Yamaha Motor Acquires Electric Marine Propulsion Manufacturer Torqeedo

Bolstering competitiveness and accelerating carbon neutrality efforts in the Electric field of the Company's Marine CASE Strategy

IWATA, January 19, 2024 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that it has recently concluded a stock purchase agreement with Germany's DEUTZ AG, which owns marine electric propulsion manufacturer Torqeedo, to acquire all of Torqeedo's shares. This stock acquisition is premised on the acquisition of the clearances, permits, etc., required by competition laws and other regulations.

Torqeedo, a pioneer in the field of electric marine propulsion, offers a wide-ranging lineup of products, from electric outboard and inboard motors to batteries and various other accessories. With sales in the small electric motor market on the rise, mainly in Europe, Torqeedo continues to grow as a company. It also holds many patents related to electric motors, propellers, and electric systems, as well as the R&D capabilities, mass-production equipment, and development resources for next-generation environmental technologies.

Yamaha Motor's aim in acquiring Torqeedo is to strengthen the Company's development capabilities in the Electric field of its Marine CASE Strategy, which outlines the general direction for the Marine Products business in the current Medium-Term Management Plan. This acquisition is also meant to accelerate the Company's efforts for achieving carbon neutrality in the marine industry as well as aid in fast-tracking the establishment of a small electric propulsion lineup. Furthermore, by combining Torqeedo's assets with Yamaha Motor's decades of technical expertise and know-how in hull design, marine engines, and more will birth synergies for creating mid-range electric outboard motors as the Company aims to become a leader in the growing market for electric boat propulsion.

By implementing its Marine CASE Strategy, Yamaha Motor will deliver attractive products and services with high added value to its customers and strive to achieve its Marine Long-Term Vision of being a business further increasing the value of the ocean by providing customers with a reliable and rich marine life.

 

 

 

 

 

Yamaha Motor Marine introduces a new Hydrogen IC engine Outboard motor at the Miami boat show 14/18 Feb 2024

 Yamaha Motor Marine introduces a new Hydrogen IC Engine Outboard Motor

IWATA, December 7, 2023 - Yamaha Motor Co., Ltd. (Tokyo: 7272) is pleased to announce that it will be exhibiting a prototype hydrogen-powered outboard motor at the Miami International Boat Show, one of the world’s largest boat shows, scheduled to be held from February 14 to 18, 2024 in Miami, Florida, USA.

It must be no surprise that after Toyota and Yamaha announced in February 2022 the co-development of a V8 - 5.0Ltr that this outboard motor has the same specifications. Obviously, the experiences gained during that project flow into this and future Hydrogen IC engine applications. 

Yamaha has set a companywide environmental goal to achieve carbon neutrality in Scope 3* by 2050 - see some slides below.

Below a video of the "Yamaha Motor Marine Technology Briefing" held on December 7, 2023 for the press.in Japanese with English subtitles./

The presentation consisted of an explanation of "Yamaha Motor Long-Term Vision, Environmental Plan, and Marine Carbon Neutral Response" by Heiji Maruyama, Director, Managing Executive Officer, and "Marine Long-Term Vision and Marine Version CASE Strategy" by Toshiaki Ibata, Senior Executive Officer, Chief General Manager of Marine Business Operations.

https://youtu.be/oIGPOB29SfA?feature=shared 

Yamaha, Honda, Kawasaki and Suzuki to co-develop hydrogen small mobility engines

 

 

Yamaha, Honda, Kawasaki and Suzuki to co-develop hydrogen small mobility engines

The Japanese Ministry of Economy, Trade and Industry has granted approval to Yamaha Motor Co., Honda Motor Co, Kawasaki Motors and Suzuki Motor Corporation to form the technological research association HySE (Hydrogen Small mobility and Engine technology), which will develop hydrogen-powered engines for small mobility – suitable for fitment to motorcycles, small marine vessels, construction equipment and mini-vehicles from Japan.

 

 

With the mobility sector looking for ways to decarbonize, research and development programs aiming to commercialize hydrogen engine mobility are increasing in number.

The use of hydrogen for mobility does, however, come with its own set of challenges. These include fast flame speed and a large region of ignition, which can result in unstable combustion. Other technical issues include the limited fuel tank capacity of smaller vehicles.

To overcome such technical challenges, the HySE consortium will draw on each company’s respective expertise in petrol-powered engines to establish a design standard for small hydrogen-powered engines and advance research in this area.

“We are extremely pleased to announce the planned formation of the association,” said Kenji Komatsu, chairman nominee of HySE and executive officer of the Technical Research & Development Center, Yamaha.

“There are many challenges in the development of hydrogen-powered engines, but we hope to see the association’s activities advance the fundamental research in order to meet those challenges. We are committed to this endeavor with a sense of mission to preserve the use of internal combustion engines, which epitomize the long-time efforts that our predecessors have invested.”

Honda will be responsible for researching the model-based development of hydrogen-powered engines, with Suzuki conducting element studies on the functionality, performance and reliability of the power-trains. Both Yamaha and Kawasaki will carry out physical research using real hydrogen-powered engines.

Yamaha will also study the requirements for a hydrogen refueling system and hydrogen tanks for small mobility, with Kawasaki studying the auxiliary equipment required for a fuel supply system and tanks, and the equipment installed between the fuel tank and the injector. PT31052023