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  "documentTitle": "Ballard Power Systems (BLDP)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-01-25 00:00:00",
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      "kind": "callout",
      "text": "Broad Ocean's inability to convince Foton to source its fuel cell engines from Ballard is a significant failure for Ballard's strategic future in China.",
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      "text": "Broad Ocean’s inability to convince Foton to source its fuel cell engines from Ballard is a significant failure for Ballard’s strategic future in China.",
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      "text": "Sinohytec supplying engines; 100 bus order; 250 expected; cost RMB 1.4M vs 1.6M for Foshan Feichi.",
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      "text": "Weakness of Broad Ocean: unable to supply Foton despite BAIC JV.",
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      "text": "Built FCV factory in Zhangjiakou; 2,000 buses/year capacity, planned expansion to 10,000 in 2018.",
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      "text": "Foton: Subsidiary of BAIC; 5th largest bus manufacturer; 5% market share; 10,000 buses/year; 1,000 electric buses.",
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      "text": "Foton's decision to source from Sinohytec is a failure for Ballard; Foton will be the largest FCV producer in China.",
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      "text": "Overview of Chinese Fuel Cell Vehicle Manufacturers – Foton",
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