Latest news with #EV2
Yahoo
19-03-2025
- Automotive
- Yahoo
VIVIC Corp. Announces Joint Development Agreement with ACEL Power Inc.
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 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 Watch ACEL's electric outboard motors in action here. For media enquiries and more information on ACEL Power contact:Natasha ChawlaVP Sales and Marketingnatasha@ 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 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. Investor Relations Contact for VIVIC: Darrow Associates Jordan Darrow 631-766-4528 jdarrow@ To view the source version of this press release, please visit Sign in to access your portfolio
Korea Herald
14-03-2025
- Automotive
- Korea Herald
Kia to complete EV lineup by next year: CEO
Korean automaker aims to lead mass adoption of EVs with affordable models Kia has reaffirmed its plan to complete a full lineup of electric vehicles with launches of three new all-electric models through next year, aiming to lead the popularization of EVs. 'The full lineup of mass-market models ranging from the EV2 to EV5 will secure the same level as internal combustion engine vehicles in terms of the (total cost of ownership),' said Song Ho-sung, CEO of Kia, during the company's general meeting of shareholders held at El Tower in southern Seoul on Friday. 'This will enable customers to experience the outstanding performance of Kia EVs at a reasonable price and will lead the mass-adoption of EVs.' Starting with the launch of the Kia EV3, a battery-powered sport utility vehicle, the Korean automaker plans to debut two more electric SUVs in the EV2 and EV5, as well as the EV4, its first electrified sedan. The Kia CEO also emphasized that the automaker will expand into new market segments this year with the launch of PV5, the first model featuring the company's Platform Beyond Vehicle solution, and the market debut of the Tasman, the brand's first pickup truck. Pointing out the automaker's priority on digitalizing customer experiences, Song said, 'Kia's next-generation (software-defined vehicle), which we plan to finish developing in 2026, will be presented as a car integrating software and hardware by combining autonomous driving and connectivity on the basis of electronic architecture and an automotive operating system.' The CEO said the company expects to sell 3.22 million vehicles this year, up 130,000 units from 2024, as it enters a cycle of new vehicle launches. Kia forecast that it will log 12.4 trillion won ($8.5 billion) in operating profit with an operating profitability of 11 percent this year despite conservative projections due to intensifying competition worldwide and external uncertainties. Kia announced it will raise its dividend to 6,500 won per share this year, an increase of 900 won from last year. The automaker also unveiled that it has added real estate development to its business scope, saying that the automaker plans to build new flagship stores -- integrated showrooms that offer test drives, on-site purchases, maintenance and repair services and brand experiences.
Yahoo
03-03-2025
- Automotive
- Yahoo
CEO: Kia ‘definitely' needs smaller, even more affordable EV under EV2
TARRAGONA, Spain — Kia, fresh off the heels of unveiling its pint-sized EV2 crossover, says it is planning an even smaller, more affordable entry electric vehicle to turbocharge EV sales growth. Kia Corp. CEO Ho Sung Song said the South Korean automaker 'definitely' needs an offering below the EV2 and may even tease a concept of the car, a possible EV1, next year. Speaking at the Feb. 24 Kia EV Day here, Song said his company needs an affordable, mass-market entry to help drive global volume to the 1.6 million EVs Kia wants to sell annually in 2030. Such an offering is especially important in Europe where stringent emissions standards demand higher EV sales and EV price competition is being stoked by low-cost product from China. At the Kia EV event, Kia showcased the production version of an EV4 compact sedan and hatchback, a PV5 electric van and a concept version of the upcoming EV2 subcompact crossover. Sign up for the Automotive News F&I Report to get news, ideas and commentary delivered each Wednesday afternoon on how to maximize profits from your F&I products and services. Kia expects the EV2 to start around €30,000 ($31,100) and deliver annual sales of 100,000, mostly from Europe, Song said. The EV4 will start around €37,000 ($38,400) with volume of 160,000, with 80,000 from Europe, 50,000 from North American and 25,000 in South Korea. The PV5 will start around €35,000 ($36,300). By 2030, Kia wants annual sales of 250,000 from its line of Platform Beyond Vehicle people and cargo movers, including the PV5, PV7 and PV9. But Song says Kia still needs something more affordable to capture buyers after the first wave of 'early majority' EV adopters, a group he calls 'late majority' customers. 'I think the EV2's major target is early majority customers,' Song said. 'But if we want to move to the late majority customer target, we definitely need a lower size and a lower price.' Kia could tease that vehicle at the 2026 EV day, he added. 'We are internally studying what will be our entry EV product, apart from the EV2,' Song said. 'And maybe at the next EV Day, we will show you.' Kia did not disclose details about this entry EV. But the EV2 will go on sale in 2026 and option two batteries. The standard grade is expected to get a lithium-iron phoshate battery that delivers a range of at least 300 kilometers (190 miles), while the upper-grade long-range model gets a nickel-cobalt-manganese battery capable of ranges around 450 kilometers (280 miles), Kia said. The new, smaller EV would likely be the size of the Kia Picanto, sport smaller, less-costly batteries, and start under the €30,000 ($31,100) threshold. Kia's worldwide EV sales rose 10 percent to 201,000 vehicles in 2024, as its overall sales inched ahead only 0.1 percent to 3.09 million globally. Kia wants to sell 250,000 EVs globally this year. By 2030, the company wants to sell 1.6 million EVs worldwide, out of some 4.3 million vehilces of all powertrains. EVs should account for about 30 percent of Kia's total sales then, Song said. He said Kia will get there by ramping up a full range of new EVs, including the EV2, EV3, EV4 and EV5. Kia also plans 11 commerical EVs in that timeframe, including the PV5, PV7 and PV9. Have an opinion about this story? Tell us about it and we may publish it in print. Click here to submit a letter to the editor.
