Tippapatt
Volvo Group and Westport Fuel Systems (NASDAQ:WPRT) held an event on Friday to mark what they said was a defining moment of the newly formed joint venture of the two companies.
The two partners said they came together to jointly promote, develop, and further accelerate the commercialization of the HPDI technology. The joint venture was noted to have a focus on moving forward affordable, sustainable transportation solutions using the internal combustion engine operating on renewable fuels now and hydrogen in the future.
“This joint venture is poised to make a significant impact on global long-haul and off-road heavy-duty applications,” said Dan Sceli, Chief Executive Officer and Director of Westport Fuel Systems, and interim President of the Volvo/Westport JV.
“By combining Volvo’s extensive expertise in commercial vehicle and power system manufacturing with Westport’s innovative fuel system technology, we are creating a powerful force for change that can make a meaningful contribution to reduce carbon emissions immediately and affordably,” he added.