Visionary Obtains a Financing Consent Letter from a $1 Billion International Consortium and Goes All Out to Build an Industrial Ecosystem for New Energy Vehicles
TORONTO, March 5, 2025 /PRNewswire/ -- Recently, Visionary announced externally that it has reached a financing consent letter worth $1 billion with the Alfardan Group of Qatar. This financing will be used for the product research and development and global market development of PEGASUS new energy vehicles under Visionary. Although due to confidentiality and the information disclosure requirements of NASDAQ-listed companies, some financing details have not been fully disclosed for the time being, this cooperation will inject strong impetus into the company's development, especially for the new energy vehicle project, and the injection of new funds is of great significance.
Since its establishment, Visionary has always been actively striving in the industry. With its accurate insight into market trends and the spirit of continuous innovation, it has gradually emerged in the industry. In the early days, the company focused on a specific segmented education field. By providing customers with high-quality and customized products and services, it has accumulated a good reputation and a stable customer base. As the business continues to be upgraded and expanded, Visionary meets market demands, continuously increases its R&D investment, and has successfully launched a series of new energy vehicle products at the leading level in the industry. These products have been recognized by the market and gradually grown into an important player in the new energy vehicle industry.
Regarding the financing obtained this time, Visionary will focus on the new energy vehicle project. As an important direction for the transformation and upgrading of the global automotive industry, new energy vehicles have developed rapidly in recent years. The new funds will be mainly used in several key aspects: On the one hand, increase R&D investment and form a top-notch R&D team, committed to solving core technical problems such as vehicle body structural strength, battery range, and intelligent driving. Currently, the three-electric system and the intelligent driving system are still important factors restricting the development of new energy vehicles. Visionary plans to invest a large amount of funds in the research and development of more advanced "three-electric" technologies, such as high-power motors, solid-state batteries, and more advanced BMS systems, etc., to improve the energy density, range, and safety performance of the batteries. At the same time, increase the R&D efforts in intelligent driving technology, including sensor technology, artificial intelligence algorithms, etc., to enhance the safety and reliability of intelligent driving and strive to create more competitive new energy vehicle products.
On the other hand, the funds will also be used to build an advanced production and manufacturing base, introduce intelligent production equipment, improve production efficiency and product quality, and lay a solid foundation for large-scale commercial production. With the continuous growth of the market demand for new energy vehicles, efficient production capacity and stable product quality are the keys for enterprises to win in the market competition. Visionary will draw on the advanced production and manufacturing experience at home and abroad, build intelligent and automated production workshops, achieve refined management and quality control of the production process, and ensure that the products meet international standards and meet market demands. In addition, Visionary also plans to use these funds to strengthen market promotion and brand building, expand sales channels, and enhance the popularity and influence of the PEGASUS brand in the new energy vehicle market.
In terms of future planning, Visionary not only hopes to gain a firm foothold in the European and American markets through the new energy vehicle project but also sets its sights on the international market and actively explores the path of globalization development. Visionary plans to cooperate with internationally renowned enterprises to jointly promote the progress of new energy vehicle technology and the development of the industry. At the same time, Visionary will increase its investment in talent cultivation and team building, attract top talents in the industry to join, and create a more professional and efficient team to provide a solid guarantee for the sustainable development of Visionary.
Visionary strictly complies with the information disclosure requirements of NASDAQ-listed companies in the United States to ensure the truthfulness, accuracy, and completeness of the information, while reasonably protecting business secrets. Visionary said that it will, under the premise of compliance, update the progress of this financing to investors and the market in a timely manner.
This financing is an important opportunity for Visionary to accelerate its development in the field of new energy vehicles. With the help of the new funds, Visionary is expected to achieve a leapfrog development in the new energy vehicle track, create substantial returns for shareholders, and also contribute to the development of the global new energy vehicle industry. All sectors of the market are full of expectations for its future performance. It is believed that Visionary will write a new glorious chapter in the industrial ecosystem of new energy vehicles.
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: [email protected]
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