Westport Fuel Systems to sell portion of JV interest to Weichai Holding Group
Vancouver-based company retains minority interest in business, expects to launch first product in China next year
Canadian natural gas engine company Westport Fuel Systems Inc. has signed agreements to sell 11.7% of its 35% interest in Chinese joint venture Weichai Westport Inc. (WWI) for approximately CNY48.2 million (USD7.2 million) to Weichai Holding Group (Weichai) and an additional undisclosed purchaser, according to a company press release yesterday (22 August).
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
