Ideanomics Announces MEG December and Q4 Sales Activity
January 15 2021 - 8:52AM
InvestorsHub NewsWire
![Ideanomics (PRNewsfoto/Ideanomics)](https://mma.prnewswire.com/media/738482/Ideanomics_Logo.jpg)
NEW YORK, Jan. 15, 2021 -
InvestorsHub NewsWire -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces
its Mobile Energy Global (MEG) division's sales activities for the
month of December and Q4
2020.
![](https://investorshub.advfn.com/uimage/uploads/2021/1/15/plhjqidex.jpeg)
For the period starting December 1,
2020, through December 31, 2020, MEG delivered a total of 439
units, of which 356 were for the taxi/ride-hailing business
segment, and the remaining 83 were for the rental car business
segment. All units, invoiced during the period from July through
December 2020, were delivered. The fourth quarter's activities also
include the delivery of one charging system and 13 CATL battery
systems which are part of an ongoing order for converting
diesel-powered buses to battery electric vehicles (BEVs). The
fourth quarter results do not include any units from the recently
announced deal with BYD and Didi for 2,000 units of their D1 ride
hailing
vehicle.
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 which 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.
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
Ideanomics,Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Valerie Christopherson / Lora
Wilson
Global Results Communications (GRC)
+1 949 306 6476
valeriec@globalresultspr.com
SOURCE
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