Westport Fuel Systems Inc. (NASDAQ:WPRT) shares are surging today after the company disclosed signing an investment agreement to create the previously announced joint venture with Volvo AB (OTC:VOLVF).
The move reflects the company’s aim to accelerate the commercialization and global adoption of its HPDI fuel system technology for long-haul and off-road applications.
High Pressure Direct Injection (HPDI) is a fuel system technology that can be applied in vehicles with internal combustion engines to replace greenhouse gas-emitting fuels, like diesel, with carbon-neutral or zero-carbon fuels …