NEW YORK, June 17, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce that its subsidiary Mobile Energy Global (MEG) has secured an order from Jiangsu Journey Network Technology Co., Ltd (Jiudao Group) for electric logistic vehicles. Operating in over 100 cities in China, Jiudao Group is a new energy transportation services provider offering passenger and commercial electric vehicle (EV) rentals and EV charging solutions with an integrated payment platform.
The order is for a total of 400 EVs and valued at RMB 36 Million, or USD 5.1 Million. It will be fulfilled with Aoxin X30L models and, subject to final negotiations with manufacturers, financing, government licensing, etc., delivery of EVs to Jiudao Group is expected to be completed by the end of June.
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.
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