Why Vision Marine Technologies (VMAR) Shares Are Skyrocketing

Vision Marine Technologies Inc VMAR shares are trading higher by 79% to $2.71 during Friday’s session after the company announced it has partnered with Calip Group to establish a production line for custom cooling plates.

What To Know: These plates, set for production in 2025, address the thermal challenges of marine batteries, which require sustained high-power delivery in demanding environments.

Vision Marine Technologies says by improving heat dissipation and stabilizing cell temperatures, the plates enhance battery reliability, performance and lifespan.

Vision Marine Technologies added that Calip Group brings expertise in friction stir welding FSW to manufacture fully sealed cooling plates. The company says the new cooling plates further support Vision Marine's ability to meet the growing demand for efficient electric marine propulsion systems while maintaining production scalability and performance consistency.

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According to data from Benzinga Pro, VMAR has a 52-week high of $136.35 and a 52-week low of $1.30.