Founded in 2017, VIVIC CORP. has pivoted to focus exclusively on electric and energy-efficient yachts after shedding other maritime ventures. While it leverages partnerships and third-party manufacturing primarily in Taiwan and China, its limited operating history, modest revenue scale, and significant net losses have prompted auditor concerns about its ability to continue as a going concern. The company faces considerable risks from liquidity shortages, dependence on external financing, and an intensely competitive market dominated by established players. Strategic initiatives such as government contracts and a time-share platform offer some promise but remain nascent amid ongoing financial uncertainty.