Automotive R&D investments enabled the marine industry to electrify
Mitch Lee · The Electrification of Everything: From Sky to Sea · Jun 12, 2023 · at 10:14
Mitch Lee is the co-founder and CEO of Arc Boats. He explains how electric boat manufacturers piggyback on battery advancements funded by the auto sector.
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“We have really benefited from hundreds of billions of dollars that have gone into research and development in the auto industry and the supply chains and the, you know, battery technology that's powering the auto industry that has suddenly enabled us to go tackle the marine industry, which might not by itself have been able to support that volume of Research and development.”
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