ePropulsion expands R&D facilities with new Hong Kong office
Marine electric propulsion specialist, ePropulsion is opening an office in Hong Kong to strengthen its research and development (R&D) capabilities.
The new R&D capabilities in Hong Kong expand ePropulsion’s footprint in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), an area known for high-tech manufacturing and professional services, joining its Dongguan headquarters and manufacturing facilities as well as its Shenzhen lab and marketing team.
The Hong Kong research team will focus on the development of autonomous ship technology and Internet of Boats (IoB), using advanced software simulation tools and miniaturised prototypes.
“ePropulsion is proud to be charting a greener future for the boating community worldwide from the Greater Bay Area,” says Danny Tao, CEO of ePropulsion. “We are investing in Hong Kong because we believe in its future as an R&D centre within the world-class innovation and manufacturing hub that is the GBA.”
The company says the new office at the heart of Hong Kong’s innovation ecosystem will further strengthens its R&D relationship with the Hong Kong University of Science and Technology, where it was founded and incubated in 2012.
ePropulsion sales revenue grew 60% in 2020 with the company forecasting 100% growth in 2021.