In the news release, Ideanomics MEG Announces Completion of
Tianjin Zhongcheng Order, issued 26-Jun-2020 by Ideanomics over PR Newswire, we
are advised by the company that the headline, 3rd subheadline and
5th paragraph have been updated from the originally issued release.
The complete, corrected release follows:
Ideanomics MEG Announces that Tianjin Zhongcheng Order is Complete
and Additional Orders to be Completed by the End of June - Total
order valued at
RMB 31 Million or
USD 4.4 Million - Toyota brand
vehicles fulfilled - More orders are expected to be complete by the
end of
June 2020
NEW YORK, June 26, 2020 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to
announce that its Mobile Energy Global (MEG) subsidiary, Qingdao Ai
Neng Ju New Energy Sales Company Ltd, based at its Qingdao EV hub
has completed its order for Tianjin Zhongcheng Jiaye Automobile
Trading Co., Ltd. (Tianjin Zhongcheng), which was recently
announced on June 19, 2020.
In addition to the physical vehicle delivery, the financing,
licensing, insurance, and vehicle registration plate administration
are all complete. This allows for the issuance of PRC tax invoices,
which can only be issued when an order is complete in its entirety.
MEG has issued a tax invoice to Tianjin Zhongcheng finalizing the
completion of this order.
As a recap, the order is for a total of 42 vehicles valued at
RMB 31 Million, or USD 4.4 Million, or approximately USD 100,000 per vehicle. The order was fulfilled
with Toyota Land Cruiser models and delivery was completed in the
past few days. Images included in the press release are
examples of the tax remittances with the bank account numbers
redacted. The VIN numbers for all 42 vehicles are:
JTMHV01J4L5051276, JTMHV01J7K4282046, JTMHV01J7K5046328,
JTMHV01J7K5047446, JTMHV01J7K5047835, JTMHV01J8K5047455,
JTMHV01J8K5047536, JTMHV01J9K4285157, JTMHV01J9K5046377,
JTMHV01J9K5046413, JTMHV01J9K5048503, JTMHV01JXK5046713,
JTMHV01JXK5047473, JTMHV01JXK5048591, JTMHV01J6K5048507,
JTMHV01J7K5048449, JTMHV01J7K5048533, JTMHV01J7K5048564,
JTMHV01J0K4283720, JTMHV01J0K5045148, JTMHV01J0K5045599,
JTMHV01J0K5046266, JTMHV01J0K5047031, JTMHV01J1K4281314,
JTMHV01J1K4285511, JTMHV01J1K5045532, JTMHV01J1K5046759,
JTMHV01J1K5047362, JTMHV01J1K5048446, JTMHV01J2K4281189,
JTMHV01J2K5045426, JTMHV01J2K5046219, JTMHV01J2K5046902,
JTMHV01J3K4286188, JTMHV01J3K4289088, JTMHV01J3K5044124,
JTMHV01J9K5048386, JTMHV01JXK5045321,JTMHV01JXK5046324,
JTMHV01J8K4288311, JTMHV01J9K5048436, JTMHV01J9K5048534
Of the purchased orders announced last month, most have secured
financing and commenced delivery. These orders are expected to be
fulfilled over the next two weeks, and Ideanomics will release
updates accordingly.
About Ideanomics
Ideanomics is a global company
focused on facilitating the adoption of commercial electric
vehicles and developing next generation financial services and
Fintech products. Its electric vehicle division, Mobile Energy
Global (MEG) provides group purchasing discounts on commercial
electric vehicles, EV batteries and electricity as well as
financing and charging solutions. Ideanomics Capital includes DBOT
ATS and Intelligenta which provide innovative financial services
solutions powered by AI and blockchain. MEG and Ideanomics Capital
provide our global customers and partners with better efficiencies
and technologies and greater access to global markets.
The company is headquartered in New
York, NY, and has offices in Beijing and Qingdao,
China.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these
forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
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SOURCE Ideanomics