Ballard reports Q1 2020 results

Ballard reports Q1 2020 results

Amid the coronavirus, Ballard Power Systems has recorded record first quarter revenue of $24m, up 50% year-over-year, for its quarter one 2020 results.

The Canadian company’s Power Products platform generated revenue of $12.3m in the quarter, an increase of 95% or $6m.

Heavy Duty Motive revenue was $10.4m, increase of 303% or $7.8m, due primarily to higher shipments of module part kits and MEAs to China.

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