Westport Fuel Systems announced the launch of Cespira, a joint venture with Volvo Group, aimed at accelerating the commercialization of HPDI™ technology using carbon-neutral fuels such as hydrogen and renewable natural gas. The partnership highlights the industry's recognition of HPDI as a leading sustainable solution for heavy transport. The company plans to divest its Light-Duty business to focus on providing affordable solutions for hard-to-decarbonize applications with HPDI technology. Westport Fuel Systems aims to scale its alternative fuel solutions, including CNG, RNG, and hydrogen systems, while addressing the increasing interest in natural gas as a diesel alternative in the heavy-duty transport sector. In 2024, the company reported revenue of $302.3 million, with Cespira contributing $22.8 million in the fourth quarter. Despite a net loss for the year, Westport Fuel Systems saw a reduction in losses compared to the prior year, attributed to improved gross margins and operational efficiencies.