Visionary Holdings announces agreement with Pegasus International Group

Recently, Visionary Holdings (GV) officially announced that it has reached an important agreement with PEGASUS International Group. It is actively laying out in the new energy vehicle battery swap market in Hong Kong, and this move will have a profound impact on Visionary’s market value management and investors’ confidence. The Hong Kong government has been vigorously promoting the development of new energy vehicles and plans to build 3,000 high-speed battery swap/charging stations by 2030, which provides broad space for the development of the industry. According to the cooperation agreement reached by the two parties, Visionary will invest HK$420M and plans to build 600 battery swap/charging stations in Hong Kong by 2029. Among them, 10 stations will be built in 2025, and the construction of the first new energy vehicle battery swap station in Hong Kong will be launched in March 2025. Through this strategic layout, Visionary is expected to occupy about 20% of the battery swap market share in Hong Kong. To ensure the smooth implementation of this plan, the previously disclosed $1B financing arrangement between Visionary and Alfardan Group of Qatar has entered the formal loan process. This significant progress provides a solid financial guarantee for the HK$420 million investment plan, making the project practically operable and implementable. The stable financial support demonstrates Visionary’s strong resource integration ability and development potential, and further strengthens investors’ confidence in Visionary.