** 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
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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