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) generates news that reflects its activities in the luxury and electric yacht industry, its regional operating decisions, and its corporate governance. The company describes itself as a global provider of access to luxury yachts, with a product line that includes its own VIVIC series of operational yachts and agency roles for other luxury brands, such as Monte Fino yachts from Kha Shing Enterprises.
Recent news releases highlight Vivic’s focus on new energy and electric yachts. The company announced an Electric Catamaran Yacht Joint Development Agreement with ACEL Power Inc. to develop renewable smart electric yachts, including EV1, EV2, and EV58 series. It also disclosed a binding order contract with ACEL for three electric yachts, identified as EV1-1, EV1-2, and EV58, to be supplied under milestone-based payment terms. These updates illustrate how Vivic is positioning itself within the electric and high-end yacht segments.
Investors and observers following VIVC news will see announcements related to yacht sales performance, such as preliminary revenue updates, as well as strategic collaborations and regional market decisions. For example, the company has reported that it previously focused on yacht sales worldwide from a headquarters in Taiwan and later decided to dissolve its Taiwan branch and concentrate operations in the United States and Southeast Asia due to regulatory constraints on importing ships from China.
This news page aggregates such developments, including earnings-related disclosures, partnership agreements, contract wins, and board or executive changes reported in SEC filings. Readers can use it to track how Vivic’s business mix, geographic focus, and electric yacht initiatives evolve over time and to review the company’s own narrative about its role in the yacht industry.
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.
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