STOCK TITAN

Cespira™, the Joint Venture between Westport and Volvo Group, reveals how HPDI™ 3.0 advances fuel economy and expands OEM options

Cespira’s HPDI 3.0 fuel system targets better efficiency and broader engine coverage as joint venture revenue rises 125% year over year.

(Neutral)
(Very Positive)
Tags
partnership

Westport Fuel Systems (WPRT) said joint venture Cespira unveiled technical details of its next‑generation HPDI™ 3.0 high pressure direct injection fuel system.

HPDI 3.0 keeps the existing combustion concept but introduces a new fuel rail‑pressure control architecture that aims to improve fuel economy, engine performance and OEM calibration while supporting future global emissions standards. The system supports liquefied natural gas (LNG) and renewable bioLNG and is described as adaptable to future low‑ and zero‑carbon fuels, including hydrogen. Hardware changes integrate HPDI injector dynamic sealing technology to extend component life and use a modular architecture that increases packaging flexibility across different engine layouts, including larger V12 and multi‑bank engines.

Cespira reported that its revenue rose 125% year over year from Q2 2025 to Q2 2026. Current HPDI systems have accumulated over 3 billion kilometers across more than 12,000 trucks in over 35 countries. Cespira plans to start HPDI 3.0 production in Q4 2026, with first equipped vehicles expected in early 2027.

Loading...
Loading translation...

Positive

  • Cespira revenue increased 125% year over year from Q2 2025 to Q2 2026
  • Existing HPDI systems have logged over 3 billion km across 12,000+ trucks in 35+ countries
  • HPDI 3.0 production is planned to begin in Q4 2026, with first vehicles expected in early 2027
  • Architecture supports larger engines, including V12 and multi‑bank configurations, broadening application range

Negative

  • None.

Market Context

WPRT was up 4.55% before publication, while the Jun 18 Cespira-Volvo hydrogen development had a 21.5...
Analysis

WPRT was up 4.55% before publication, while the Jun 18 Cespira-Volvo hydrogen development had a 21.51% 24-hour reaction; both records related directly to Cespira’s HPDI platform, though the earlier event involved hydrogen development.

Key Figures

Cespira revenue growth: 125% year over year Real-world operation: More than 3 billion kilometers Vehicles in operation: 12,000+ trucks +3 more
Cespira revenue growth
125% year over year
Q2 2025 to Q2 2026
Real-world operation
More than 3 billion kilometers
Current-generation HPDI technology
Vehicles in operation
12,000+ trucks
Current-generation HPDI technology
Countries of operation
Over 35 countries
Current-generation HPDI technology
Production start
Fourth quarter of 2026
HPDI 3.0
First equipped vehicles
Early 2027
HPDI 3.0 vehicles expected on the road

Previous Partnership Reports

1 past event · Latest: Jun 18
Same Type 1 event
  1. Jun 18

    Hydrogen development agreement

    24h Move
    +21.5%

    Cespira and Volvo advanced HPDI hydrogen engine development for Volvo’s 13-litre platform

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

liquefied natural gas, bioLNG, fuel rail-pressure control, compression-ignition engines
4 terms
liquefied natural gas technical
"The new fuel system supports liquefied natural gas (LNG)"
Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it can be shipped and stored more easily—think of it like condensing a bulky gas into a compact, refrigerated form for transport. It matters to investors because LNG supply, shipping capacity, and long-term contracts influence energy prices, company revenues, and exposure to geopolitical or infrastructure risks, much like how a clogged highway can delay deliveries and raise costs.
bioLNG technical
"renewable bio-based liquefied natural gas (bioLNG) today"
BioLNG is renewable natural gas that has been cooled into a liquid so it can be stored and shipped like conventional liquefied natural gas; think of it as compressed plant- and waste-derived fuel turned into a portable, cold-packed form. It matters to investors because it creates a low‑carbon substitute for diesel and fossil gas, opening new markets, pricing premiums, infrastructure needs and policy incentives that can drive revenue growth or capital investment risks for companies involved in production, transport, and fueling.
fuel rail-pressure control technical
"a new fuel rail-pressure control architecture"
A fuel rail-pressure control system regulates the pressure of fuel held in the common fuel rail that feeds an engine’s injectors, using sensors and valves to match pressure to engine demand. Think of it like a water main regulator that keeps steady pressure despite changing taps; it matters to investors because pressure control affects engine performance, fuel efficiency, emissions compliance and potential costs from recalls, warranty repairs or regulatory fines.
compression-ignition engines technical
"the latest high-performance compression-ignition engines"
Compression-ignition engines are internal combustion engines that ignite fuel by compressing air to a high temperature, then injecting liquid fuel so it lights without a spark—diesel engines are the common example. They matter to investors because they determine fuel efficiency, emissions, maintenance costs, and regulatory compliance for vehicles, generators, and industrial equipment; think of them as a more fuel-thrifty, higher-compression alternative to spark‑plug engines that affects operating costs and market exposure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Enhanced rail-pressure control, improved durability and more adaptable architecture deliver greater performance and integration flexibility, strengthening the case for broader adoption by OEMs and operators worldwide

VANCOUVER, British Columbia, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq: WPRT), today announced Cespira, its joint venture with Volvo Group, released new technical details of HPDI™ 3.0, the next generation of its proven High Pressure Direct Injection fuel system.

