Visionary Seizes the Primary Resource in the New Energy Vehicle Sector and Goes All Out to Reach New Heights in Technological Transformation

Rhea-AI Summary

Visionary Holdings (NASDAQ: GV) has announced a strategic expansion into the new energy vehicle sector with the formation of a new core leadership team. The company has appointed three key executives:

Mr. Zhu Dashu, appointed as Senior Vice President, will manage financial operations and develop financial supply chain systems in collaboration with Saudi Arabian Public Investment Fund and EU consortium. Mr. Luc Lainé, as Chairman of PEGASUS New Energy Vehicle Group, will lead plans to build a vehicle assembly plant in Quebec. Mr. Hu Yongheng, named Executive Director and CEO of PEGASUS, brings 20 years of new energy vehicle industry experience.

The company aims to establish an internationally competitive new energy vehicle enterprise through this strategic transformation, focusing on technological innovation and resource integration.

Positive

• Strategic expansion into growing new energy vehicle sector
• Secured experienced leadership team with industry expertise
• Planned manufacturing facility in Quebec
• Potential partnerships with Saudi Arabian Public Investment Fund and EU consortium

Negative

• No current revenue from new energy vehicle operations
• No specified timeline for production start
• No details on required capital investment or funding secured
• Entering highly competitive market with established players

TORONTO, March 17, 2025 /PRNewswire/ -- Visionary Holdings Inc (NASDAQ: GV, hereinafter referred to as "Visionary") has made a significant announcement. The company has taken a milestone and crucial step in its strategic layout within the new energy vehicle field – it has successfully assembled a top-notch and "luxurious" core team, accelerating the technological transformation and making every effort to create a new landscape for the new energy vehicle industry. The establishment of this core team is undoubtedly a strong signal that Visionary is sending to the market, demonstrating its determination and strength to succeed in the new energy vehicle race.

In this core team, Mr. Zhu Dashu, with his outstanding achievements and profound qualifications in the financial field, has been appointed as the Senior Vice President of the Group. He is not only in charge of the group's financial sector but also focuses on empowering the construction and management of the financial supply chain for Visionary's new energy vehicles. He plans to collaborate with the Saudi Arabian Public Investment Fund and the EU consortium to build a powerful financial supply chain system for Visionary's new energy vehicles, providing strong financial support and services for Visionary's new energy vehicles to quickly capture the global market. Mr. Zhu Dashu has an impressive resume. He holds a bachelor's degree in Geophysics from Peking University, as well as master's and doctoral degrees in Systems Engineering from the School of Management and Economics at Xi'an Jiaotong University. Having been deeply involved in the financial industry for many years, he has held important positions in several industry giants, including the Head Office of the Bank of China, the Bank of China's Canadian branch, Jiangsu Bank, European Bank, and Bank of Canada. He negotiated with international top financial institutions and successfully signed loan agreements worth billions of US dollars, providing crucial financial guarantees for the smooth progress of projects. Now, with Mr. Zhu Dashu joining Visionary, he will fully utilize his rich experience in financing, risk management, and financial product innovation to tailor efficient financial supply chain solutions for Visionary's new energy vehicle project, ensuring that the project has sufficient cash flow and stable financial support, and laying a solid financial foundation for the long-term development of the project.

Mr. Luc Lainé serves as the Chairman of PEGASUS New Energy Vehicle Group, a subsidiary of Visionary. Mr. Luc holds a Bachelor of Arts (B.A.) degree. As an important member of the Huron-Wendat Nation, he served as the former Acting Chief of the Assembly of First Nations in Canada and an environmental advisor to the Canadian federal government. Over the past 30 years, he has been actively involved in various indigenous organizations and the private sector in Canada, accumulating extremely rich experience in public affairs. He has successfully coordinated the interests of all parties and promoted the implementation of a number of important policies. At the same time, he also served as the Deputy Director of the Public Hearing Department of the Royal Commission on Aboriginal Peoples in Canada and as a Senior Aboriginal Coordinator in the Secretariat of the United Nations World Conference against Racism. These experiences have enabled him to demonstrate extraordinary abilities in strategic resource integration, cross-cultural communication, and collaboration. Mr. Luc will fully leverage these advantages, actively expand diverse cooperation channels, and assist Visionary in obtaining key strategic resources. PEGASUS New Energy Vehicle is the first brand of self-developed new energy vehicles in Canada. Under the leadership of Mr. Luc, PEGASUS New Energy Vehicle Group plans to cooperate with the indigenous people in Quebec to build a PEGASUS vehicle assembly plant in Quebec, creating great opportunities and strong guarantees for the global market layout and development of PEGASUS new energy vehicles.

