Visionary Ventures into the New Energy Vehicle Battery Swap Field in Hong Kong, Providing Strong Assurance for Sustainable Revenue Growth
Visionary Holdings (NASDAQ: GV) has announced a strategic partnership with PEGASUS International Group (Hong Kong) to enter the new energy vehicle battery swap market in Hong Kong. The company plans to invest HK$420 million to build 600 battery swap/charging stations by 2029, starting with 10 stations in 2025.
The project aims to capture 20% market share in Hong Kong's battery swap market, aligning with the Hong Kong government's initiative to build 3,000 high-speed battery swap/charging stations by 2030. The investment will be supported by a previously disclosed US$1 billion financing arrangement with Alfardan Group of Qatar, which has entered the formal loan process.
The partnership leverages Visionary's equipment and technology expertise alongside PEGASUS's site resources. Construction of the first battery swap station is scheduled to begin in March 2025, marking a significant step in Visionary's expansion into the new energy vehicle market.
Visionary Holdings (NASDAQ: GV) ha annunciato una partnership strategica con PEGASUS International Group (Hong Kong) per entrare nel mercato delle stazioni di scambio batterie per veicoli a energia nuova a Hong Kong. L'azienda prevede di investire HK$420 milioni per costruire 600 stazioni di scambio/ricarica batterie entro il 2029, partendo con 10 stazioni nel 2025.
Il progetto mira a conquistare una quota di mercato del 20% nel mercato dello scambio batterie di Hong Kong, allineandosi con l'iniziativa del governo di Hong Kong di costruire 3.000 stazioni di scambio/ricarica batterie ad alta velocità entro il 2030. L'investimento sarà supportato da un accordo di finanziamento di 1 miliardo di dollari USA precedentemente rivelato con il Gruppo Alfardan del Qatar, che ha avviato il processo di prestito formale.
La partnership sfrutta l'esperienza di Visionary nelle attrezzature e nella tecnologia, insieme alle risorse locali di PEGASUS. La costruzione della prima stazione di scambio batterie è prevista per iniziare a marzo 2025, segnando un passo significativo nell'espansione di Visionary nel mercato dei veicoli a energia nuova.
Visionary Holdings (NASDAQ: GV) ha anunciado una asociación estratégica con PEGASUS International Group (Hong Kong) para ingresar al mercado de intercambio de baterías para vehículos de nueva energía en Hong Kong. La empresa planea invertir HK$420 millones para construir 600 estaciones de intercambio/carga de baterías para 2029, comenzando con 10 estaciones en 2025.
El proyecto tiene como objetivo capturar una cuota de mercado del 20% en el mercado de intercambio de baterías de Hong Kong, alineándose con la iniciativa del gobierno de Hong Kong de construir 3,000 estaciones de intercambio/carga de baterías de alta velocidad para 2030. La inversión será respaldada por un acuerdo de financiamiento de 1,000 millones de dólares estadounidenses previamente revelado con el Grupo Alfardan de Qatar, que ha iniciado el proceso formal de préstamo.
La asociación aprovecha la experiencia de Visionary en equipos y tecnología junto con los recursos locales de PEGASUS. La construcción de la primera estación de intercambio de baterías está programada para comenzar en marzo de 2025, marcando un paso significativo en la expansión de Visionary en el mercado de vehículos de nueva energía.
비전홀딩스 (NASDAQ: GV)는 PEGASUS International Group (홍콩)과 전략적 파트너십을 체결하고 홍콩의 새로운 에너지 차량 배터리 교환 시장에 진입한다고 발표했습니다. 이 회사는 2029년까지 600개의 배터리 교환/충전소를 건설하기 위해 HK$420백만을 투자할 계획이며, 2025년에는 10개의 스테이션으로 시작합니다.
이 프로젝트는 홍콩의 배터리 교환 시장에서 20%의 시장 점유율을 확보하는 것을 목표로 하며, 2030년까지 3,000개의 고속 배터리 교환/충전소를 구축하겠다는 홍콩 정부의 계획과 일치합니다. 이 투자금은 카타르의 알파르단 그룹과의 10억 달러 미국 금융 계약에 의해 지원될 것입니다. 이 계약은 공식 대출 프로세스에 들어갔습니다.
이 파트너십은 비전홀딩스의 장비 및 기술 전문성과 PEGASUS의 현장 자원을 활용합니다. 첫 번째 배터리 교환소의 건설은 2025년 3월에 시작될 예정이며, 이는 비전홀딩스의 새로운 에너지 차량 시장 확장에서 중요한 이정표가 될 것입니다.
