Visionary Holdings Secures an Order for 12,000 New Energy Vehicles and Plans to Establish a Network of Battery Swap Service Stations in Hong Kong

Rhea-AI Summary

Visionary Holdings has secured a significant order for 12,000 new energy vehicles specifically designed for the Hong Kong taxi market. The company plans to establish a comprehensive network of battery swap service stations across Hong Kong to support these vehicles.

The battery swap stations will feature advanced technology enabling quick battery replacement, offering faster energy replenishment compared to traditional charging methods. This system aims to minimize taxi downtime and maximize driver income. The service will be supported by an intelligent management system and mobile application for real-time monitoring of station locations and battery status.

This initiative represents a strategic expansion in the Hong Kong market and demonstrates Visionary's commitment to developing a comprehensive industrial ecosystem for new energy vehicles. The company aims to contribute to Hong Kong's green transportation goals while securing a significant position in the region's new energy vehicle market.

Positive

• Secured major order for 12,000 new energy vehicles
• Expanding into Hong Kong market with dedicated infrastructure
• Implementation of advanced battery swap technology for faster service
• Development of comprehensive industrial ecosystem

Negative

• Significant capital investment required for battery swap station network
• No specified timeline for infrastructure deployment
• No disclosure of order value or financial impact

News Market Reaction

+23.72%

1 alert

+23.72% News Effect

On the day this news was published, GV gained 23.72%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, March 7, 2025 /PRNewswire/ -- Recently, Visionary Holdings has achieved a significant breakthrough in the field of new energy vehicles by successfully securing an order for 12,000 new energy vehicles (Hong Kong taxi version). The attainment of this order not only showcases the company's remarkable strength in new energy vehicle manufacturing but also lays a solid foundation for its further expansion in the Hong Kong market. At the same time, Visionary Holdings has announced that it will simultaneously promote the establishment of a network of battery swap service stations in Hong Kong, aiming to provide efficient and convenient battery swap services for new energy vehicle users in the region.

The order for 12,000 new energy vehicles that has been secured this time is a major victory for Visionary Holdings in the new energy vehicle market. These vehicles will be specifically supplied to the taxi market in Hong Kong to meet the growing demand for green transportation in the city. New energy vehicles feature zero emissions and low energy consumption, which will contribute to improving the air quality in Hong Kong and promoting the city's sustainable development.

In order to ensure the efficient operation of these new energy vehicles in Hong Kong, Visionary Holdings plans to establish a comprehensive network of battery swap service stations in the region. The battery swap service stations will adopt advanced battery swap technologies, enabling the completion of battery replacement within a short period of time and greatly enhancing the operational efficiency of taxis. Compared with the traditional charging method, the battery swap model offers a faster energy replenishment speed, which can effectively reduce the downtime of taxis and increase the income of drivers.

In addition, Visionary Holdings will also conduct real-time monitoring and scheduling of the battery swap service stations through an intelligent management system to ensure the stability and reliability of the services. Users can use a mobile application to query real-time information such as the location of battery swap service stations and the status of batteries, achieving convenient battery swap services.

Visionary Holdings stated that the establishment of the network of battery swap service stations in Hong Kong this time is an important step in the company's construction of an industrial ecosystem for new energy vehicles. In the future, the company will continue to increase its investment in the research and development, production, and service fields of new energy vehicles, continuously improve product quality and service levels, and make greater contributions to promoting the development of the global new energy vehicle industry.

With the gradual establishment of the network of battery swap service stations in Hong Kong, Visionary Holdings is expected to occupy an important position in the new energy vehicle market in Hong Kong. This will not only bring considerable economic benefits to the company but also make a positive contribution to green transportation and sustainable development in the Hong Kong region.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca 

 

FAQ

How many new energy vehicles did Visionary Holdings (GV) secure orders for in Hong Kong?

Visionary Holdings secured orders for 12,000 new energy vehicles specifically designed for the Hong Kong taxi market.

What infrastructure is Visionary Holdings (GV) planning to build in Hong Kong?

The company plans to establish a network of battery swap service stations across Hong Kong with advanced battery swap technologies.

How will the battery swap system benefit Hong Kong taxi drivers?

The system offers faster energy replenishment than traditional charging, reducing taxi downtime and potentially increasing driver income.

What technology features will Visionary Holdings (GV) implement in its Hong Kong battery swap network?

The network will include real-time monitoring, intelligent management systems, and a mobile app for tracking station locations and battery status.