DIA415.36+6.58 1.61%
SPX5,638.94+117.42 2.13%
IXIC17,754.09+451.07 2.61%

Why Is Visionary Holdings Stock Surging Today?

Benzinga·03/07/2025 15:34:44
Listen to the news

Visionary Holdings Inc. (NASDAQ:GV) shares are trading higher on Friday following a significant breakthrough in the new energy vehicle sector.

The company said it secured a substantial order for 12,000 new energy vehicles specifically tailored for the Hong Kong taxi market.

These electric taxis will contribute to improving air quality in the city, offering zero emissions and low energy consumption.

As Hong Kong increasingly seeks sustainable transportation solutions, this order aligns with the city’s environmental goals and the global push for greener alternatives.

In addition to the vehicle order, Visionary Holdings plans to enhance the operational efficiency of its new energy taxis by establishing a comprehensive network of battery swap service stations throughout Hong Kong.

Also Read: Plus Therapeutics Continues Rally On Friday – Here’s Why

These service stations will employ advanced battery swap technologies, allowing quick battery replacements for taxi drivers.

Unlike traditional charging methods, the battery swap system offers faster energy replenishment, reducing taxi downtime and enabling drivers to maintain higher earnings.

A mobile application will be developed to provide real-time information on station locations and battery status, ensuring user convenience.

This initiative marks a significant step in Visionary Holdings’ broader vision to build an industrial ecosystem for new energy vehicles.

The company plans to continue investing in the research and development, production, and service fields of new energy vehicles.

Recently, Visionary Holdings announced that after years of research and development, PEGASUS New Energy Vehicles under Visionary were officially launched in 2025.

According to Benzinga Pro, GV stock has gained over 201% in the past year.

Price Action: GV shares are trading higher by 64.6% to $8.05 at last check Friday.

Read Next:

Image via Shutterstock.

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit:  https://www.webull.hk/pricing
More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language

English

©2025 Webull Securities Limited. All rights reserved.