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InvestorNewsBreaks – Ideanomics’ (NASDAQ: IDEX) Mobile Energy Global Division Enters Purchase Agreement with JV Controlled by One of China’s Largest Privately Owned Enterprises
December 29, 2020

InvestorNewsBreaks – Ideanomics’ (NASDAQ: IDEX) Mobile Energy Global Division Enters Purchase Agreement with JV Controlled by One of China’s Largest Privately Owned Enterprises

Ideanomics (NASDAQ: IDEX) announced that Meihao Chuxing, a joint venture between BYD and Didi, has entered an agreement with its Mobile Energy Global (“MEG”) division to provide an initial 2,000 units of model BYD D1. Alf Poor, Ideanomics CEO, commented, “We are very pleased to work with Meihao Chuxing and BYD to promote the sales of the D1. Supported by a viable government subsidy program, the proliferation of EVs in China is a testament to the value that public and private partnerships can bring to large scale global challenges. We look forward to developing these types of partnerships and the rollout of more innovative vehicles like the D1 to our taxi and ride-hailing customers.” Established in 1995, BYD Company has successfully expanded its renewable energy solutions globally with operations in over 50 countries and regions. The D1 is the world’s first custom-built, all electric car specifically for ride-hailing with smart technology, safety, and comfort features for both drivers and passengers. Through the Didi Chuxing app, passengers can hail this customized online car in multiple cities.

To view the full press release, visit https://ibn.fm/9hFcp

To watch a video showcasing key features of the D1, visit https://ibn.fm/wFiDl

About Ideanomics

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Mobile Energy Global (“MEG”) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries. The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia. For more information, visit the company’s website at www.Ideanomics.com.

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