Ideanomics Featured in Syndicated Broadcast Covering Purchase Agreement for 2,000 Units of D1, BYD's Custom Electric Ride-Hailing Vehicle
Ideanomics (NASDAQ: IDEX) has been featured in a broadcast via NetworkNewsAudio to enhance visibility in the investment community. The broadcast highlights an agreement with Meihao Chuxing, a joint venture between BYD and Didi, for the provision of 2,000 BYD D1 electric vehicles. CEO Alf Poor expressed enthusiasm about this partnership, emphasizing the role of government subsidies in promoting electric vehicle adoption in China. BYD, established in 1995, is a leader in renewable energy solutions and has diversified operations globally.
- Partnership with Meihao Chuxing for 2,000 units of BYD D1 enhances business prospects.
- Government subsidy program supports EV sales in China, potentially increasing demand.
- BYD D1 is a custom-built, all-electric vehicle for ride-hailing, improving market position.
- None.
NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Ideanomics (NASDAQ: IDEX) today announces that it has been featured in a broadcast via NetworkNewsAudio (NNA), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio press release covers the recently signed agreement involving Meihao Chuxing, a joint venture between BYD and Didi, and Ideanomics’ Mobile Energy Global (“MEG”) division for the provision of an initial 2,000 units of model BYD D1.
To hear the audio production, visit: https://www.nnw.fm/4BOE8.
To read the original press release, visit: https://www.nnw.fm/HOTb3.
“We are very pleased to work with Meihao Chuxing and BYD to promote the sales of the D1,” Alf Poor, Ideanomics CEO, stated. “Supported by a viable government subsidy program, the proliferation of EVs in China is a testament to the value that public and private partnerships can bring to large scale global challenges. We look forward to developing these types of partnerships and the rollout of more innovative vehicles like the D1 to our taxi and ride-hailing customers.”
Established in 1995, BYD Company has successfully expanded its renewable energy solutions globally with operations in over 50 countries and regions. The D1 is the world’s first custom-built, all electric car specifically for ride-hailing with smart technology, safety, and comfort features for both drivers and passengers. Through the Didi Chuxing app, passengers can hail this customized online car in multiple cities.
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 that 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.
For more information, visit the company’s website at www.Ideanomics.com.
About NetworkNewsAudio
NetworkNewsAudio (“NNA”), one of 50+ brands within the InvestorBrandNetwork (“IBN”), allows you to sit back and listen to market updates, CEO interviews and AudioPressRelease (“APR”) productions. These audio clips provide snapshots of position, opportunity and momentum. NNA can assist by cutting through the overload of information in today's market, while bringing its clients unparalleled visibility, recognition and brand awareness. IBN is where news, content and information converge. IBN is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, IBN has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of 5,000+ key syndication outlets across the nation.
For more information, visit: www.NetworkNewsAudio.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website, applicable to all content provided by IBN wherever published or re-published: http://IBN.fm/Disclaimer
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.
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
FAQ
What is the recent press release from Ideanomics about?
How does the partnership with BYD impact Ideanomics?
What is the significance of the BYD D1 electric vehicle?
What role do government subsidies play in Ideanomics' strategy?
What is Ideanomics' business focus?
