Gospel has outlined a strategic plan to incorporate electric propulsion into at least 10% of its boats within the first year of the agreement. Credit: ACEL Power Inc/Business Wire.

Gospel Boat, a Chinese vessel manufacturer, has entered into an agreement with ACEL Power to purchase 1,000 electric propulsion units over the next five years.

With this move, Gospel Boat aims to electrify its product line in response to a growing “eco-conscious consumer base” and “strict environmental regulations” in key markets such as Europe, Australia, and North America.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Gospel Boat, which manufactures 1,400 boats annually, including pontoons, pro-fishers, catamarans, and centre cabins, has taken a “significant step toward sustainability” through this partnership.

The company has outlined a strategic plan to incorporate electric propulsion into at least 10% of its boats within the first year of the agreement. This percentage is expected to double by the fifth year.

Gospel Boat managing director Jack Li said: “We are excited to partner with ACEL Power to lead this transformation in the marine industry.

“Innovation is the future of boating, and this collaboration is key to redefining sustainable marine experiences worldwide.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The first batch of electric boats is anticipated to be ready for export by mid-2025.

ACEL Power’s electric propulsion technology solutions comprise the Intelligent Electric Series. Launched in 2024, the series includes the IE50 (50HP) and IE75 (75HP) models.

These systems consist of electric outboards, battery packs, power supply, smart chargers, digital throttles, and onboard computers.

Furthermore, the systems feature a 95.8% powertrain efficiency and AC/DC fast charging support along with proprietary software for real-time performance monitoring.

ACEL Power CEO Anthony Liu said: “This partnership highlights our shared commitment to sustainability and innovation. At ACEL, we’re electrifying the marine industry, driving digital transformation, and creating seamless user experiences.”

In April 2024, ACEL Group selected Finnish power electronics specialist The Switch, part of BEMAC Group, to supply single drives for a midlife upgrade of the multipurpose offshore vessel Island Frontier.

The project was managed by ACEL’s subsidiary, Haf Power Solutions (HPS).