After the second-quarter figures from Ballard Power Systems came in at the end of June, there were several good news that underline which huge potential the Canadian fuel cell manufacturer can tap in China and Japan. The share price jumped more than 60 percent. The most recent business Ballard won over as a partner was Chinese Broad-Ocean. The corporation boasts an annual production of more than 50 million motors worldwide and supplies several top-notch carmakers
The new non-GAAP accounting is still creating confusion. Based on non-GAAP, Plug managed to increase revenue in the second quarter to above USD 36 million. But although the USD 13 million loss that the company reported for the same period was indeed a reduction compared to growth, it continues to have a negative impact on the stock price. Many of the company’s agreements are lease contracts and partial revenues must be recognized in each period. By its own account, Plug is working to provide greater clarity here.
Hyundai has been on the market with its mass-produced ix35 fuel cell car since 2013. Last year, 250 units were shipped to Europe, with 120 sold or leased to German businesses alone. And this year, Linde established BeeZero, which ordered as many as 50 of them for its vehicle-sharing service in Munich. Even though the fuel cell version won’t be coming to every Hyundai dealership within the next months, H2-international put it to the test for nine days
Hyundai is one of the few carmakers in the transportation sector to have already made use of the fuel cell as a mass production feature in road transport. Its European subsidiary organized a several-day trip from Bergen in Norway to Bolzano in Italy to offer drivers from across the continent plenty of opportunities to test out the car even over longer distances.