- Linamar Corporation (LNR) entered a manufacture and supply agreement with Vision Marine
- McLaren Engineering, Linamar’s technology and product development team will manufacture and assemble Vision Marine’s E-MotionTM technology
- It will do this through testing, parts, tooling development and designing the union assembly for the production of Vision Marine’s fully electric outboard motor at Linamar’s Canadian facility
- Key aspects of Vision Marine’s proprietary E-MotionTM technology includes power and efficiency, intuitive user experience, fast charging capabilities, noiseless engine
- The technology aims to be a sustainable solution with zero emissions by creating 100 per cent reduction in fuel, and 90 per cent reduction in maintenance cost compared to traditional ICE powered boats
- Linamar Corporation (LNR) is up 0.339 per cent and is trading at $68.12 per share at 4:19 p.m. ET
Linamar Corporation (LNR) entered a manufacture and supply agreement with Vision Marine.
McLaren Engineering, Linamar’s technology and product development team will manufacture and assemble Vision Marine’s E-MotionTM technology.
It will do this through testing, parts, tooling development and designing the union assembly for the production of Vision Marine’s fully electric outboard motor at Linamar’s Canadian facility.
“This agreement with Linamar, via our affiliation with McLaren Engineering, is a seminal event regarding the fully scaled commercialization of our E-Motion™ powertrain technology,” said Alexandre Mongeon, co-founder, and CEO of Vision Marine.
“We believe our partnership with Linamar/McLaren validates our proprietary powertrain technology, and positions Vision Marine to scale production in order to meet the growing demand from major boating OEMs, which will require our ability to deliver thousands of electric outboards.”
Key aspects of Vision Marine’s proprietary E-MotionTM technology include power and efficiency, intuitive user experience, fast charging capabilities, noiseless engine.
The technology aims to be a sustainable solution with zero emissions by creating 100 per cent reduction in fuel, and 90 per cent reduction in maintenance costs compared to traditional ICE-powered boats.
Linda Hasenfratz, CEO of Linamar, commented on the company’s excitement around the development of the “ground-breaking” E-MotionTM fully electric outboard.
“We consider Vision Marine to be a leader in electrifying global waterways and transitioning boating propulsion to a safe and clean EV industry,” she said.
Linamar is a manufacturing company that uses technology and manufacturing expertise to create solutions to power vehicles, motion, work, and lives for the future.
Linamar Corporation (LNR) is up 0.53 per cent and is trading at $68.12 per share at 4:19 p.m. ET.