#Hong Kong #battery swapping #New Energy #Visionary Holdings

Visionary Holdings Enhances Battery Swapping Technology in Hong Kong

Visionary Holdings Inc. (NASDAQ: GV) has recently intensified its commitment to the development of battery swapping technology for new energy vehicles in Hong Kong. Following the acquisition of $1 billion financing from Qatar's Alfardan Group, the company has made significant advancements both in technological research and market expansion, capturing the attention of investors and the capital market. The company has announced its key developments to the public in accordance with disclosure requirements for U.S.-listed firms.

Technological Advancements

In an exciting move, Visionary Holdings has established a partnership with a leading international research team to collaboratively work on the next generation of smart battery swapping technology. The primary objective of this innovation is to drastically reduce the time it takes to perform a battery swap. Presently, the industry standard for battery swapping is between 5-8 minutes, but Visionary aims to shorten this to under 3 minutes.

Moreover, this enhanced technology is designed to improve battery compatibility, allowing it to work with over 80% of the current models of new energy vehicles available on the market. Once implemented, this new innovation is expected to greatly enhance the user experience associated with battery swapping, addressing the significant challenge of energy replenishment efficiency in the electric vehicle sector. As of now, this technology has progressed to the laboratory simulation testing phase, with plans to begin field tests by the end of 2025, eventually leading to commercial applications.

Market Expansion Initiatives

In parallel with its technological developments, Visionary is making strides in market expansion. The firm has collaborated with PEGASUS International Group to establish the first battery swapping station in Hong Kong. Furthermore, Visionary is in discussions with several major local logistics firms that operate substantial fleets of new energy vehicles and have an imminent need for effective battery swapping services. Through these partnerships, Visionary intends to offer specialized battery swapping solutions and create an all-in-one service system that integrates battery swapping, management, and vehicle maintenance.

By the end of 2025, Visionary aims to establish 20 dedicated battery swapping stations tailored for its logistics partners, strategically located along key logistics routes in Hong Kong. This initiative is poised to accommodate the high-frequency needs for battery swapping in the logistics sector while supporting the growth of sustainable logistics practices in the region.

Strategic Significance

The dual progress in technological innovation and market expansion holds substantial significance for the management of Visionary's market value and investor confidence. In the context of an expanding new energy vehicle market, distinguishing yourself through technological leadership and tailor-made services will be pivotal for battery swapping businesses. By pioneering a new generation of battery swapping technology and preemptively brokering partnerships in the logistics realm, Visionary is well-positioned to establish a new industry benchmark in Hong Kong's battery swapping market, allowing the company to bolster its market share and enhance its brand reputation.

For investors, the advances brought about by this technological innovation coupled with expected revenue growth from market expansion serve as revitalizing factors. Visionary's commitment to research and development, as well as its focused market strategy, significantly mitigate investment risks, bolstering confidence in the company's future profitability. Consistent with the information disclosure obligations applicable to U.S.-based companies, Visionary will routinely provide updates regarding its technological advancements and market outreach efforts, ensuring transparency and protecting the interests of its investors.

Looking Ahead

Visionary Holdings is dedicated to sustaining its growth through a focus on sustainable development principles. The company will continue to prioritize technological innovation as a fundamental catalyst for its decisions, responding dynamically to market demands. By persistently refining battery swapping technology and broadening its service coverage, Visionary aims to contribute positively to the new energy vehicle sector in Hong Kong and generate significant returns for its investors while showcasing its developmental potential within the realm of new energy battery swapping.