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Audi Buys Fuel-Cell Patents From Ballard Power Systems

Audi (ETR:NSU) has bought fuel-cell patents from Vancouver-based Ballard Power Systems (TSE:BLD), a company that is one of the world’s leading companies in the technology of proton exchange membrane fuel cells. Ballard provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel‑cell programs. The German car manufacturer Audi will push up investment in car-making operations by 2 billion euros ($2.44 billion) to a record 24 billion euros over the next five years. Most of these funds will be directed to their production plants in Ingolstadt and Neckarsulm which accounted for half the carmaker’s