mahle announced collaboration agreement in September 2020 to develop a product platform,
with a power output from 180kW to 360kW for heavy-duty and long-haul trucks (Class 7 & 8). Multi-year
development initiative to develop a fuel cell as the lowest-cost solution for heavy duty trucks within ten years
Development / Status:
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The initial concept engine fuel cell module was delivered for testing, as planned, in late 2021
This concept engine is the building block, which MAHLE began testing and integrating with their components in
2022, including the balance-of-plant, thermal management and power electronics, and system assembly
The joint project is a multi-year development program
Structure: During the initial development phase, Ballard has prime responsibility for system design and the fuel cell
stack sub-system, while MAHLE's scope of responsibility includes balance-of-plant components, thermal management
and power electronics for the complete fuel cell system, or engine, as well as system assembly
Mahle has 71,000 employees and is a major Tier 1 supplier with €11B in annual sales (June 30 2022, TTM); Mahle
components are in half of the world's vehicles & have over 10 years experience in fuel cell component supply
1 See Slide Notes
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