Mr. Hu Yongheng has been appointed as the Executive Director and CEO of PEGASUS New Energy Vehicle Group. Mr. Hu Yongheng holds a master's degree and has been deeply involved in the new energy vehicle industry for more than 20 years, accumulating profound professional knowledge and rich practical experience. He has an impressive management resume in listed companies, having served as the Chairman of Shuguang Co., Ltd. (SH: 600303), the President of China Guangsha Holding Group, and other important positions, demonstrating excellent talents in capital strategic planning and corporate operation management. Under his leadership, Shuguang Co., Ltd. achieved rapid business expansion and steady performance growth. During his tenure at China Guangsha Holding Group, he also successfully promoted the group's diversified development and scale expansion. Now, Mr. Hu Yongheng brings his professional advantages and rich experience to PEGASUS New Energy Vehicle Group. With his authority in industrial operation, he will personally lead the team to focus on core business areas such as technology research and development, production operation, and market expansion, promoting PEGASUS New Energy Vehicle Group to achieve technological breakthroughs, innovative production, and market expansion in the new energy vehicle field, and leading PEGASUS new energy vehicles to stand out in the fierce market competition.

The core team carefully assembled by Visionary this time includes top talents in multiple key fields such as financial capital operation, strategic resource integration, and industrial operation management, and has established a comprehensive, diversified, and highly efficient collaborative operation and management system. This system will provide strong talent support for the new energy vehicle project, effectively integrate the advantageous resources of all parties, comprehensively enhance the company's core competitiveness in the new energy vehicle field, and accelerate the process of Visionary's technological transformation.

Visionary has always been committed to diversified business development and has accumulated rich experience and strong resources in fields such as education and real estate. In recent years, Visionary has keenly captured the huge development opportunities in the new energy vehicle industry, actively responded to market trends, and resolutely and vigorously laid out the new energy vehicle industry. It aims to create an internationally competitive new energy vehicle enterprise through technological innovation and resource integration and contribute to the global green travel cause.

Visionary firmly believes that under the leadership of this powerful core team, Visionary's new energy vehicle project is bound to enter a new stage of explosive growth, creating substantial value beyond expectations for shareholders and bringing considerable returns to investors. At the same time, Visionary will always strictly comply with the compliance requirements of information disclosure for US-listed companies, maintain information transparency, and disclose the company's development dynamics and strategic plans to investors and the market in a timely and accurate manner, working hand in hand with investors and sharing the development achievements. The establishment of this core team is also bound to attract the high attention of the capital market, further enhance Visionary's market influence and brand value, and help Visionary make great progress in the new energy vehicle industry and achieve sustainable and high-quality development.

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-seizes-the-primary-resource-in-the-new-energy-vehicle-sector-and-goes-all-out-to-reach-new-heights-in-technological-transformation-302402471.html

SOURCE Visionary Holdings Inc.

FAQ

What is Visionary's (GV) strategy for entering the new energy vehicle market?

Visionary is entering the market by assembling a core leadership team and planning to build a PEGASUS vehicle assembly plant in Quebec, focusing on technological innovation and resource integration.

Who are the key executives appointed to lead Visionary's (GV) new energy vehicle division?

The key appointments include Zhu Dashu as Senior VP, Luc Lainé as Chairman of PEGASUS, and Hu Yongheng as Executive Director and CEO of PEGASUS.

What are Visionary's (GV) plans for manufacturing facilities?

Visionary plans to build a PEGASUS vehicle assembly plant in Quebec through cooperation with indigenous people in the region.

What financial partnerships is Visionary (GV) pursuing for its new energy vehicle project?

Visionary is collaborating with the Saudi Arabian Public Investment Fund and EU consortium to build a financial supply chain system.