Westport Fuel Systems (US) (TSE:WPRT) has released an update.
Westport Fuel Systems Inc. reports a record revenue of $331.8 million for 2023, driven by increased sales in OEM, electronics, and fuel storage sectors, despite a net loss of $49.7 million for the year. The company emphasizes continued growth and innovation, particularly in hydrogen-powered technology, and is poised to further its reach with new projects, such as a joint venture for commercializing HPDI fuel system technology and a proof of concept project for locomotives.
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