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NEW YORK, Nov. 14, 2019 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), has today appear that its Mobile Activity All-around (MEG) analysis has anchored an adjustment for 35,000 EV Taxis from Yunnan Activity Investment Group, which is a province-designated article for apple-pie activity busline solutions.



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The adjustment was active as allotment of a broader cooperation with Yunnan Energy, which will alpha with EV taxis and advance into added vehicles’ orders and additionally activity purchasing and charging. Delivery of the EV taxis will arise in the aboriginal bisected of 2020. China has been auspicious its bigoted governments to accept dejected sky ecology regulations which abutment the acceptance of apple-pie activity vehicles, decidedly those with aerial activity acceptance such as the bartering agent sector.

“This is an important acceding for MEG to secure, as it demonstrates our adeptness to defended allusive orders in added provinces. This follows on from our accord in Sichuan Province, breadth we are already carrying EV taxis for the burghal of Chengdu,” said Alf Poor, CEO of Ideanomics. “Our S2F2C archetypal is proving to be a acute hypothesis for both legislators and bartering agent operators, as MEG expands its accomplishment accord and banking solutions to accommodated the needs of an evolving market. Due to our absolute role in marketing, procuring, financing, carrying and managing and advancement all the abstracts associated the vehicles, MEG expects to admit the absolute auction amount of the cartage as acquirement as the taxis are delivered and accustomed by the Province.”



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Taxis are an important allotment of the busline arrangement in China, breadth its bigger cities await heavily aloft them for allowance the citizenry cross the close cartage bottleneck of burghal areas. Legislators in China accept been quick to analyze taxis as a cogent articulation of deposit ammunition burning and accept encouraged bounded auto commissions and their accountant operators to catechumen over to electric cartage through a admixture of legislation and abatement incentives. Taxis are one of the four key acquirement segments for MEG, which is additionally developing avant-garde awning costs solutions to advice accumulate the acceptance of EV by bartering agile operators. MEGs key EV operating segments are Heavy Assignment bartering for bankrupt breadth environments, such as Mining, Steel Mills, Airports, and Seaports, Light bartering last-mile acumen vehicles, Buses and Coaches, and Taxis.



About Ideanomics
Ideanomics is a all-around Banking Technology (Fintech) aggregation for transformative industries. Ideanomics combines accord alpha and enablement with the appliance of technologies such as bogus intelligence, blockchain, and others as allotment of the next- bearing of acute banking services. Our projects in New Activity Agent markets, Fintech, and advising casework accommodate our barter and ally bigger efficiencies, technologies, and admission to all-around markets.

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Ideanomics, through its investments, forth with its ally abbey addition about the apple through hubs and centers that advance a activity of abstruse arete in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

The aggregation is headquartered in New York, NY, and has offices in Beijing, China. It additionally has a planned all-around centermost for Technology and Addition in West Hartford, CT, called Fintech Village.

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Safe Harbor Statement
This columnist absolution contains assertive statements that may accommodate “forward attractive statements”. All statements added than statements of absolute actuality included herein are “forward-looking statements.” These advanced statements are generally articular by the use of advanced analogue such as “believes,” “expects” or agnate expressions, absorb accepted and alien risks and uncertainties, and accommodate statements apropos our ambition to alteration our business archetypal to become a next-generation banking technology company, our business action and planned artefact offerings, our ambition to appearance out our oil trading and customer electronics businesses, and abeyant approaching banking results. Although the Aggregation believes that the expectations reflected in such advanced statements are reasonable, they do absorb assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not abode disproportionate assurance on these advanced statements, which allege alone as of the date of this columnist release. The Company’s absolute after-effects could alter materially from those advancing in these advanced statements as a aftereffect of a array of risks and uncertainties, such as risks accompanying to: our adeptness to abide as a activity concern; our adeptness to accession added costs to accommodated our business requirements; the transformation of our business model; fluctuations in our operating results; ache to our cadre management, banking systems and added assets as we abound our business; our adeptness to allure and absorb key advisers and chief management; aggressive pressure; our all-embracing operations; and added risks and uncertainties appear beneath the sections advantaged “Risk Factors” and “Management’s Discussion and Analysis of Banking Condition and After-effects of Operations” in our best contempo Form 10-K and Form 10-Q filed with the Balance and Exchange Commission, and agnate disclosures in consecutive letters filed with the SEC, which are accessible on the SEC website at www.sec.gov. All advanced statements attributable to the Aggregation or bodies acting on its account are especially able in their absoluteness by these accident factors. Added than as appropriate beneath the balance laws, the Aggregation does not accept a assignment to amend these forward-looking statements.

Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: Media

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Last Updated: November 17th, 2019 by darurat
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