Automotive Fuel Cell Cooperation
The company was formed on February 1, 2008  as a spin-off from its predecessor, Ballard Power Systems to allow for further expansion of fuel cell technology. After the split, Ballard continued as a publicly-traded company focusing on non-automotive applications (including buses), while AFCC became a privately-held company of 150 employees, developing hydrogen fuel cell stacks for automobiles. AFCC's initial ownership split was Daimler (50.1%), Ford Motor Company (30.0%), and Ballard itself (19.9%). 
Ford Motor Company purchased the portion of AFCC owned by Ballard Power Systems in 2009 for $44.5M in gross proceeds, leaving it with 49.9% ownership, and Daimler AG as the major stakeholder with 50.1%.
In 2013, AFCC's owners signed a three-way agreement with Nissan Motor Company to develop next-generation fuel cell technology that they hope will lead to the world's first affordable, mass-market fuel cell electric vehicles as early as 2017. The collaboration is to be jointly led by all three automakers with engineering work taking place at various locations around the world. AFCC will be responsible for the research and product development of automotive fuel cell stacks for the collaboration.
The company's first CEO was Dr. Andreas Truckenbrodt formerly the executive director for hybrid development for Daimler AG. He led AFCC for more than 6 years from company inception through February 2014. AFCC's current CEO is Mr. Thorsten Wesse, a Daimler AG Director. 
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- "Daimler AG to become majority stake holder in new ”Automotive Fuel Cell Cooperation”" - Daimler AG - November 8, 2007 - Retrieved November 08, 2007
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