Official Announcement | FORMITEK and Chuanqi Technology Forge Strategic Alliance to Chart a New Blueprint for Intelligent Renewable Energy Vessels

From March 29 to 31, during the Shanghai International Boat Show, FORMITEK (Zhejiang) Co., Ltd. and Zhoushan Chuanqi Technology AI Co., Ltd formally signed a strategic cooperation agreement. By leveraging their respective key competencies in advanced power electronics and intelligent vessel design, the two parties will collaborate to develop more efficient and reliable integrated solutions for the renewable energy marine sector.

 

At the exhibition, the jointly launched "100K-Class Canard Vessel" by FORMITEK and Chuanqi Technology made its debut. This innovative vessel is specifically engineered for scenic tourism and urban water transportation. Powered by FORMITEK's intelligent power modules and meticulously designed by Chuanqi Technology, the vessel integrates a futuristic design language with an electric propulsion system and intelligent navigation technologies. Key features include low noise, zero emissions, and superior comfort, making it ideal for applications such as scenic water tours, lake and inland waterway transport, water taxis, and premium tourism shuttles. Its enclosed cockpit and panoramic glass design provide passengers with expansive views and an enhanced travel experience. Upon its debut, the vessel garnered unanimous acclaim from attendees and successfully secured multiple orders.

 

Strategic Synergy · Complementary Advantages

 

FORMITEK (Zhejiang) Co., Ltd., a subsidiary of FORMITEK (Zhoushan) Co., Ltd., is a high-tech enterprise specializing in wide-bandgap power semiconductor technology and dedicated to the intelligent manufacturing of high-efficiency, high-reliability power solutions. With profound expertise in intelligent marine electrical systems, the company holds multiple patents and possesses end-to-end capabilities spanning from key technologies to final products. Its marine electronic products have achieved broad market recognition.

 

Strong Corporate Support: Supported by a powerful group structure, the parent company, FORMITEK, is a high-tech enterprise founded by experts in power semiconductors together with leaders from the power electronics industry. The group comprises five specialized subsidiaries spanning semiconductor chips, module packaging, power module products, and testing & certification, forming a fully integrated ecosystem from components to high-end applications.

 

Strong Technological Capabilities: The group holds nearly 70 patents and over 160 intellectual property rights, with technological expertise and extensive experience in the field of intelligent vessels.

 

Strong Customization Capabilities: Able to tailor communication protocols, voltage specifications, and other parameters to meet specific requirements, delivering fully customized solutions. Established in 2019, Chuanqi Technology AI Co., Ltd is a provincial-level technology-driven SME within the marine industry. The company possesses intellectual property in areas including RHINO-based Finite Element Method (FEM) analysis software, proprietary rendering software, and digital twin technology, establishing a strong technological foundation.

 

Expert Team: The team comprises professionals in marine engineering, with expertise in vessel design, CFD (computational fluid dynamics) analysis, and FEM (finite element method) structural analysis. They also excel in consulting for marine vessel solutions.

 

Proven Track Record: Led key projects including CATL's vessel propulsion system project (valued at 18 million) and CSIC Heavy Machinery's offshore aquaculture platform project (valued at 19 million). The company has also established in-depth collaborations with research institutes under China State Shipbuilding Corporation and marine ecological monitoring centers, demonstrating strong industry resources and partnerships.

 

Ambitious Vision: Fully committed to renewable energy and intelligent vessel design, the company is targeting an annual output value of 50 million by 2026 while sustaining a 50% year-on-year growth rate. It aims to drive an industry transformation in Putuo District and establish a new benchmark for ship design in China.

 

Mutual Success Through Collaboration · 1+1 > 2

 

Through this strategic partnership, both parties will engage in comprehensive and in-depth collaboration, integrating their respective resources to jointly expand into domestic and international high-end vessel markets. Together, they will build a green ecosystem for the marine industry, contribute to the advancement of industry standards, and facilitate more efficient and sustainable industry development.

 

Deep Technological Integration: FORMITEK will provide customized marine power systems, electric propulsion, and energy management solutions to enhance vessel performance through its core technologies. Chuanqi Technology, leveraging its leading expertise in naval architecture and hydrodynamics, will deliver optimized platform solutions for these systems, creating a significant synergistic effect.

 

Flagship Product Development: FORMITEK's high-efficiency power technologies will be prioritized for application in Chuanqi Technology’s renewable energy vessel projects, jointly developing industry-leading products that combine superior performance with exceptional quality, and setting new market benchmarks.

 

Joint Market Expansion for Shared Success: By integrating both parties' technological capabilities and channel resources, the partnership will expand into domestic and international renewable energy vessel markets, accelerate technology commercialization, and bring green, intelligent vessels into a wider range of applications.

 

Co-Building an Industry Ecosystem: Together, the partners will drive the development of industry standards, accelerate digitization and intelligent transformation across the marine sector, inject strong momentum into regional economic growth, and catalyze a new wave of industry innovation.

 

Shaping the Future Together · Unlocking the Ocean of Intelligent Vessels

 

A representative from FORMITEK stated that Chuanqi Technology's expertise and strong technical capabilities in vessel design are highly impressive. This collaboration marks an important step in leveraging complementary strengths for shared development. Moving forward, FORMITEK will continue to empower the marine industry with its key technologies, delivering higher-quality power solutions.

 

A representative from Chuanqi Technology added that FORMITEK's leading position in power technology provides a solid foundation for this partnership. Together, the two parties will advance by accelerating the adoption of renewable energy vessels and bringing the industry a more environmentally friendly, efficient, and intelligent experience, jointly setting a new benchmark for shipbuilding industry.

 

This powerful alliance represents not only a win-win collaboration between two companies, but also a new source of momentum for the entire marine industry. Looking ahead, we eagerly anticipate FORMITEK and Chuanqi Technology working hand in hand to shape a new vision for intelligent renewable energy vessels and navigate toward a broader future.

 

Contact Us

 

FORMITEK (Zhoushan) Co., Ltd. (formerly Nanjing THINKANTECH Co., Ltd.) is a high-tech power solutions brand focused on power semiconductor technology. Guided by a strategy of  "vertical technology integration + industrial synergy," the company drives breakthroughs through independent R&D. It holds nearly 70 patents and over 160 intellectual property rights, and has obtained dual quality system certifications along with multiple prestigious industry recognition. With expertise in intelligent marine electrical systems, FORMITEK leverages its industry-chain capabilities to drive innovation across the sector.

 

For inquiries and partnership opportunities, please feel free to contact us.

 

Email: info@formitek.com