Ideanomics IDEX Archives - Page 3 of 8

WednesdayAug 18, 2021 9:30 am

Ideanomics Inc. (NASDAQ: IDEX) Investment in German Electronics Firm Adds to Growing EV Portfolio

Commercial EV Company Ideanomics Inc. recently completed an investment agreement that will grant it a 30 percent ownership stake in Germany’s Prettl Electronics Automotive (“PEA”) PEA is testing an innovative high-power EV charging infrastructure solution it has developed and expects to market in 2023, strengthening Ideanomics’ efforts to fulfill its EV strategy The company also recently named a new executive chairman of the board and a new vice chairman of the board who will help it scale its synergistic businesses New York-based commercial electric vehicle company Ideanomics (NASDAQ: IDEX) continues advancing its focus on the EV market as a solution…

TuesdayAug 17, 2021 10:00 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Releases Financial Report for Second Quarter 2021

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has reported its Q2 2021 operating and financial results for the period ended June 30, 2021. Highlights of the report included revenues for the quarter totaling $33.2 million with gross profit reaching $9.3 million, and $396 million in cash at quarter end that provides capital for investment in the company’s Mobility and Capital business units. The report also noted key operational highlights, including the fact that Ideanomics offers the only EV tractor that is made in America and that recent acquisition US…

WednesdayAug 11, 2021 2:02 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Leveraging Strong Pillars to Shape Future of Energy-Driven Commercial Fleets

Ideanomics (NASDAQ: IDEX), a global company focused on the convergence of financial services and industries experiencing technological disruption, is leveraging an innovative business model to capitalize on growth opportunities. “With its three strong pillars of EV (vehicles, charging and energy), IDEX is shaping the future of energy-driven commercial fleets through its two divisions, Ideanomics Mobility and Ideanomics Capital,” reads a recent article. The piece goes on to discuss the company’s focus on innovation through its business operations. These include US Hybrid, which specializes in the design and manufacturing of zero emission powertrain components for electric, hybrid, and fuel cell medium…

FridayAug 06, 2021 10:34 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Subsidiary Awarded Sourcewell Contract

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, and its subsidiary, Wireless Advanced Vehicle Electrification (“WAVE”), have announced the signing of a cooperative purchasing contract with Sourcewell. WAVE is a leading developer of high-power inductive charging solutions for medium- and heavy-duty vehicles; Sourcewell is a self-sustaining government organization that has offered cooperative purchasing with more than 400 competitively solicited contracts to government, education and nonprofit entities throughout North America. The four-year contract outlines the process for WAVE to offer its high-power EV wireless charging systems to transit agencies and ports without…

WednesdayAug 04, 2021 1:51 pm

QualityStocksNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Solectrac Launches New e70N Electric Tractor

Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that its subsidiary Solectrac launched the all-new e70N electric tractor. The specially designed, narrow model is purpose-built for easy handling and maneuverability on vineyards and farm operations. This news follows the company's July 1, 2021, announcement that long-time agriculture and construction industry veteran Mani Iyer was appointed as CEO of Solectrac. “The e70N is yet another innovative electric tractor breakthrough from Solectrac, this time focused on commercial-level, heavy-duty farm and vineyard operations,” said Solectrac CEO Mani Iyer. “This category of zero-emission…

TuesdayAug 03, 2021 2:03 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Pledges $25M to Support Minority and Underserved Communities, Closes Acquisition of US Hybrid

Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that it has pledged $25 million to support minority and underserved communities, driven by the company's continued environmental, social and governance (“ESG”) commitment. “Enabling financial empowerment has been the common thread for all businesses under Ideanomics Capital,” said Alf Poor, CEO of Ideanomics. “We are excited to join a network of progressive supporters of the MDI Keepers Fund. This is a proactive investment we are putting into communities that require the most disruption and transformation. We believe this fund will allow…

MondayAug 02, 2021 1:31 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Announces Strategic Investment in Prettl Electronics Automotive, Executive Chairman Appointment

Ideanomics (NASDAQ: IDEX), a company focused on the convergence of financial services and industries experiencing technological disruption, today announced that it has made a strategic investment in Prettl Electronics Automotive (“PEA”). According to the update, PEA is a business unit within the Prettl Group, a large German industrial company that manufactures and distributes components and systems for the automotive, energy and electronics industries. The deal terms include a strategic investment of €7.5M (~$9M) for a 30% ownership stake, under which Ideanomics will receive exclusive sales and distribution rights for PEA charging infrastructure products and solutions in North America. In addition,…

FridayJul 30, 2021 11:53 am

QualityStocksNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Solectrac Standing Distinct in EV Tractor, Accessories Market

Ideanomics (NASDAQ: IDEX) recently boosted its stake in Solectrac to 100%, acknowledging the importance of electric vehicle (“EV”) technology not only to transportation but also to the agricultural industry. “As such, Solectrac is advancing to a leading position in what is currently a limited field of competition within the specialized EV sector with a product that is fully scalable and able to generate revenue,” reads a recent article. Ideanomics announced July 1 that Mani Iyer, an agriculture and construction industry veteran, will serve as Solectrac’s new CEO, taking over from founder and former CEO Steve Heckeroth, who will continue with…

MondayJul 26, 2021 10:03 am

Ideanomics Inc. (NASDAQ: IDEX) to Release its 2021 Q2 Financial Results on Monday, August 16, 2021

Ideanomics plans to release its 2021 second-quarter financial results on Monday, August 16, 2021 The press release is scheduled at 4 pm ET and will be followed by a conference call at 4:30 pm ET The call will have the company’s senior management sharing their thoughts on the company’s performance It will also have a question-and-answer session for the audience Ideanomics (NASDAQ: IDEX) will release its 2021 second-quarter financial results on Monday, August 16, 2021. The press release will be issued at 4 pm ET and will be accompanied by a conference call at 4:30 pm ET (https://ibn.fm/uDgF9). The event…

ThursdayJul 22, 2021 12:30 pm

QualityStocksNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Accomplished Team Poised to Develop, Commercialize Industry Changing Transportation Solutions

Ideanomics (NASDAQ: IDEX) was pleased to see Dr. Abas Goodarzi, its newly appointed chief scientist and US Hybrid CEO, recognized with the well-deserved Institute of Electrical and Electronics Engineers (“IEEE”) Power Electronics Society (“PELS”) Vehicle and Transportation Systems Achievement Award. Dr. Goodarzi, an industry veteran with 38 years of experience in the electric, hybrid and fuel cell industries, was recognized for his contributions to the advancement of electric powertrains for medium and heavy duty vehicles. A recent article quoted Ideanomics CEO Alf Poor as saying, “He has done, and continues to do, so much to advance the transition to a…

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