The company's principal supplier and distributor in mainland China was Weiguan Ship, which managed yacht production, delivery, and after-sales services based on the company's designs. Weiguan Ship also handled products and after-sales services for all sales orders in mainland China and paid a 15% brand usage fee to the company. The company held exclusive distribution rights for Monte Fino yachts in the People's Republic of China, the Philippines, and the Middle East under an agreement with Kha Shing Enterprise Co., Ltd. (Taiwan). Additionally, the company entered into an Electric Catamaran Yacht Co-Development Agreement with Acel Power Inc. to develop an electric yacht. In 2023, the company divested all business operations in mainland China, including the sale of Weiguan Ship to Yun-Kuang Kung. Operations in Taiwan ceased in August 2025 due to government import restrictions on ships from China, the company's main supplier region. Subsequently, the company shifted its focus to operations in the United States and Southeast Asia, promoting sales through its U.S. entity, Vivic. Other suppliers referenced include Vivic Corporation (Hong Kong) Co. Limited and Vivic Taiwan.
Vivic's Comment on Supply Chain
The company's principal supplier and distributor in mainland China was Weiguan Ship, which managed yacht production, delivery, and after-sales services based on the company's designs. Weiguan Ship also handled products and after-sales services for all sales orders in mainland China and paid a 15% brand usage fee to the company. The company held exclusive distribution rights for Monte Fino yachts in the People's Republic of China, the Philippines, and the Middle East under an agreement with Kha Shing Enterprise Co., Ltd. (Taiwan). Additionally, the company entered into an Electric Catamaran Yacht Co-Development Agreement with Acel Power Inc. to develop an electric yacht. In 2023, the company divested all business operations in mainland China, including the sale of Weiguan Ship to Yun-Kuang Kung. Operations in Taiwan ceased in August 2025 due to government import restrictions on ships from China, the company's main supplier region. Subsequently, the company shifted its focus to operations in the United States and Southeast Asia, promoting sales through its U.S. entity, Vivic. Other suppliers referenced include Vivic Corporation (Hong Kong) Co. Limited and Vivic Taiwan.
Sources:
Vivic Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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