Vision Marine Technologies Achieves European CE Certification for E-Motion(TM) Equipped Electric Boat
Vision Marine Technologies (Nasdaq:VMAR) has announced that one of their boats equipped with the E-Motion™ 180E Electric Marine HV Powertrain has received CE certification for European conformity. This certification represents a significant step in the company's European market expansion strategy.
The global electric boats market is projected to grow from $3.3 billion in 2023 to $7.7 billion by 2030, with a CAGR of 13.0%. The European market specifically is expected to expand from $2,090.69 million in 2022 to $4,404.83 million by 2028, at a CAGR of 13.2%.
The CE certification validates the E-Motion™ system's performance and reliability, potentially encouraging European manufacturers to adopt Vision Marine's electric propulsion solutions. The company sees this as a strategic advantage in the European market, where there is growing demand for sustainable boating solutions.
Vision Marine Technologies (Nasdaq:VMAR) ha annunciato che una delle loro imbarcazioni equipaggiate con il sistema E-Motion™ 180E Electric Marine HV Powertrain ha ricevuto la certificazione CE per la conformità europea. Questa certificazione rappresenta un passo significativo nella strategia di espansione dell'azienda nel mercato europeo.
Il mercato globale delle imbarcazioni elettriche è previsto crescere da 3,3 miliardi di dollari nel 2023 a 7,7 miliardi di dollari entro il 2030, con un CAGR del 13,0%. Il mercato europeo, in particolare, si prevede si espanderà da 2.090,69 milioni di dollari nel 2022 a 4.404,83 milioni di dollari entro il 2028, con un CAGR del 13,2%.
La certificazione CE convalida le prestazioni e l'affidabilità del sistema E-Motion™, incoraggiando potenzialmente i produttori europei ad adottare le soluzioni di propulsione elettrica di Vision Marine. L'azienda vede questo come un vantaggio strategico nel mercato europeo, dove c'è una crescente domanda di soluzioni di navigazione sostenibili.
Vision Marine Technologies (Nasdaq:VMAR) ha anunciado que uno de sus barcos equipados con el sistema E-Motion™ 180E Electric Marine HV Powertrain ha recibido la certificación CE para la conformidad europea. Esta certificación representa un paso significativo en la estrategia de expansión de la empresa en el mercado europeo.
Se proyecta que el mercado global de barcos eléctricos crezca de 3,3 mil millones de dólares en 2023 a 7,7 mil millones de dólares para 2030, con una tasa compuesta anual (CAGR) del 13,0%. El mercado europeo en particular se espera que se expanda de 2.090,69 millones de dólares en 2022 a 4.404,83 millones de dólares para 2028, con un CAGR del 13,2%.
La certificación CE valida el rendimiento y la fiabilidad del sistema E-Motion™, lo que puede alentar a los fabricantes europeos a adoptar las soluciones de propulsión eléctrica de Vision Marine. La empresa ve esto como una ventaja estratégica en el mercado europeo, donde la demanda de soluciones de navegación sostenible está en aumento.
비전 마린 테크놀로지스 (Nasdaq:VMAR)는 E-Motion™ 180E 전기 해양 HV 파워트레인이 장착된 보트가 유럽 적합성 인증 CE를 받았다고 발표했습니다. 이 인증은 회사의 유럽 시장 확장 전략에 있어 중요한 이정표입니다.
전 세계 전기 보트 시장은 2023년 33억 달러에서 2030년 77억 달러로 성장할 것으로 예상되며, CAGR은 13.0%입니다. 특히 유럽 시장은 2022년 20억 9069만 달러에서 2028년 44억 483만 달러로 확대될 것으로 보이며, CAGR은 13.2%입니다.
CE 인증은 E-Motion™ 시스템의 성능과 신뢰성을 검증하며, 이는 유럽 제조업체들이 비전 마린의 전기 추진 솔루션을 채택하도록 유도할 수 있습니다. 회사는 이 사실을 지속 가능한 보트 솔루션에 대한 수요가 증가하고 있는 유럽 시장에서의 전략적 이점으로 보고 있습니다.
Vision Marine Technologies (Nasdaq:VMAR) a annoncé qu'un de ses bateaux équipé du système E-Motion™ 180E Electric Marine HV Powertrain a reçu la certification CE pour la conformité européenne. Cette certification représente un pas important dans la stratégie d'expansion de l'entreprise sur le marché européen.
Le marché mondial des bateaux électriques devrait croître de 3,3 milliards de dollars en 2023 à 7,7 milliards de dollars d'ici 2030, avec un taux de croissance annuel composé (CAGR) de 13,0%. Le marché européen, quant à lui, devrait passer de 2.090,69 millions de dollars en 2022 à 4.404,83 millions de dollars d'ici 2028, avec un CAGR de 13,2%.
La certification CE valide les performances et la fiabilité du système E-Motion™, ce qui pourrait encourager les fabricants européens à adopter les solutions de propulsion électrique de Vision Marine. L'entreprise considère cela comme un avantage stratégique sur le marché européen, où la demande de solutions de navigation durables est en hausse.
