Leading the New Energy Vehicle Industry

Rhea-AI Summary

On May 31, 2024, Visionary Holdings (NASDAQ: GV) announced its ambitious plan to lead the new energy vehicle (NEV) industry in Canada. Visionary aims to be the first Canadian company to develop and supply a diverse range of NEVs, including sports cars, microcars, logistics vehicles, trucks, electric buses, and yachts. The company's initiative aligns with increasing environmental awareness and energy crisis threats, emphasizing trends like electrification, intelligentization, lightweighting, diversification, personalization, and green mobility. Visionary leverages cutting-edge technologies in the electric and hybrid vehicle fields, positioning itself for promising growth.

Positive

• Visionary Holdings aims to become the first Canadian company to develop its own brand of new energy vehicles.
• The company plans to launch a diverse range of NEVs, including sports cars, trucks, and electric buses, which could capture various market segments.
• Visionary leverages advanced technologies in electric and hybrid vehicles, positioning itself favorably against competitors.
• The company's initiative aligns with increasing environmental awareness, potentially driving demand for their products.
• Visionary's entry into the NEV market could result in significant market expansion and revenue growth.

Negative

• The company is entering the NEV market, which is highly competitive and could pose significant financial risks.
• Developing a new brand of NEVs requires substantial investment, potentially impacting Visionary's short-term financial stability.
• Market penetration and acceptance of new energy vehicles in Canada remain uncertain, risking potential sales shortfalls.
• The lack of established infrastructure for NEVs in Canada could hinder Visionary's growth and market adoption.

TORONTO, May 31, 2024 /PRNewswire/ -- Visionary Holdings Inc. (the "Company") (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company aims to lead the new energy vehicle industry which will bring boundless performance in future.

Currently, Canada does not have a domestically developed new energy vehicle brand. To seize this rare opportunity, Visionary is actively developing in the new energy field, striving to become the first Canadian company to develop and supply its own brand of new energy vehicles.

Visionary is about to launch its independently developed new energy vehicle products, including sports cars, microcars, cold chain/logistics vehicles, trucks, electric buses, and yachts. With a wealth of cutting-edge specialized technologies in the electric and hybrid vehicle fields, the Company's future looks promising.

With increasing environmental awareness and the threat of energy crises, new energy vehicles have gradually become the focus of attention. From the initial single electric vehicle to the current various types of new energy vehicles, continuous innovation and technological breakthroughs in the automotive industry have led to many new trends in the development of the new energy vehicle sector.

First Trend: Electrification

Electrification is one of the main trends in new energy vehicles. Many car companies have invested significant amounts of research funding and manpower to develop electric vehicles. In addition to traditional pure electric and hybrid vehicles, there are now plug-in hybrid vehicles and fuel cell vehicles. The emergence of these models continues the development trend of electric vehicles and improves their efficiency.

Second Trend: Intelligentization

Intelligentization is another major trend for future new energy vehicles. With continuous advancements in artificial intelligence technology, new energy vehicles will no longer be just simple means of transportation. They will connect with smart homes, spaces, and transportation systems. This connection forms a complex system involving data interaction and transmission, thereby achieving a more intelligent way of traveling.

Third Trend: Lightweighting

Lightweighting is an important trend in the future development of new energy vehicles. Future new energy vehicles will use more lightweight body materials, power systems, and structural designs. These innovations will significantly reduce the overall weight of the vehicles, lower energy consumption, and improve battery range, thereby achieving better environmental benefits.

Fourth Trend: Diversification and Personalization

Diversification and personalization are another important development trend for future new energy vehicles. In the new energy vehicle sector, as it continues the traditional automotive model, the diversification of models and personalization of user needs have become inevitable trends. For example, SUV-type new energy vehicles are more suitable for the mass market, while high-end owners expect new energy vehicles to offer superior quality and services. Therefore, the future product line of new energy vehicles will be more diverse to meet the needs of different users.

Fifth Trend: Green Mobility

Green mobility is another important trend in the development of new energy vehicles. As environmental awareness gradually increases, people are paying more attention to achieving truly green travel by using new energy vehicles.

Overall, the development trends of new energy vehicles not only include electrification, intelligentization, lightweighting, diversification and personalization, and green mobility but also encompass their deep integration and application with cities and smart homes, among other areas. In the future, these elements will become more closely interconnected, forming an integrated, intelligent, and green ecosystem. Therefore, the development potential and market prospects of new energy vehicles will continue to be deeply enhanced and expanded.

About Visionary Holdings Inc.

Visionary Holdings Inc. headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company's website at https://ir.visiongroupca.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "believes," "expects," "anticipates," "estimates," "intends," "would," "continue," "should," "may," or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:

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

View original content:https://www.prnewswire.com/news-releases/leading-the-new-energy-vehicle-industry-302160581.html

SOURCE Visionary Holdings Inc.

FAQ

What is Visionary Holdings' plan for the new energy vehicle industry?

Visionary Holdings plans to develop and supply a range of new energy vehicles including sports cars, microcars, logistics vehicles, trucks, electric buses, and yachts.

When did Visionary Holdings announce its new energy vehicle initiative?

Visionary Holdings announced its new energy vehicle initiative on May 31, 2024.

What types of new energy vehicles will Visionary Holdings produce?

Visionary Holdings will produce sports cars, microcars, logistics vehicles, trucks, electric buses, and yachts.

How does Visionary Holdings plan to compete in the new energy vehicle market?

Visionary Holdings plans to leverage cutting-edge technologies in electric and hybrid vehicle fields to offer diverse and innovative new energy vehicles.

What trends are influencing Visionary Holdings' new energy vehicle development?

Trends influencing Visionary Holdings' NEV development include electrification, intelligentization, lightweighting, diversification, personalization, and green mobility.