Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, and its subsidiary, Solectrac, announced that a new vehicle assembly line at the Solectrac Windsor facility, which is the largest electric tractor assembly facility in North America, is up and running. According to the announcement, the new line will effectively triple the production of the Solectrac e25 electric tractor, meaning that production for the powerful, quiet and zero-emission vehicle will reach 4,100 a year. The new assembly line features modern technology that allows safer and more efficient production. The companies also noted that they expect to start assembly and production of the e70N tractor next year, with plans to introduce new models as well. New tractor models will incorporate advanced engineering and battery technology and will include future-forward styling along with telematics and performance data. “When Ideanomics acquired Solectrac, we committed to growing Solectrac’s production capacity and product offerings,” said Ideanomics Mobility president Robin Mackie in the press release. “In less than one year, we efficiently increased production capacity by 300% and are now selling Solectrac tractors coast to coast across the United States through our rapidly expanding dealer showroom program. This is a remarkable accomplishment for any player in the EV space.”
To view the full press release, visit https://ibn.fm/D74oE
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financial solutions under one roof, the company is the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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