Far sighted enters the field of new energy vehicles, aiming at the global market
Recently, Vision Holdings Limited (hereinafter referred to as "Vision", NASDAQ stock code: GV), a technology company listed on the NASDAQ main board, announced that after years of research and development, Vision's Tianma New Energy Vehicle will be officially listed in 2025, creating the first brand of the Canadian independent research and development brand "PEGASUS" in the automotive industry ecosystem, which has attracted high attention from the capital market.
Against the backdrop of increasingly strict environmental regulations and carbon emission targets, the global new energy vehicle market is showing a high-speed growth trend. In 2023, sales of new energy passenger vehicles in Europe will soar, with an annual growth rate far exceeding expectations; The sales of new energy vehicles in the United States have also reached a new high, indicating enormous market potential. Visionary and sharp in capturing this market opportunity, relying on its strong technological accumulation and strong global resource integration capabilities, it has entered the market with a strong presence and is expected to stand out in the fiercely competitive new energy vehicle market.
It is reported that Farsight will adopt a cross ocean collaborative industry model to achieve localization of vehicle research and development, design, assembly production, sales, and after-sales service in Canada. At the same time, it will fully utilize the advantages of the global automotive parts industry, especially in China, and entrust global cooperative factories to manufacture parts. This model can both reduce production costs and improve production efficiency, giving enterprises an advantage in market competition.
In terms of product planning, Vision will initially launch two core models: one is a compact intelligent electric sedan aimed at young urban commuters, with a range of 400-500 kilometers, equipped with an intelligent interactive cockpit and advanced autonomous driving assistance functions; The other is a mid size luxury electric SUV that meets the needs of family travel and business reception, with a range of 500-600 kilometers, luxurious and comfortable driving space, and high-end configurations. In the later stage, pickup trucks, heavy-duty truck logistics models, and urban special models will be gradually launched. In addition, Farsight will collaborate with leading global battery suppliers to introduce high-energy density solid-state battery technology, achieving excellent performance of fast charging from 10% to 80% in just 10 minutes, bringing consumers a better user experience.
In order to enhance brand awareness and market share, Farsight has developed a comprehensive marketing strategy, actively participating in top European and American auto shows, planning to invite international celebrities to endorse, and utilizing social media and automotive forums for word-of-mouth promotion. At the same time, we will establish brand direct sales experience stores and after-sales service centers in core cities around the world, cooperate with local large dealer groups, build online official shopping malls and e-commerce platform flagship stores, and achieve integrated development of online and offline.
In terms of production and operation, Far sighted will rely on the mature global automotive parts industry cluster, entrust top global factories for OEM, and cultivate local suppliers in Canada. The localization of parts will reach more than 40%, especially in the three electric systems and intelligent driving systems of new energy vehicles, to maintain core local research and development advantages and reduce supply risks. In the production process, Industry 4.0 flexible production lines are fully adopted, with an automation rate of up to 85%, ensuring efficient and accurate production capacity output. Far sighted will strictly follow the quality standards of the European and American automotive industry, establish a sound quality control system, and ensure the reliability and durability of products.
Financial planning shows that Farsight has made a reasonable capital layout in factory construction, equipment procurement, technology research and development, market promotion, and has made an optimistic outlook for future profits. In the first year after the project is put into operation, the production capacity is expected to reach 100000 vehicles, and the sales revenue is expected to reach 4 billion US dollars. The annual growth rate of subsequent sales is expected to exceed 30%. In the fifth year, it is expected to achieve revenue of 15 billion US dollars, net profit of about 1.5-2 billion US dollars, net profit margin of 10% -15%, internal rate of return of over 20%, and investment payback period of about 3-4 years.
In the face of risks such as technological iteration and market fluctuations, Farsight stated that it will increase research and development investment, cooperate with universities and research institutions, and maintain a leading position in technology; At the same time, establish a market dynamic monitoring mechanism, flexibly adjust production plans and marketing strategies, use financial tools to lock in raw material costs, and ensure the stable development of enterprises.
Analysts believe that Far East's active layout in the field of new energy vehicles not only conforms to industry development trends, but also brings new performance growth points for Far East. With the gradual progress of the project, it is expected to enhance the market valuation of foresight and bring substantial returns to investors. The launch of the "PEGASUS" new energy vehicle project undoubtedly injects new vitality into the global new energy travel field and is worthy of market expectations.
Source: Far sighted Holdings