Yahoo
28-02-2025
- Automotive
- Yahoo
Despite Its Tiny Size The Kia EV2 Concept Has The Perfect Seats For Canoodling
At its EV Day event in Spain this week, Kia revealed the production versions of the EV4 sedan and PV5 van, both hugely important electric vehicles for the brand. Kia used the opportunity to also unveil a concept version of its upcoming EV2, a really tiny SUV aimed at European cities. Its adorable exterior is a close preview of what to expect from the production EV2 that will come out next year, and while the interior of the Concept EV2 is definitely more, well, concept-y than the outside, it has one real standout feature that I must highlight: the seats. If you've been missing the old Honda Fit's Magic Seats, you're in luck, because the EV2 concept has an evolution of the same idea. As it's based on the same E-GMP platform as other Hyundai Motor Group vehicles, the EV2 has a totally flat floor that Kia's designers took full advantage of. The base of the rear seat can flip up, allowing the front bench to slide all the way back, leaving a ton of room between you and the dashboard. Kia says it's perfect for relaxing or stretching your legs, and that you can sit on the flat floor to enjoy a meal, but we all know what this is really good for. If you're trying to cuddle up at a drive-in theater or get naughty at lover's lane, this seems like a way more spacious solution than getting into the back seat. When you open up the Concept EV2's front sliding and rear-hinged rear doors, sections slide out of the ends of the bench to add additional seating areas and storage compartments. While the production EV2 will certainly have four normal, front-hinged doors, the flip-up bench and sliding front seat doesn't seem far-fetched to me. In other markets, cars like the Kia EV9 and Hyundai Ioniq 9 have second-row captain's chairs that swivel around to face the third row, and Hyundai has shown off how you can slide and recline the Ioniq 9's front passenger seat pretty far back, right up against the second-row seat, for a great lounge experience. Read more: These Are The Dumbest Looking Cars Of All Time, According To You Kia says the EV2's interior "blends practicality and emotion," but it's really not too different from its current offerings, or even that concept-y. The orange metal surface running along the dash incorporates power outlets and a wireless charger along with some physical media or climate controls, and the only other piece of hardware on the dash is the seamless widescreen display. Kia doesn't say what sort of orange fabric is covering the front section of the interior, only that the EV2 uses sustainable materials, but the color split looks great. The triangular speakers in the door cards are actually removable and portable, like what you get in a Rivian. There are also pop-up sliding luggage dividers and straps, sections in the windows that display text messages to pedestrians or other road users, and animated LEDs in the dash. To go along with the door speakers there are lots of triangular motifs throughout, like the headrest shapes and the metal straps that appear to hold the seatbacks in place. While the EV2 might not look quite as outrageous as some of Kia's other recent EVs on the outside, it's definitely distinctive and has a lot of cool elements. It's the first instance we've seen of Kia using a pair of vertical headlights on each side, which sit above a bumper that looks like a sports person's mouth guard. Crisp lines run along broad shoulders that have prominent angular wheel arches, and the EV2's boxy silhouette and upright stance give me Soul vibes. The C-pillar shape is a new motif for Kia that works well here, and my favorite element are the weird taillights that are mounted quite low down on the rear end. Kia says the EV2 will launch in Europe and "other regions" in 2026, and the production model has already been spied looking basically identical to the concept, at least from the outside. Sadly, it doesn't seem like the U.S. will be one of those "other regions." The company hasn't given exact dimensions but Kia says the EV2 is a B-segment SUV, of which there are barely any in America — think cars like the Nissan Juke and Ford EcoSport. We could see the production version of the EV2 be revealed at some point later this year. Read the original article on Jalopnik.
Yahoo
27-02-2025
- Automotive
- Yahoo
Kia EV2 Concept Is Kia's Next Small EV
The Kia EV2 Concept debuted during the Kia EV Day event in Tarragona, Spain. The EV2 Concept debuted alongside the production version of the EV4. Kia says that the EV2 is scheduled to go on sale in Europe and other regions in 2026. Kia's EV Day is finally here, and it brought another of the company's EV concepts to the forefront. The Kia EV2 is set to be the B-segment entry point into the brand's battery-electric offerings. While this is a concept, Kia hasn't commented on the EV2's powertrain or battery pack. This compact Kia will probably ride on the company's e-GMP platform. Despite not pushing any details about the powertrain to the public, Kia did say that the EV2 will feature vehicle-to-load charging, which could be another sign that this upcoming EV will ride on the company's modular platform. Even though there isn't a lot about the EV2's powertrain, Kia did show off some creative packaging solutions for this small concept. This EV concept sports reverse-opening rear doors to help rear passengers more easily hop into the rear of the cabin. That rear seat can also fold upward to make more space for taller individuals to push the sliding front bench seat back as far as possible to make space for long legs. This concept also features pop-up luggage dividers and removable door speakers, like the Toyota Tacoma's center dash speaker. If you're wondering if Kia is going to build the EV2, that's an easy one: Yes. The company plans to launch this compact BEV crossover in Europe and other markets in 2026. It's hard to say if other markets are a reference to the United States, but only time will tell. Do you think that that Kia should bring the production version of the EV2 to the U.S.? Tell us your thoughts below.
