FARMINGTON HILLS, MICHIGAN. (May 18, 2023) – Jing-Jin Electric (JJE, SH 688280) has signed an Supply Agreement and Letter of Intent for a long term partnership with Mercury Marine, a division of Brunswick Corporation (NYSE:BC) and the largest global marine propulsion system company. This partnership is a significant step in diversifying JJE’s electric motor and inverter technologies in the marine industry. The collaboration will enable Mercury to expand its portfolio of electric propulsion solutions – advancing to high voltage, higher power electric systems.

“We are very excited to collaborate with the global leader of the marine industry to jointly advance the electrification of marine propulsion,” said Scott Taylor, general manager of JJE North America. “This long-term partnership will establish both companies’ leading position in this new electric drive space. It is by combining our capabilities in motor systems, marine propulsion, and customer experience that we can set the standard for the industry.”

“We are excited to engage with JJE as we co-develop and produce the next evolution of high voltage propulsion systems for marine and broaden our ACES strategy globally,” said Perissa Bailey, Mercury Marine vice president of e-Solutions. “JJE has a rich history of working with established companies within the automotive industry globally, and we are looking forward to this new partnership that will continue to strengthen Mercury’s leadership position in electric propulsion.”

Currently, JJE works with customers like Stellantis, Allison Transmission, Shanghai Automotive, Traton Group, BYD and other leading OEMs – leveraging the company’s leadership and expertise in electric motors and inverters in automotive and commercial vehicle industries. With this new partnership, Mercury will utilize its full set of capabilities in Noise, Vibration and Harshness (NVH), hydrodynamics, propellers, controls and more to deliver electric products that are easy to use, reliable, and high performance in the same way as its award-winning and industry-leading internal combustion products.

About Mercury Marine

Headquartered in Fond du Lac, Wisconsin, Mercury Marine® is the world’s leading manufacturer of recreational marine propulsion engines. A division of Brunswick Corporation (NYSE: BC), Mercury provides engines, boats, services and parts for recreational, commercial and government marine applications. Mercury empowers boaters with products that are easy to use, extremely reliable and backed by the most dedicated customer support in the world. The company’s industry-leading brand portfolio includes Mercury outboard engines, Mercury MerCruiser® sterndrive and inboard packages, Mercury propellers, Mercury inflatable boats, Mercury SmartCraft® electronics, Land 'N' Sea marine parts distribution and Mercury and Quicksilver® parts and oils. More information is available at MercuryMarine.com.

About Jing-Jin Electric (JJE)

Established in 2008, JJE is an electrified propulsion leader in components, assemblies and systems for global customers in automotive and commercial vehicle industries. JJE has full capabilities in developing mechanical, electrical and electronics content as well as control software. JJE has production facilities in Michigan, United States, Shandong and Shanghai, China. JJE is a publicly listed company at Shanghai Stock Exchange under stock code 688280.