Luxury yacht provider Vivic Corp has signed a joint development agreement with ACEL Power to develop a range of electric catamarans.
Under the agreement, both parties will collaborate on advancing electric propulsion technologies and share related intellectual property rights.
In particular, VIVIC, which has its headquarters in Las Vegas, will be responsible for yacht design and construction technology with ACEL undertaking the research, development, production, and integration of electric propulsion systems.
The companies say their complementary technical expertise will accelerate the development of electric yachts and foster innovation within the industry.
VIVIC designs, develops, and manufactures electric and traditional power yachts through its own and subcontracted factories.
The company’s current mass-produced models include the 40ft VV1, 46ft VV2, and the 55ft V55.
We are optimistic that this partnership with ACEL Power will enhance our competitiveness in the global market.
Tse-Ling Wang
Three new electric catamarans from 40ft to 58ft are planned, with VIVIC handling the production, construction, sales, and after-sales services in Mainland China, Hong Kong, Macau, and Taiwan.
ACEL, based in Vancouver, will produce the electric propulsion systems and manage sales and after-sales services outside of Mainland China, Hong Kong, Macau, and Taiwan.
The new range of yachts will be developed under the VIVIC and Weiguan brand.
“We are optimistic that this partnership with ACEL Power will enhance our competitiveness in the global market and provide fresh momentum for future growth,” explained VIVIC president and CEO Tse-Ling Wang.
“Both parties in the joint development are committed to advancing project implementation in line with the cooperation agreement.”
Electric propulsion
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.”
He added: “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 yacht delivery is scheduled for July 2025.
ACEL is a manufacturer of electric outboards from 50hp to 250hp.
VIVIC designs, produces, sells, operates, and services yachts in North America, Asia, and the Middle East.
