Ballard's technology offers a wide range of benefits within each of these markets, including lowering energy use costs, longer operating lifetimes and positive environmental impacts. It is working to accelerate fuel cell technology adoption, committed to sustainable mobility and clean air for everyone. Ballard provides fuel cell power products that offer a number of essential advantages. Its heavy-duty modules provide a flexible solution for buses, trucks. The firm's fuel cell system, FCwave, gives zero-emission propulsion to the marine industry. Ballard has industry-leading field experience in powering commercial vehicles, as evidenced by this 75-million-kilometre milestone. Its technology innovation and product programs have benefited immeasurably from these important on-road applications, through which Ballard products experience the full range of vehicle payloads, duty cycles, road conditions, and weather.
Ballards's business strategy is a two-pronged approach to build shareholder value through the sale and service of power products and technology solutions delivery. In power product sales, the firm focuses on meeting our customers' power needs by delivering high value, high reliability, high quality, and clean energy power products that reduce customer costs and risks. Technology Solutions focuses on enabling customers to solve their technical and business challenges and accelerate their fuel cell programs by delivering customized, high value, bundled technology solutions.
For over 40 years, the firm has relentlessly developed and improved our technology. As cleantech leaders, Ballard strives to learn, innovate and break new ground, and in return are provided with opportunities to expand skills through professional development, training and educational programs.
In 2018, Ballard signed a contract with Weichai Power for a strategic partnership. Weichai acquired 163 million USD 19.9 per cent of Ballard's shares. Ballard and Weichai intend to supply the Chinese market with fuel cell systems for trucks, busses, and forklifts as part of this collaboration. Further, in cooperation with German car manufacturer Audi, Ballard is part of a development partnership for automotive fuel cells, which will run at least until 2022. Ballard delivers fuel cells to bus manufacturers, e.g. Van Hool (Belgium), New Flyer (Canada) and Solaris (Poland).
Marching ahead, Ballard envisions itself as the market leader delivering fuel cell power for a sustainable planet. Further, the firm looks to expand its area of operations and build a diverse clientele.