- Ceres Power confirmed it was continuing to hold discussions with Weichai Power amid media reports the latter would raise its interest in the company to 20% from the current 10%.

Ceres noted the reports also suggested the pair planned to create a manufacturing join venture.

Ceres had in May outlined the terms of a strategic collaboration with Weichai, including potential equity investment.

'Ceres confirms discussions with Weichai are on-going and a further statement will be made in due course,' it said.

At 2:02pm: [LON:CWR] Ceres Power Holdings PLC share price was +8.5p at 171.5p

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