NEW YORK, June 11, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce that its subsidiary, Mobile Energy Global (MEG) and Beijing Silk Road Rainbow Group have jointly developed a new energy bus plan to help facilitate the sale of more than 2,000 EV buses in China through selecting manufacturers with the capability to fulfill multiple large-scale orders. The EV bus manufacturers include CRRC, Zhong Tong, Shanghai Shenli, and Yunnan Wulong.
The Chinese government mandated that bus operators must convert or replace their bus equipment with clean energy vehicles by the end of 2022. MEG, through its consortium of EV auto manufacturers, EV battery manufacturers, and financing partners, provides a unique value proposition to fleet operators – the ability to procure high volume discounts through a variety of manufacturers. The new energy bus plan with Beijing Silk Road Rainbow Group furthers MEG's ability to participate in China's substantial EV bus market.
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
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