China Daily

Weichai buys 20% stake in Ceres Power

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Automobile and equipment manufactur­ing firm Weichai Power signed a strategic cooperatio­n deal on Wednesday with British solid oxide fuel cell maker Ceres Power. Under the agreement, Weichai, which is listed in both Hong Kong and Shenzhen, plans to pay more than 40 million pounds ($54 million) for a 20percent stake in Ceres Power, developer of SteelCell, a leading lowcost SOFC technology. The two also agreed to establish a joint venture for fuel cell system manufactur­ing by 2020 in Weifang, Shandong province, where Weichai is headquarte­red. in Japan to tap the growing Asian tourism market. Tourism products in global destinatio­ns are available with a 24-hour Japanese language service on Trip.com, a sub-brand of Ctrip. Ctrip bought US tourismthe­med social networking platform Trip.com late last year as part of its efforts to venture overseas and serve global travelers. Japan is Asia’s second-largest tourism market and has great business opportunit­ies for Ctrip, said its CEO Jane Sun. granted a specific project waiver by the US authoritie­s with the support of the French and European authoritie­s, it said. negative growth of 3.6 percent.

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