Visionary Holdings Deepens Its Battery Swap Layout in Hong Kong, Driving a New Journey with the Dual Engines of Technological Innovation and Market Expansion

Visionary Holdings (NASDAQ: GV) has announced significant developments in its Hong Kong battery swap operations.

Rhea-AI Summary

Visionary Holdings (NASDAQ: GV) has announced significant developments in its Hong Kong battery swap operations. The company has secured US$1 billion in financing from Qatar's Alfardan Group and is making strides in both technology and market expansion.

On the technology front, GV is developing a next-generation intelligent battery swapping system that aims to reduce swap times from the current 5-8 minutes to under 3 minutes. The technology will be compatible with over 80% of market EVs and is expected to complete field tests by end-2025.

In market expansion, following its first battery swap station partnership with PEGASUS International Group, GV is negotiating with Hong Kong logistics companies to provide customized battery swapping solutions. The company plans to establish 20 exclusive battery swap stations by end-2025, covering major logistics routes in Hong Kong.

Positive

• Secured US$1 billion financing from Qatar's Alfardan Group
• Developing technology to reduce battery swap time to under 3 minutes
• New technology compatible with 80% of market EV models
• Plans to build 20 exclusive battery swap stations by end-2025
• Established preliminary agreements with multiple Hong Kong logistics companies

Negative

• Technology still in laboratory testing phase with no proven commercial viability
• Commercial deployment not expected until after end-2025
• Significant capital expenditure required for station buildout

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TORONTO, March 19, 2025 /PRNewswire/ -- Recently, Visionary Holdings (NASDAQ: GV) has continued to make efforts in the field of battery swapping for new energy vehicles in Hong Kong. After obtaining a US$1 billion financing from Qatar's Alfardan Group and entering the loan process, it has also achieved breakthrough progress in technological research and development and market expansion, once again attracting high attention from the capital market. In accordance with the information disclosure requirements for US-listed companies, the relevant key progress is hereby notified to investors and the market.

In terms of technological innovation, Visionary has reached a deep cooperation with an international top scientific research team to jointly develop a new generation of intelligent battery swapping technology. This technology aims to significantly shorten the battery swapping time, further reducing the current industry average battery swapping time of 5-8 minutes to within 3 minutes. At the same time, it improves battery compatibility and can be adapted to the batteries of more than 80% of different models of new energy vehicles on the market. Once this technological innovation is put into application, it will greatly enhance the user's battery swapping experience, effectively solve the pain point of the energy replenishment efficiency of new energy vehicles, and enhance Visionary's core competitiveness in the battery swapping market. Currently, this technology has entered the laboratory simulation test stage, and it is expected to complete field tests by the end of 2025 and gradually be put into commercial use.

In terms of market expansion, based on the cooperation with PEGASUS International Group (Hong Kong) to lay out the first battery swapping station, Visionary is actively negotiating with several local large logistics enterprises in Hong Kong and has reached preliminary cooperation intentions. These logistics enterprises have a large fleet of new energy logistics vehicles and have an urgent demand for battery swapping services. Through cooperation, Visionary will customize exclusive battery swapping solutions for them and create an integrated service system that integrates battery swapping, battery management, and vehicle maintenance. It is expected that by the end of 2025, Visionary will build 20 exclusive battery swapping stations for the cooperating logistics enterprises, covering the main logistics transportation routes in Hong Kong to meet the high-frequency battery swapping needs of logistics enterprises and contribute to the development of green logistics in Hong Kong.

These dual breakthroughs in technological innovation and market expansion have profound significance for Visionary's market value management and the boost of confidence in the capital market. From an industry perspective, with the continuous expansion of the new energy vehicle market, technological leadership and customized services will become the keys for battery swapping enterprises to stand out. By developing a new generation of intelligent battery swapping technology and laying out battery swapping services in the logistics field in advance, Visionary is expected to set a new industry benchmark in the battery swapping market in Hong Kong, further consolidate its market share, and enhance its brand value.

For investors, the efficiency improvement brought about by technological innovation and the expected revenue growth brought about by market expansion are undoubtedly a shot in the arm. Stable investment in technological research and development and a precise market expansion strategy have reduced investment risks and enhanced investors' confidence in Visionary's future profitability. At the same time, in accordance with the information disclosure requirements for US-listed companies, Visionary will regularly disclose the technological research and development progress and market expansion achievements to investors to ensure information transparency and protect investors' rights and interests.

Looking ahead, Visionary will continue to adhere to the concept of sustainable development, take technological innovation as the core driving force, and be guided by market demand to accelerate its layout in the field of battery swapping for new energy vehicles in Hong Kong. By continuously optimizing battery swapping technology and expanding service areas, it will contribute to the development of the new energy vehicle industry in Hong Kong, create substantial returns for investors, and continuously demonstrate the investment value and development potential in the field of new energy battery swapping.

For more information, please contact:

Visionary Holdings Inc.

Investor Relations Department

Email: ir@farvision.ca 

View original content:https://www.prnewswire.com/news-releases/visionary-holdings-deepens-its-battery-swap-layout-in-hong-kong-driving-a-new-journey-with-the-dual-engines-of-technological-innovation-and-market-expansion-302405033.html

SOURCE Visionary Holdings Inc

FAQ

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What is the timeline for Visionary Holdings (GV) to complete field tests for its new battery swapping technology?

Visionary Holdings expects to complete field tests for its new battery swapping technology by the end of 2025, followed by gradual commercial deployment.

How many battery swap stations does GV plan to build in Hong Kong by 2025?

GV plans to build 20 exclusive battery swapping stations along Hong Kong's main logistics routes by the end of 2025.

What is the expected battery swap time reduction with GV's new technology?

The new technology aims to reduce battery swap time from the current industry average of 5-8 minutes to under 3 minutes.

How much financing did Visionary Holdings (GV) secure from Qatar's Alfardan Group?

Visionary Holdings secured US$1 billion in financing from Qatar's Alfardan Group.

What percentage of EV models will be compatible with GV's new battery swapping technology?

The new technology will be compatible with batteries from over 80% of different new energy vehicle models in the market.