Ideanomics IDEX Archives - Page 6 of 8

MondayMay 24, 2021 1:44 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Stays True to Eco-Friendly Resolve

Ideanomics (NASDAQ: IDEX), a global company made up of two divisions, Ideanomics Mobility and Ideanomics Capital, holds to a mission to drive the sustainability transformation globally. True to its resolve, the company graced NASDAQ’s virtual closing bell ceremony on April 23 and subsequently rang the bell, wrapping up Earth Week. Also in line with this environmental focus, Ideanomics subsidiary Solectrac recently donated its first Compact Electric Tractor (“CET”) production unit to Kōkua Learning Farm, a non-profit Hawaiian foundation that supports environmental education. A recent article quoted the farm’s co-founder Jack Johnson as saying, “We are so excited about our new…

TuesdayMay 18, 2021 12:15 pm

QualityStocksNewsBreaks – Ideanomics (NASDAQ: IDEX) Releases Q1 2021 Financial Report

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has reported its financial numbers for Q1 2021. Included in the report was revenue of $32.7 million, which represents the fifth consecutive quarter of growth, and gross profit of $10.8 million for the period ended March 21, 2021. The company noted that the first-quarter numbers included first revenues from its two January 2021 acquisitions: WAVE, an inductive-charging business, and Timios, a title and escrow services company. Corporate highlights for the quarter included the company’s acquisition of WAVE and Timios, as well as…

MondayMay 17, 2021 9:00 am

Ideanomics Inc. (NASDAQ: IDEX) Capitalizing on Growing Commercial EV and Real Estate Segments

The increased driving range and expansion of charging outlets are expected to trigger widespread adoption of EVs, including commercial EVs The commercial EV segment is projected to grow at a 41.1% CAGR from 2020-2028 and is likely to influence the purchase of other types of EVs, further benefiting Ideanomics’ Mobility division Ideanomics Capital division, through wholly owned subsidiary Timios, is set to benefit from the pandemic-driven growth currently being witnessed in the housing market The global electric commercial vehicle market is expected to grow at a CAGR of 41.1% from 2020 to 2028, reaching a little over 2 million units…

ThursdayMay 13, 2021 10:50 am

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Enters Definitive Agreement to Acquire US Hybrid

Ideanomics (NASDAQ: IDEX) today announced its entry into a definitive agreement to acquire 100% of privately held US Hybrid in cash and stock consideration, the material terms of which are disclosed in the company’s related 8-K filing. The acquisition, subject to customary closing conditions, brings to Ideanomics the application of U.S.-built technology, for use in its own vehicles, and significantly extends the company’s capabilities in zero-emission transportation. “The acquisition of US Hybrid is a significant one for our EV efforts across the Ideanomics Mobility division and is the stepping-stone we were looking for to ensure we provide vehicles and technologies that…

WednesdayMay 05, 2021 12:35 pm

Ideanomics Inc. (NASDAQ: IDEX) Should Benefit from Positive Outlooks for Both the EV and Fintech Markets

Projections by various research firms indicate that the electric vehicle (“EV”) and fintech markets will grow through the coming years The EV industry will witness a steady increase in the penetration of EVs in three key markets in which IDEX, through its Ideanomics Mobility division, operates The global fintech industry is projected to grow at a 23.58% CAGR from 2021 to 2025, while the US fintech market is estimated to witness a CAGR of 8.6% from 2019 through to 2024, and the Ideanomics Capital division focuses on fintech solutions A recent electric vehicle (“EV”) market publication by J.P. Morgan (NYSE:…

TuesdayMay 04, 2021 12:33 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Holds Unique View Across EV Value Chain

Ideanomics (NASDAQ: IDEX) is a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products. The global company is driving next generation solutions to energy consumption and, through its Ideanomics Mobility division, has evolved into a synergistic ecosystem of subsidiaries and investments in the electric vehicle (“EV”) industry. A recent article regarding this quotes Ideanomics CEO Alf Poor, stating “We have a unique view across what we believe is the EV value chain because we have operations in China, South Asia, in Malaysia, in Europe and in North America, and we have interesting…

FridayApr 30, 2021 12:22 pm

Ideanomics’ (NASDAQ: IDEX) Treeletrik Subsidiary to Supply 200,000 E-Motorcycles to Indonesia, Setting Stage for Significant Expansion

Treeletrik, Ideanomics’ subsidiary, inked a $274 million three-year deal with two distributors to supply 200,000 e-motorbike units to Indonesia The deal will result in Treeletrik’s expansion, enabling Ideanomics to continue providing its shareholders with high-growth opportunities Indonesia, the third-largest motorcycle market in the world, is a promising market for e-motorbikes, as evidenced by the projected growth at a CAGR of ~21% from 2019 to 2025 The Indonesian electric motorbike market is expected to grow at a CAGR of 20.96% from 2019 to 2025, reaching $816.2 million from $364.4 million (https://ibn.fm/SBUHm) amid clamor around the high vehicular pollution and the need…

WednesdayApr 28, 2021 2:24 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Eyes Predictable Revenue Stream Through Battery Leasing Model

Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is looking to make its revenue stream more predictable. The company hopes to accomplish this through a battery leasing model in Asia. Speaking during a March 25 webinar focused on batteries and charging solutions, CEO Alf Poor elaborated on Ideanomics’ target and observed that the reducing cost of batteries was welcome news for the electric vehicle (“EV”) industry. “This is great for the EV industry because this will put us at a parity with the cost of the competitor…

WednesdayApr 28, 2021 1:00 pm

Ideanomics, Inc. (NASDAQ: IDEX) Lets Light Shine on Eco-friendly Operations During Earth Week

New York-based Ideanomics Inc. is building key operations in across the world, aiming to promote the transition from gas-powered vehicles to electric vehicles The company’s sustainability efforts were recently recognized by the NASDAQ exchange when Ideanomics rang the closing bell at the end of Earth Week Ideanomics (NASDAQ: IDEX) received the honor of virtually ringing the NASDAQ closing bell to wrap up Earth Week on April 23, highlighting the company’s “mission … to drive the sustainability transformation globally” and ensure it is making a difference (https://ibn.fm/JrhdR). Ideanomics now has two primary divisions: Ideanomics Mobility, whose mission is driving EV adoption…

FridayApr 23, 2021 2:03 pm

QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Management, Employees to Virtually Ring NASDAQ Closing Bell

Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has been invited to virtually ring the closing bell on NASDAQ today to celebrate the end of Earth Week. IDEX management and employees will participate in the online ceremonial tradition at 4 p.m. ET. A company committed to sustainability, Ideanomics invested in the future of smart-charging technologies through its acquisition of WAVE, a Utah-based company that is working to enable the commercial fleet sector embrace zero-emission wireless charging for their electric mobility needs. Ideanomics also acquired a 20% investment in Italian…

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