News Tagged with "Weichai Westport"

August 22, 2016
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Westport Fuel Systems to Sell Portion of Joint Venture Interest for Approximately $11 Million

Company remains committed to Chinese market & continues to advance Westport™ HPDI 2.0 program

Westport Fuel Systems announced that it has entered into agreements to sell an 11.7% interest in the Weichai Westport Inc. joint venture for gross proceeds of 48.2 million RMB (approximately US$7.2 million) to Weichai Holding Group Co., Ltd. and an additional undisclosed purchaser. Associated with the sale, Westport Fuel Systems will also receive a dividend payment of 23.8 million RMB (approximately US$3.5 million) from the joint venture, generating total gross proceeds of 72.0 million RMB (approximately US$10.7 million).

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April 28, 2014
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Westport and Weichai Launch WP12 Engine and Initiate Development of WD10 Engine with Westport™ HPDI 2.0 Technology

First Shipments Underway with World’s Largest Diesel Engine Manufacturer; Next Platform for HPDI Underway in Largest Market for Natural Gas Trucks

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March 13, 2012
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China's First Engine with Westport™ HPDI Technology Unveiled during China National People's Congress

China's first natural gas engine featuring Westport high pressure direct injection (HPDI) technology at a press conference at the government building in Beijing, the Beijing Diaoyutai State Guesthouse. The innovative technological achievement and product introduction is the result of China's first joint venture for HPDI natural gas engines—Weichai Westport Inc.—and fills a gap in the natural gas engine market for heavy-duty trucks.

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July 16, 2008
Weichai Westportpartnerships

Westport Innovations Partners with Weichai Power, China’s Largest Heavy Duty Engine Manufacturer

Joint Venture Powers International Growth in Engine Development

Westport has reached a joint venture agreement with Weichai Power Co., Ltd, China’s largest heavy duty engine manufacturer, and Hong Kong Peterson (CNG) Equipment Limited. The new entity, Weichai Westport Inc., will research, develop, design, manufacture, market, distribute and sell advanced, alternative fuel engines.

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News Releases

January 7

Westport Fuel Systems Appoints New Director

Westport Fuel Systems Inc. today announced the appointment of Tony Guglielmin to the company’s Board of Directors, effective January 7, 2021.

November 19

Cummins Westport Announces Changes to its Board of Directors and Management Team

Cummins Westport Inc. today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. and Westport Fuel Systems Inc.

November 16

Westport Fuel Systems Announces Next Generation HPDI Development Contract with OEM Partner

Program Applies HPDI to an Updated Base Engine Platform

November 9

Westport Fuel Systems Announces the Establishment of an At-the-Market Equity Offering Program

Westport Fuel Systems Inc. today announced today that the Company has established an at-the-market equity offering program.

Industry News

Published: October 6

Volvo Trucks sees increased interest in LNG

Swedish truck maker Volvo said it’s seeing hauliers and transport buyers moving towards refrigerated liquefied gas as a cheaper and more environmentally friendly alternative to diesel.

Published: September 30

India: Maruti Suzuki sells 300,000 units of the WagonR S-CNG

The Maruti Suzuki WagonR S-CNG has emerged as the highest selling natural gas vehicle in the country, as this greener and safer factory-fitted CNG model has surpassed 300,000 units in sales.

Published: September 24

Why Fleet Managers Anheuser Busch Kehe Distributors are Fueling Renewable Natural Gas

While much attention has shifted to the potential for battery-electric or hydrogen vehicles, another technology with a vast infrastructure — renewable natural gas — is gaining traction among fleet managers.

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

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