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NEWS - Ideanomics' (Nasdaq: IDEX) Mobile Energy Group Sales Receives $7.2M US.
NASDAQ: IDEX - Ideanomics
Capitalizing on the Electric Vehicle Revolution
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights
Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Called the "Amazon Platform" for EV with end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019
Market Cap $88,849,138
Outstanding Shares 162,076,044
Restricted Shares 74,424,144
Unrestricted Shares 87,651,900
52 Week Hi-lo $2.84-$0.43
Assets - $164,763,676
Revenues - $ 43,286,378
Institutional Ownership: BlackRock, Vanguard, State Street, Fidelity,
Charles Schwab, Barclay's Capital
http://www.ideanomics.com/
NASDAQ: IDEX - Ideanomics
Capitalizing on the Electric Vehicle Revolution
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights
- EV World Market Growth CAGR of 25.6%
- Institutional Ownership
- Stock Trades Below Book Value
- Doing Business In the Largest Market in the World
- Strong Experienced Management
- 2020 Exponential Growth
Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Called the "Amazon Platform" for EV with end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019
Market Cap $88,849,138
Outstanding Shares 162,076,044
Restricted Shares 74,424,144
Unrestricted Shares 87,651,900
52 Week Hi-lo $2.84-$0.43
Assets - $164,763,676
Revenues - $ 43,286,378
Institutional Ownership: BlackRock, Vanguard, State Street, Fidelity,
Charles Schwab, Barclay's Capital
http://www.ideanomics.com/