Vision Marine Technologies (Nasdaq:VMAR) hat bekannt gegeben, dass eines ihrer Boote, das mit dem E-Motion™ 180E Electric Marine HV Powertrain ausgestattet ist, die CE-Zertifizierung für die europäische Konformität erhalten hat. Diese Zertifizierung stellt einen bedeutenden Schritt in der Expansionsstrategie des Unternehmens auf dem europäischen Markt dar.
Der globale Markt für elektrische Boote wird voraussichtlich von 3,3 Milliarden Dollar im Jahr 2023 auf 7,7 Milliarden Dollar bis 2030 wachsen, mit einer CAGR von 13,0%. Der europäische Markt soll sich von 2.090,69 Millionen Dollar im Jahr 2022 auf 4.404,83 Millionen Dollar bis 2028 ausdehnen, mit einer CAGR von 13,2%.
Die CE-Zertifizierung validiert die Leistung und Zuverlässigkeit des E-Motion™-Systems und könnte europäische Hersteller dazu ermutigen, die elektrischen Antriebslösungen von Vision Marine zu übernehmen. Das Unternehmen sieht darin einen strategischen Vorteil auf dem europäischen Markt, wo die Nachfrage nach nachhaltigen Bootslösungen steigt.
- Obtained CE certification for E-Motion™ 180E system, enabling European market access
- Targeting fast-growing European electric boat market worth $2.09B in 2022
- Operating in a global market projected to reach $7.7B by 2030 with 13% CAGR
- None.
Insights
The CE certification achievement for Vision Marine's E-Motion™ 180E system marks a strategic inflection point in the company's European expansion. The European market, currently valued at
1. Regulatory Tailwinds: Europe's stringent environmental regulations and push towards sustainable transportation create a favorable environment for electric marine propulsion adoption. The CE certification removes a important barrier to market entry and positions VMAR ahead of potential competitors.
2. Market Growth Dynamics: With Europe's electric boat market projected to grow at a
3. Revenue Potential: The certification enables VMAR to partner with European boat manufacturers more easily, potentially creating multiple revenue streams through both direct sales and licensing agreements. This could significantly impact the company's market penetration rate and revenue growth trajectory.
However, investors should note that success will depend on VMAR's ability to scale production, maintain competitive pricing and establish strong distribution networks across European markets. The company's relatively small market cap of
MONTRÉAL, QC / ACCESS Newswire / January 31, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (Nasdaq:VMAR), a leading innovator in electric marine propulsion, proudly announces that one of our boats integrated with our groundbreaking E-Motion™ 180E Electric Marine HV Powertrain has successfully received "CE" certification or European conformity. This milestone marks Vision Marine's strategic push toward greater penetration in the European market with its electric marine powertrain products, showcasing its product's readiness to meet the European Economic Area's demand for sustainable and high-performance boating solutions.
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Our "CE" certification is a pivotal step in Vision Marine's European strategy. After numerous successful integrations of the E-Motion™ 180E system into boats produced by European manufacturers, obtaining "CE" certification on this first boat was the logical progression to obtain compliance with the region's rigorous standards.
The European marine industry appears to be at the forefront of electric propulsion adoption, driven by a strong emphasis on sustainability and regulatory support. Market research projects the global electric boats market to expand from USD
This certification milestone highlights the importance of the European market for Vision Marine Technologies, where we believe the rapid adoption of electric propulsion underscores the growing potential for advanced solutions. Achieving CE certification eliminates a significant barrier for manufacturers, signaling Vision Marine's readiness to provide innovative and what we believe to be reliable electric systems tailored to European standards. By aligning its engineering excellence with the region's evolving needs, we believe Vision Marine is well-positioned to support manufacturers in delivering next-generation marine products and capturing opportunities in the expanding global electric boating market. Moreover, this milestone further exemplifies Vision Marine's commitment to position itself in order to drive sustainable innovation and foster long-term growth within the European market with our electric propulsion solutions.
We believe this achievement validates our E-Motion™ 180E Electric Marine HV Powertrain system's performance, reliability, and compatibility, and is likely to encourage manufacturers to adopt Vision Marine's cutting-edge electric propulsion solutions as part of their product lines.
"Achieving CE certification is an important milestone for Vision Marine as we continue our expansion into the European market," noted Alexandre Mongeon, CEO of Vision Marine. "This accomplishment underscores our commitment to providing world-class electric powertrain systems that meet the highest standards of safety and performance. While we advance in Europe, we remain steadfast in pushing the boundaries of electric marine innovation in the American market."
About Vision Marine Technologies Inc.
Vision Marine Technologies, Inc. (NASDAQ: VMAR) is transforming the marine industry with its revolutionary E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine is driving the shift to sustainable, electric-powered recreational boating.
Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements, expressed or implied, in this release are based only on information currently available to us and speak only as of the date on which they are made. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this release. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review a detailed discussion of these risks, in Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.
Investor and Company Contact:
Vision Marine Technologies
Bruce Nurse (303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc.
View the original press release on ACCESS Newswire
FAQ
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