Westport Fuel Systems, announced a co-investment with its manufacturing partner in China to increase production capacity at their Yantai facility. The investment will be used to develop and supply proprietary High Pressure Direct Injection (HPDI) fuel injectors to a growing global market. Shares of Westport rose about 2% in Thursday’s extended market trading session. Westport Fuel (WPRT) CEO David M. Johnson said, “We have shared a critical engineering and manufacturing partnership with one of the world’s leading tier 1 injector manufacturers and its predecessor company for HPDI fuel injectors since our first-generation HPDI product and are pleased to jointly invest in continued growth.
https://www.tipranks.com/news/westport-fuel-systems-inks-agreement-to-increase-production-capacity-in-china
Westport Fuel Systems (NASDAQ:WPRT)
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