Welcome to our dedicated page for Vivic news (Ticker: VIVC), a resource for investors and traders seeking the latest updates and insights on Vivic stock.
Vivic Corp. (VIVC) operates at the forefront of luxury yacht manufacturing and global distribution, serving clients through innovative design and exclusive partnerships. This news hub provides investors and maritime industry professionals with essential updates on corporate developments, financial milestones, and market expansions.
Access authoritative information about Vivic's operational yachts, distribution agreements, and technological advancements in marine engineering. Our curated collection includes earnings reports, partnership announcements, and product launch details directly from corporate communications.
Key updates cover Vivic's exclusive Monte-Fino distribution in Asia, manufacturing innovations in electric yachts, and strategic collaborations with global marine tourism operators. Regular visitors gain insights into the company's market positioning within the competitive pleasure craft sector.
Bookmark this page for streamlined access to Vivic's latest financial disclosures and operational updates. Check back frequently for verified information supporting informed analysis of the company's performance in luxury marine markets.
VIVIC Corp. (OTCQB: VIVC) has secured a significant US$2.2 million contract with ACEL Power Inc. for the supply of three electric yachts. The binding order, signed on January 29, 2025, includes models EV1-1, EV1-2, and EV58, with deliveries scheduled for completion in Q3 2025.
This contract follows VIVIC's earlier 2025 Electric Catamaran Yacht Joint Development Agreement with ACEL Power, focusing on developing new energy-electric yachts through enhanced product competitiveness. The collaboration aims to accelerate electric yacht development and foster industry innovation by leveraging both companies' technical expertise.
VIVIC Corp (OTCQB: VIVC) has announced a strategic Joint Development Agreement with ACEL Power Inc to develop renewable smart electric yachts. The collaboration focuses on creating electric catamaran yacht series including EV1, EV2, and EV58 models.
Under the agreement, VIVIC will handle yacht design, construction, and sales in Mainland China, Hong Kong, Macau, and Taiwan, while ACEL will manage electric propulsion systems development and sales in other regions. The jointly developed vessels will feature both VIVIC and Weiguan brand logos.
The partnership aims to enhance product competitiveness in the sustainable marine solutions market. ACEL's technology will enable the yachts to travel hundreds of kilometers on a single electric charge, with smart features for improved performance and efficiency. The first yacht delivery is scheduled for July 2025.
Vivic Corp. (OTCQB: VIVC), a leading provider of luxury yacht access, reported strong preliminary revenues exceeding $4.4 million for the first half of 2024. The company, which focused on luxury yacht sales in 2023, expects even stronger performance in the second half of 2024. Vivic is the exclusive distributor of Monte-Fino yachts in Asia and the Middle East, with non-exclusive distribution rights in other territories.
CEO Shang-Chiai Kung noted that sales growth exceeded expectations, attributing this to charter yacht operators' reliance on Vivic. The company's global headquarters is in Taiwan, strategically positioned for quick access to leading yacht builders. Vivic anticipates continued growth, with projections subject to revision based on current business conditions.
