VIVIC Corp. Announces Joint Development Agreement with ACEL Power Inc.
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) ha annunciato un accordo strategico di Joint Development con ACEL Power Inc per sviluppare yacht elettrici intelligenti e sostenibili. La collaborazione si concentra sulla creazione di una serie di catamarani elettrici, inclusi i modelli EV1, EV2 e EV58.
In base all'accordo, VIVIC si occuperà della progettazione, costruzione e vendita degli yacht nella Cina continentale, Hong Kong, Macao e Taiwan, mentre ACEL gestirà lo sviluppo dei sistemi di propulsione elettrica e le vendite in altre regioni. Le imbarcazioni sviluppate congiuntamente presenteranno i loghi dei marchi VIVIC e Weiguan.
La partnership mira a migliorare la competitività dei prodotti nel mercato delle soluzioni marine sostenibili. La tecnologia di ACEL permetterà agli yacht di percorrere centinaia di chilometri con una singola carica elettrica, con funzionalità intelligenti per migliorare le prestazioni e l'efficienza. La prima consegna dello yacht è prevista per luglio 2025.
VIVIC Corp (OTCQB: VIVC) ha anunciado un acuerdo estratégico de desarrollo conjunto con ACEL Power Inc para desarrollar yates eléctricos inteligentes y sostenibles. La colaboración se centra en la creación de una serie de catamaranes eléctricos, incluidos los modelos EV1, EV2 y EV58.
Según el acuerdo, VIVIC se encargará del diseño, la construcción y la venta de los yates en China continental, Hong Kong, Macao y Taiwán, mientras que ACEL gestionará el desarrollo de sistemas de propulsión eléctrica y las ventas en otras regiones. Las embarcaciones desarrolladas conjuntamente llevarán los logotipos de las marcas VIVIC y Weiguan.
La asociación tiene como objetivo mejorar la competitividad del producto en el mercado de soluciones marinas sostenibles. La tecnología de ACEL permitirá a los yates viajar cientos de kilómetros con una sola carga eléctrica, con funciones inteligentes para mejorar el rendimiento y la eficiencia. La primera entrega del yate está programada para julio de 2025.
VIVIC Corp (OTCQB: VIVC)는 ACEL Power Inc와 함께 재생 가능한 스마트 전기 요트를 개발하기 위한 전략적 공동 개발 계약을 발표했습니다. 이 협업은 EV1, EV2 및 EV58 모델을 포함한 전기 쌍동선 요트 시리즈 제작에 초점을 맞추고 있습니다.
계약에 따라 VIVIC는 중국 본토, 홍콩, 마카오 및 대만에서 요트 디자인, 건설 및 판매를 담당하고, ACEL은 다른 지역에서 전기 추진 시스템 개발 및 판매를 관리합니다. 공동 개발된 선박은 VIVIC 및 Weiguan 브랜드 로고를 특징으로 합니다.
이 파트너십은 지속 가능한 해양 솔루션 시장에서 제품 경쟁력을 향상시키는 것을 목표로 합니다. ACEL의 기술은 요트가 단일 전기 충전으로 수백 킬로미터를 이동할 수 있게 하며, 성능과 효율성을 개선하기 위한 스마트 기능을 제공합니다. 첫 번째 요트 배송은 2025년 7월로 예정되어 있습니다.
VIVIC Corp (OTCQB: VIVC) a annoncé un accord stratégique de développement conjoint avec ACEL Power Inc pour développer des yachts électriques intelligents et renouvelables. La collaboration se concentre sur la création d'une série de yachts catamarans électriques, y compris les modèles EV1, EV2 et EV58.
Selon l'accord, VIVIC s'occupera de la conception, de la construction et de la vente des yachts en Chine continentale, à Hong Kong, à Macao et à Taïwan, tandis qu'ACEL gérera le développement des systèmes de propulsion électrique et les ventes dans d'autres régions. Les navires développés conjointement arboreront les logos des marques VIVIC et Weiguan.
Le partenariat vise à améliorer la compétitivité des produits sur le marché des solutions maritimes durables. La technologie d'ACEL permettra aux yachts de parcourir des centaines de kilomètres avec une seule charge électrique, avec des fonctionnalités intelligentes pour améliorer les performances et l'efficacité. La première livraison de yacht est prévue pour juillet 2025.
