MARION, NC - Forza X1, Inc. (NASDAQ:FRZA), a company specializing in electric sport boats, has made significant headway in the construction of its new manufacturing facility in Marion, North Carolina. The latest development in the project includes the completion of most of the concrete floor for the 60,000 square foot structure, with steel setting operations slated to commence this week.
Joseph Visconti, Forza's Executive Chairman, Interim CEO, and Chief of Product Development, shared his optimism about the progress, noting that the company is approaching the realization of a cutting-edge manufacturing site. The facility is expected to have the capacity to produce up to 550 boats annually, employing advanced closed-molded composite boat building technologies.
The acquisition of the 11-acre property was completed in September, following site preparation by McDowell County earlier in 2023. The delivery of steel construction materials occurred in October, and the foundation's initial pour was carried out in late January. Visconti anticipates further construction milestones throughout the spring and into the summer months.
Forza X1, Inc. focuses on the design, implementation, and sale of electric boats, integrating electric vehicle technology into the control and power systems of their proprietary outboard electric motors and hulls.
This news article is based on a press release statement from Forza X1, Inc.
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