VIVIC signs US$100m contract for development of electric yacht

VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed R&D of an electric yacht and other products, which will be built in the new facility located in Quanzhou, Fujian province.