VIVIC Corp (OTCQB: VIVC) hat eine strategische Joint Development Vereinbarung mit ACEL Power Inc angekündigt, um erneuerbare intelligente Elektro-Yachten zu entwickeln. Die Zusammenarbeit konzentriert sich auf die Schaffung einer Reihe von elektrischen Katamaran-Yachten, einschließlich der Modelle EV1, EV2 und EV58.
Im Rahmen der Vereinbarung wird VIVIC das Design, den Bau und den Verkauf der Yachten in Festlandchina, Hongkong, Macao und Taiwan übernehmen, während ACEL die Entwicklung und den Verkauf von elektrischen Antriebssystemen in anderen Regionen verwaltet. Die gemeinsam entwickelten Schiffe werden sowohl die Markenlogos von VIVIC als auch von Weiguan tragen.
Die Partnerschaft zielt darauf ab, die Wettbewerbsfähigkeit der Produkte im Markt für nachhaltige maritime Lösungen zu verbessern. Die Technologie von ACEL ermöglicht es den Yachten, Hunderte von Kilometern mit einer einzigen elektrischen Ladung zu reisen, mit intelligenten Funktionen zur Verbesserung der Leistung und Effizienz. Die erste Yachtlieferung ist für Juli 2025 geplant.
- Strategic entry into growing renewable electric yacht market
- Shared intellectual property rights from joint development
- Geographic market division provides clear revenue streams
- Advanced technology enabling long-range electric capability
- First delivery not until July 2025 indicates delayed revenue impact
- to specific geographic markets for sales
- Dependent on ACEL for critical propulsion system components
Collaboration Emphasizes Maritime Environmental and Sustainability Demand
Las Vegas, Nevada--(Newsfile Corp. - March 19, 2025) - Vivic Corp. (OTCQB: VIVC) (the "Company", "we" or "VIVIC"), a leading global provider of access to luxury yachts, today announced the signing of the Electric Catamaran Yacht Joint Development Agreement with ACEL Power Inc. ("ACEL"). This collaboration will focus on developing renewable smart electric yachts.
Cooperation Details
- Product Categories: The electric catamaran yachts will include the EV1, EV2, EV58, and other series.
- Technical Research and Development:
- VIVIC: Responsible for yacht design and construction technology.
- ACEL: Tasked with the research, development, production, and integration of electric propulsion systems.
- Joint Efforts: Both parties will collaborate on advancing electric propulsion technologies and share related intellectual property rights.
- Production and Sales:
- VIVIC: Will handle the production, construction, sales, and after-sales services in Mainland China, Hong Kong, Macau, and Taiwan.
- ACEL: Will produce the electric propulsion systems and manage sales and after-sales services outside of Mainland China, Hong Kong, Macau, and Taiwan.
- Brand Authorization: All jointly developed electric yachts will feature the VIVIC and "威冠" (Weiguan) brand logos.
Strategic Significance
This partnership represents a significant advancement in the Company's strategic positioning within the renewable electric yacht market. The collaboration aims to meet the global demand for sustainable and efficient marine solutions by enhancing product competitiveness. The complementary technical expertise of both parties will accelerate the development of electric yachts and foster innovation within the industry.
VIVIC President and CEO Tse-Ling Wang commented, "We are optimistic that this partnership with ACEL Power will enhance our competitiveness in the global market and provide fresh momentum for future growth. Both parties in the joint development are committed to advancing project implementation in line with the cooperation agreement. We look forward to sharing our progress along with any performance-related contributions in future financial reports."
ACEL CEO and Co-founder Anthony Liu added, "This partnership with VIVIC represents a significant step forward in accelerating the adoption of electric propulsion in the luxury yacht market. By combining ACEL's cutting-edge electric propulsion technology, including its electrical backbone that also powers the yacht's house systems, with VIVIC's expertise in yacht design and manufacturing, we are creating a new standard for sustainable marine innovation. Furthermore, electric hybrid version of the yachts is being developed, designed to travel hundreds of kilometers on electric power with a single charge. Through advanced digitalization, we are creating a smart yacht that enhances performance, efficiency, and the overall user experience. Together, we are not only developing world-class electric catamarans but also driving the industry toward a cleaner, smarter, and more connected future. The first delivery of the yacht is scheduled to be in July 2025. "
About Acel Power Inc.
