Weichai Power Co., Ltd. ("Weichai Power" or "the Company"，Stock codes: 2338.HK; 000338.SZ) announced a strategic cooperation with FISCHER Spindle Group Ltd. ("FISCHER Group") in Switzerland, which includes accomplishment of the investment in its fuel cell compressor business in Swiss and future joint venture in China, aiming to become the world's leading manufacturer in fuel cell compressors. Through this strategic cooperation, Weichai Power will simultaneously further extend its fuel cell industrial chain and improve its core competitiveness of the fuel cell powertrain system. Prior to this, Weichai Power has already complete strategic investment in Ballard Power and Ceres Power and became the largest shareholder of the both companies, which are global leaders in PEMFC and SOFC solutions respectively. With this strategic positioning into the fuel cell compressor technology, Weichai Power has taken another solid step forward to achieve the goal of becoming “Global leader in New Energy Business”.
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