ACEL Power and Gospel Boat partner to deliver 1,000 electric propulsion units in five years
financialpost.com — January 22, 2025, 09:01 PM UTC
ACEL Power Inc. has partnered with Chinese boat manufacturer Gospel Boat to deliver 1,000 electric propulsion units over five years. This agreement aims to enhance sustainability in the marine industry, aligning with global zero-emissions goals. Gospel Boat plans to electrify its product line, starting with 10% of its boats using electric propulsion in the first year, increasing to 20% by the fifth year. The first electric boats are expected to be exported by mid-2025. ACEL Power, known for its electric outboard motors, aims to lead innovation in marine propulsion. The partnership reflects a shared commitment to sustainability and advancing electric solutions in boating.