HPDI 3.0 retains proven HPDI combustion principles while advancing fuel rail-pressure control, hardware durability and system integration. The new fuel system supports liquefied natural gas (LNG) and renewable bio-based liquefied natural gas (bioLNG) today while preserving adaptability for future low- and zero-carbon fuels.

Performance Enhancements
At its core, HPDI 3.0 incorporates a new fuel rail-pressure control architecture that improves fuel economy and engine performance while simplifying OEM calibration. Higher injection pressure capability unlocks greater power and efficiency from the latest high-performance compression-ignition engines, while the architecture is designed to support compliance with future global emissions regulations.

Improved Durability and Greater Integration Flexibility
The new hardware integrates proven HPDI injector dynamic sealing technology to enhance component service life. A modular fuel rail-pressure control architecture gives OEMs greater packaging flexibility across different engine layouts. The new system supports larger engines, including V12 and other multi-bank configurations, by allowing fuel pressure control across separate cylinder banks. This broadens the potential application of HPDI 3.0 across demanding on-road and off-road sectors.

Built for Natural Gas and Biogas Today, Adaptable for Future Fuels
HPDI 3.0 reinforces the near-term value of natural gas and renewable natural gas for heavy-duty transport by enabling the use of LNG and bioLNG with diesel-like performance, improved efficiency and attractive total cost of ownership. The architecture also maintains a clear pathway for future fuel-specific applications, including hydrogen, as those markets develop.

“Cespira’s revenue increased 125% year over year from Q2 2025 to Q2 2026, underscoring strong market validation for HPDI technology. With continued gains in efficiency, attractive total cost of ownership and improved fuel price stability, we believe HPDI is well positioned to grow adoption momentum with OEMs and fleets,” said Dan Sceli, Chief Executive Officer of Westport.

“HPDI 3.0 strengthens both the immediate and long-term business case for OEMs. More precise fuel rail pressure control, higher injection pressure capability, enhanced durability and improved fuel economy make HPDI 3.0 a more compelling proposition for LNG and BioLNG applications. The architecture is also more readily adaptable to future fuel-specific systems for hydrogen and low-carbon fuels, giving OEMs greater flexibility to build on their HPDI investment and expand their product portfolios as those fuel markets develop,” said Scott Baker, CTO of Cespira.

HPDI 3.0 builds on a proven technology foundation, with the current generation accumulating more than 3 billion kilometers of real-world operation across 12,000+ trucks in over 35 countries. Cespira will begin production of HPDI 3.0 in the fourth quarter of 2026, with the first HPDI 3.0 equipped vehicles expected on the road in early 2027.

More information about Cespira can be found at www.Cespira.com.

About Westport

Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

Our proven technologies support a wide range of alternative fuels - including natural gas, renewable natural gas, and hydrogen - empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals-without compromising performance or cost-efficiency - making clean, scalable transport solutions a reality.

Westport is headquartered in Vancouver, Canada.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding, among other things, the anticipated performance, efficiency and emissions characteristics of Cespira’s HPDI™3.0 fuel system; the timing for commencement of production for HPDI 3.0 equipped vehicles and for such vehicles to be in operation; and the intentions, plans and actions of our joint venture and other partners. Forward-looking statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, among others: the ability of Westport, Cespira and their partners to successfully develop, integrate, validate, and certify HPDI technology on expected timelines or at all; the results of testing and development activities and the ability to achieve required performance, durability, reliability, safety and regulatory requirements; the receipt and timing of required regulatory approvals, certifications and homologation, changes in laws, regulations and standards and incentive programs applicable to emissions, engine certification and vehicle classification; competitive technologies and products; general economic and market conditions; as well as other risk factors, uncertainties and assumptions that may affect our actual results, performance, achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.

Contact Information
Westport Investor Relations
T: +1 604-718-2046


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What fuels does the new HPDI 3.0 system support and target?

HPDI 3.0 supports liquefied natural gas (LNG) and renewable bioLNG for heavy‑duty transport and is described as maintaining a pathway for future fuel‑specific systems, including hydrogen and other low‑ and zero‑carbon fuels as those markets develop.

How does HPDI 3.0 change system integration options for OEMs?

HPDI 3.0 uses a modular fuel rail‑pressure control architecture that increases packaging flexibility across different engine layouts and allows pressure control across separate cylinder banks. This enables use on larger engines such as V12 and other multi‑bank configurations, expanding potential applications in demanding on‑road and off‑road sectors.

What is the current operational track record of HPDI technology before HPDI 3.0?

The current HPDI generation has accumulated more than 3 billion kilometers of real‑world operation across over 12,000 trucks in more than 35 countries, providing the technology foundation on which HPDI 3.0 is based.

Keep reading