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Stock impact report

Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform [Yahoo! Finance]

Massimo Group (MAMO) 
Company Research Source: Yahoo! Finance
GARLAND, Texas Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine , entered into a partnership with Vision Marine Technologies Inc (Nasdaq: VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership is expected to be a key step in rapidly delivering high-quality electric marine products to market. As part of the agreement, Massimo Marine will supply pontoon boats to be equipped with Vision Marine's E-Motion™ 180E Powertrain System, a complete turnkey electric powertrain solution. The U.S. pontoon boat market is a growing one, reaching sales of 115,000 units in 2023, a 5% incr Show less Read more
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