Visionary surges on order for 12,000 EVs in Hong Kong

Canadian EV maker Visionary Holdings' GV.O shares rise 24.2% to $6.07

Stock rose as much as 96.3% earlier in the session to reach a near-two-year high of $9.60

Co says it has secured an order for 12,000 new electric vehicles to be used as taxis in Hong Kong

Co is planning to enter the EV market this year with the launch of Pegasus brand, featuring a compact electric sedan and a luxury SUV

Co will also establish a network of battery swap service stations in Hong Kong

Battery swap service stations will charge faster compared with traditional charging methods, reducing taxi downtime and increasing driver income, co says

Stock fell 23.5% in 2024