Westport Fuel Systems (TSE:WPRT) has released an update.
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Westport Fuel Systems and Volvo Group have finalized their joint venture to enhance the global uptake of Westport’s innovative HPDI fuel system technology for heavy-duty and off-road vehicles. The partnership aims to promote the adoption of cleaner, renewable fuels and hydrogen for combustion engines, marking a significant step towards decarbonizing transportation. The joint venture, headquartered in Vancouver, will be spearheaded by Westport CEO Dan Sceli and other key leaders from both companies, reflecting a strong commitment to sustainability and technological advancement.
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