VIVIC Corp. Receives Major Order from Established Electric Outboard Motor Manufacturer

Core Insights - Vivic Corp. has secured a significant order from ACEL Power Inc. for three electric yachts, valued at approximately US$2.2 million, to be paid in installments based on milestone achievements [1][2][3] - The contract is expected to enhance Vivic's position in the high-end electric yacht market and reflects ACEL's recognition of Vivic's capabilities [3][4] - The partnership with ACEL is aimed at developing new energy-electric yachts, leveraging the complementary technical expertise of both companies to foster innovation in the industry [3][4] Company Overview - Vivic Corp. is focused on becoming a global leader in the yacht industry, emphasizing innovative technology, product diversity, and sustainable development [5][6] - The company offers a wide range of products, including all-electric and traditional power yachts, and provides comprehensive pre-sales and after-sales services [5][6] - Vivic is committed to environmental protection and social responsibility, striving for sustainable development while catering to various client needs [5][6]