ACEL Power is comprised of an international team of passionate experts charting the voyage to carbon neutrality. The company's mission is to design and deliver cutting-edge solutions that redefine the marine industry, elevating it to new heights of integration, intelligence, safety and sustainability, and providing unparalleled user experiences. We design and engineer Intelligent Electric comprehensive systems, software and infrastructure that empower the forward-thinking explorers of today with the propulsion products of tomorrow. A new age in maritime power has dawned, and we are proud to be at its helm delivering world-leading electrification technologies. For more information, please visit www.acelpower.com.
ACEL Power, headquartered in Vancouver, Canada, is a pioneering manufacturer of electric outboard propulsion systems, leading the marine industry in innovation and sustainability. It is noted for introducing the world's first mass-produced 50 and 75 HP electric outboard motors, and now introduces the most powerful 250 HP (Peak 350 HP) electric outboard motor available. ACEL Power is committed to shaping a sustainable future through the creation of a smart electric ecosystem. With a forward-looking vision, ACEL aims to offer a comprehensive range from 1 HP to 650 HP, establishing new benchmarks for marine propulsion in performance, safety, and longevity. Leveraging patented technology and integrated software solutions, ACEL Power is driving change towards a cleaner, more efficient boating experience.
For more information, visit www.acelpower.com.
Watch ACEL's electric outboard motors in action here.
For media enquiries and more information on ACEL Power contact:
Natasha Chawla
VP Sales and Marketing
natasha@acelpower.com
About Vivic Corp.
Vivic Corp. is a distinguished company in the yacht industry, bringing unparalleled value and experiences to clients through innovative technology, product diversity, global presence, professionalism, and a commitment to sustainable development. We continuously explore the latest technological solutions to enhance yacht performance, safety, and comfort; offer a diverse product line to meet the needs and preferences of an array of clients. We have established a broad market and service network worldwide, providing comprehensive pre-sales and after-sales services; and employ a professional, dedicated, and experienced team to deliver high-quality products and services. Additionally, we emphasize environmental protection and social responsibility, striving for sustainable development. As a leader and pioneer in the yacht industry, we will continue to work hard to bring even better and more outstanding products and services to our customers. The company's main businesses include: Independent design, development, and sales of the "VIVIC" series of operational yachts mainly targeting domestic and foreign yacht clubs and water cultural tourism operators, with sales of mass-produced yachts including several models such as VV1 (40 feet), VV2 (46 feet), and V55 (55 feet). The company continues to independently design, develop, and manufacture all-electric and traditional power yachts through its own and subcontracted factories. Our products include leisure yachts, sea fishing yachts, diving function yachts, party function catamarans, large sailboats, and more, with maintenance and repair services available to our customers. The Company is a sales agent for multiple luxury yacht brands, and it is the exclusive agent for the 'MONTE FINO' series of luxury yachts from Kha Shing Enterprises, a world-renowned yacht builder with over 50 years of experience. These yachts, sold by the Company in regions outside of Taiwan and the United States, range from 45 to 150 feet. For more information, please visit www.vivicyacht.com.
Forward-Looking, Legal and Risk Disclosure Statements
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, financial position, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statements include statements as to demand for the Company's products and the impact of geopolitical conditions, including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, changes in economic conditions, and other risks, including those described in the Company's filings with the Securities and Exchange Commission (SEC), press releases, and other communications.
The execution of the cooperation detailed in this announcement may face various challenges, including market conditions, regulatory changes, and supply chain issues. Consequently, the Company cannot assure that all aspects of the cooperation will be completed on time or in full. Investors should carefully weigh these risks when making investment decisions.
The Company will continue to adhere to its innovation-driven development strategy, promote technological advancements in the new energy marine industry, and remain committed to creating long-term value for its shareholders. Should there be any significant developments, the Company will disclose relevant information in a timely manner in accordance with applicable securities regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245248
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