Visionary Holdings (NASDAQ: GV) a annoncé un partenariat stratégique avec PEGASUS International Group (Hong Kong) pour entrer sur le marché des stations d'échange de batteries pour véhicules à énergie nouvelle à Hong Kong. L'entreprise prévoit d'investir HK$420 millions pour construire 600 stations d'échange/de recharge de batteries d'ici 2029, en commençant par 10 stations en 2025.
Le projet vise à capturer une part de marché de 20% sur le marché des échanges de batteries à Hong Kong, en s'alignant sur l'initiative du gouvernement de Hong Kong de construire 3 000 stations d'échange/de recharge de batteries à grande vitesse d'ici 2030. Cet investissement sera soutenu par un accord de financement de 1 milliard de dollars américains précédemment divulgué avec le groupe Alfardan du Qatar, qui a engagé le processus de prêt formel.
Ce partenariat tire parti de l'expertise de Visionary en matière d'équipement et de technologie, ainsi que des ressources locales de PEGASUS. La construction de la première station d'échange de batteries est prévue pour commencer en mars 2025, marquant une étape significative dans l'expansion de Visionary sur le marché des véhicules à énergie nouvelle.
Visionary Holdings (NASDAQ: GV) hat eine strategische Partnerschaft mit der PEGASUS International Group (Hong Kong) angekündigt, um in den Markt für Batteriewechselstationen für neue Energiefahrzeuge in Hongkong einzutreten. Das Unternehmen plant, HK$420 Millionen zu investieren, um bis 2029 600 Batteriewechsel-/Ladestationen zu bauen, beginnend mit 10 Stationen im Jahr 2025.
Das Projekt zielt darauf ab, einen Marktanteil von 20% im Batteriewechselmarkt Hongkongs zu erobern, was mit der Initiative der Hongkonger Regierung übereinstimmt, bis 2030 3.000 Schnell-Batteriewechsel-/Ladestationen zu errichten. Die Investition wird durch eine zuvor bekannt gegebene Finanzierungsvereinbarung über 1 Milliarde US-Dollar mit der Alfardan Group aus Katar unterstützt, die den formellen Kreditprozess eingeleitet hat.
Die Partnerschaft nutzt die Expertise von Visionary in Bezug auf Ausrüstung und Technologie sowie die Standortressourcen von PEGASUS. Der Bau der ersten Batteriewechselstation soll im März 2025 beginnen und stellt einen bedeutenden Schritt in Visionarys Expansion in den Markt für neue Energiefahrzeuge dar.
- Secured HK$420 million investment plan for 600 battery swap stations
- Expected to capture 20% market share in Hong Kong
- US$1 billion financing from Alfardan Group entering formal loan process
- Strategic partnership with PEGASUS International Group providing site resources
- Alignment with government initiative for 3,000 stations by 2030
- Initial rollout to only 10 stations in 2025
- Full network deployment extends over 4 years until 2029
- Significant capital expenditure required upfront
Insights
Visionary Holdings' expansion into Hong Kong's EV battery swap market represents a remarkably ambitious initiative relative to the company's size. The planned
The business case targets
Battery swap technology represents an alternative to traditional charging infrastructure, offering faster "refueling" through standardized battery packs. While this approach has gained traction in China with companies like NIO, global adoption has been mixed due to standardization challenges and capital requirements. Hong Kong's dense urban environment might provide favorable conditions for this business model.
The partnership structure with PEGASUS International appears complementary, combining GV's claimed technology and equipment capabilities with PEGASUS's site resources. However, critical details are absent regarding specific revenue models, projected financial returns, and operational expertise in EV infrastructure.
For investors, the extreme disparity between investment scale and current company size raises fundamental questions about capital structure and potential dilution. Future financing disclosures will be essential to understanding whether this ambitious expansion can create substantial shareholder value or result in significant dilution.
As a
According to the cooperation agreement reached by the two parties, Visionary will invest
To ensure the smooth implementation of this plan, the previously disclosed
In terms of the cooperation model, Visionary and PEGASUS International Group (
This cooperation not only conforms to Visionary's long-term development strategy, but also accords with the industry development trend. With the rapid growth of the new energy vehicle market, battery swap/charging services, as a key supporting link, have a continuously rising market demand. This layout of Visionary will not only help enhance Visionary's competitiveness in the new energy field, but also create greater value for shareholders. Visionary will strictly comply with the information disclosure and compliance requirements of
In the future, Visionary will continue to uphold the concepts of innovation, cooperation, and win-win results, deepen its layout in the new energy vehicle battery swap field, continuously improve service quality and market share, contribute to the development of the new energy vehicle industry in
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca
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SOURCE Visionary Holdings Inc.
FAQ
How many battery swap stations will Visionary Holdings (GV) build in Hong Kong by 2029?
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What market share does GV expect to capture in Hong Kong's battery swap market?
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