Business
Visionary Holdings Deepens Its Battery Swap Layout in Hong Kong, Driving a New Journey with the Dual Engines of Technological Innovation and Market Expansion
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
About this update from Visionary Holdings Inc.
[{"type":"text","content":"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.","length":613,"tagName":"p"},{"type":"text","content":"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.","length":1035,"tagName":"p"},{"type":"text","content":"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 manag...