Investor Presentaiton

32 BALLARD MAHLE Development in Europe Collaboration agreement with MAHLE International signed October 1st 2020, to focus on $100B annual truck engine market, initially in Europe . MAHLE is a major Tier 1 supplier with €12B in sales Components in 50% of all vehicles • 10+ years experience in fuel cell component supply Ballard is responsible for fuel cell system and stack sub- system.... MAHLE's scope of work includes BoP, thermal mgmt., power electronics, system assembly

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