Welcome to our dedicated page for IDEANOMICS news (Ticker: IDEX), a resource for investors and traders seeking the latest updates and insights on IDEANOMICS stock.
Ideanomics, Inc. (NASDAQ: IDEX) is a forward-thinking American multinational company aimed at accelerating the adoption of commercial electric vehicles (EVs). The company operates through three primary business units under one segment to cover diverse aspects of the EV ecosystem.
Ideanomics Mobility focuses on electric vehicles, including mid- and last-mile delivery trucks, vans, tractors, and two-wheelers. It comprises five operating companies: VIA, Energica, Solectrac, United States Hybrid, and Tree Technologies. These companies work together to provide innovative EV solutions for different market needs.
Ideanomics Energy specializes in charging and energy-related products and services. This division supports the infrastructure required for seamless EV operations, ensuring that fleet operators have access to efficient and reliable charging solutions.
Ideanomics Capital offers financial services and fintech products that support the Mobility and Energy units. This division focuses on capital markets, including financial product advisory and creation, with a particular emphasis on blockchain and artificial intelligence applications in financial technology.
Recent achievements include notable partnerships and projects. For instance, WAVE Charging, a wholly-owned subsidiary, secured a purchase order for a commercial proof of concept project involving wireless charging technology for BYD yard tractors at a major retail and logistics company. Similarly, WAVE Charging achieved OEM approval after integrating its high-power wireless charging technology into Kenworth's Class 6 electric trucks, showcasing its commitment to innovation in the EV industry.
Another significant development is from Energica Inside, which has signed an agreement to electrify the historic Nimbus Model C motorcycle, highlighting Ideanomics' dedication to supporting sustainable and innovative transportation solutions.
Despite some challenges, such as recent non-compliance notices from NASDAQ due to delays in filing financial results, Ideanomics is diligently working to regain compliance. The company's mission remains steadfast: to accelerate the commercial adoption of electric vehicles by integrating vehicles, charging solutions, and financial services under one comprehensive umbrella.
For the latest updates on Ideanomics and its subsidiaries, follow the company on social media @ideanomicshq or visit their official website at www.ideanomics.com.
WAVE, a subsidiary of Ideanomics (NASDAQ: IDEX), has expanded its partnership with Josephine Community Transit (JCT) in Oregon, increasing its order from one to four 125kW wireless depot chargers. This upgrade aims to enhance operational efficiency by eliminating the need for plug-in chargers. The new systems, expected to be operational by mid-2023, will support four zero-emission buses, addressing space and labor constraints associated with traditional charging methods. WAVE's technology provides a streamlined charging experience, positioning JCT for expanded electric fleet operations.
Ideanomics (NASDAQ: IDEX) is set to provide a comprehensive update on its pending merger with VIA Motors during a conference call on June 23, 2022, at 4:00 p.m. ET. This call will allow investors to engage by submitting questions via the Say Connect platform, starting from June 17. The interaction aims to enhance investor communication regarding the merger, which is pivotal for Ideanomics as it seeks to bolster its position in the electric vehicle sector. The company emphasizes electric drive technology and sustainable mobility solutions in its strategy.
OrangeGrid and Timios have partnered, with Timios becoming the preferred provider of title, escrow, valuation, and asset management services in OrangeGrid's GridReady ecosystem. Timios has also made a significant equity investment in OrangeGrid, aiming to enhance product delivery and meet rising demand due to increased default-related activities. This partnership enables mortgage servicers using GridReady to seamlessly access Timios’ services through the GridSource platform, streamlining their operations in mortgage servicing.
Energica Motor Company, a subsidiary of Ideanomics (IDEX), launched the Experia electric motorcycle, unveiling it at the FIM MotoE World Cup in Italy. The Experia offers the longest range among electric motorcycles, achieving 261 city miles and 130 highway miles. It features rapid charging capabilities, with 0-80% in just 40 minutes. Built on a new lightweight platform, the motorcycle enhances rider comfort while maintaining high performance. With a peak power of 102 HP and a focus on long-distance riding, the Experia symbolizes Energica's commitment to innovation and the growing electric motorcycle market.
Ideanomics (NASDAQ: IDEX) has partnered with Coast Counties Peterbilt to implement energy and charging solutions at Peterbilt's California truck dealerships. The agreement encompasses a Power Purchase Agreement (PPA) and a Charging-as-a-Service model, with plans to install DC fast chargers, renewable energy generation, and storage systems. Ideanomics Energy, a new division focused on electrification solutions, aims to offer comprehensive services from design to maintenance, enhancing the transition to electric fleets.
Ideanomics (NASDAQ: IDEX) received a notice from Nasdaq on May 17, 2022, indicating non-compliance with Listing Rules due to late filings of its Form 10-Q for March 31, 2022, and Form 10-K for December 31, 2022. The company is actively working to file these delayed reports and has submitted a compliance plan to Nasdaq, which granted an extension subject to conditions. Ideanomics aims to maintain its Nasdaq listing while continuing its mission to promote electric vehicle adoption.
WAVE, a subsidiary of Ideanomics (NASDAQ: IDEX), has received a second order from Twin Transit for two 250kW wireless charging systems, enhancing electric bus capabilities at the Mellen Street e-Transit Station. These systems will support new Gillig battery-electric buses set to begin service in 2023, aiming to address the operational range of electric vehicles compared to legacy diesel options. The partnership underscores the reliability of WAVE's technology, noted for its ease of use and low maintenance, propelling Twin Transit towards its zero-emission goals.
US Hybrid, a subsidiary of Ideanomics (NASDAQ: IDEX), has unveiled a near-zero-emission natural gas-powered parallel hybrid powertrain for drayage and long-haul trucks. This new technology, showcased at the ACT Expo in Long Beach, California, boasts 640 hp, up to 1,000 miles of range, and double the fuel economy of standard engines. With six years of R&D, it significantly reduces NOx emissions, making it suitable for environmentally conscious fleet operations. The industry-first vehicle-to-vehicle (V2V) charging capability enhances its appeal to fleet owners.
Solectrac, a subsidiary of Ideanomics (NASDAQ: IDEX), announces a significant expansion of its dealer network with Columbiana Tractor in Westover, Alabama, marking the first certified retail location in the southeastern U.S. This partnership aims to deliver sustainable, electric tractor solutions to various agricultural customers. Solectrac's tractors are set to meet the growing demand in the electric farm tractor market, projected to exceed $218M by 2026. The e25 and e70N electric tractors will be available soon, emphasizing low maintenance costs and environmental benefits.
Ideanomics (NASDAQ: IDEX) is facilitating small businesses in New Jersey to acquire medium-duty electric vehicles (EVs) through the New Jersey Zero Emission Incentive Program (NJ ZIP). This pilot program has a funding pool of $44.25 million aimed at reducing upfront costs and promoting EV adoption. While NJ ZIP covers a significant portion of the vehicle costs, Ideanomics provides financing solutions to help businesses manage remaining expenses. The initiative supports over 90% of applicants who are small businesses, with a focus on women and minority-owned enterprises.
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