Vision Marine Technologies Partners with Neogy on Advanced Lithium Battery Facility

Vision Marine Technologies Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion, announced the opening of Neogy's new lithium battery production facility. This collaboration represents a significant step for Vision Marine, enhancing its competitive edge in the electric boat market.

The facility, located in Pompignac, France, boasts state-of-the-art technology and meets Europe's stringent safety standards, ICPE 1510. It's set to boost Vision Marine's supply of high-voltage batteries, crucial for its electric boating solutions.

Neogy's factory is already producing batteries for various applications, including marine, ensuring Vision Marine's customers benefit from quick delivery due to the strategic European location. Neogy's ability to adapt to impending European Li-ion battery standards by 2026 will further cement this partnership's value.

As Vision Marine focuses on advancing its E-Motion™ electric powertrain technology, it plans to sell its electric boat rental operations in Newport Beach, maintaining only select locations. This decision aims to allocate more resources towards technological development.

The article also acknowledges Mario Saucier's valuable contributions to Vision Marine as he departs from the board. This transition illustrates Vision Marine's ongoing evolution and commitment to leading in electric marine propulsion.