NEW YORK, May 18, 2020 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company"), Mobile Energy
Global (MEG) division has today announced its Qingdao subsidiary Qingdao Chengyang Ainengju
New Energy Sales and Service Co., Ltd has secured its first EV
order from a Hangzhou-based
customer for 130 EV units from SAIC's Roewe brand.
The order value is approximately RMB 17.5
Million (approx. USD 2.5
Million), and is comprised of 80 units of Roewe's 2019 model
ei6 Honor 80 Deluxe Edition, 20 units of its 2020 EX5 vehicle, and
30 units of its ei5 2020 Deluxe Edition. The order is for immediate
delivery and anticipated to be completed within the second quarter.
Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd
assisted with financing and purchase activities on behalf of its
customer.
"We are very pleased to have secured this first meaningful order
for our Qingdao center,
particularly as the customer required financing assistance with its
EV orders," said Alf Poor, CEO of
Ideanomics. "Our MEG team was able to fulfill this quickly and
efficiently, through our Qingdao
subsidiary, getting the customer the terms they needed. This type
of order is precisely why we developed our S2F2C model, and we're
delighted our Qingdao activities
are underway."
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