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Ideanomics (IDEX) delivers integrated solutions for commercial electric vehicle adoption through advanced technology and financial innovation. This news hub provides investors and industry professionals with authoritative updates on the company’s strategic initiatives.
Track all official announcements including earnings reports, strategic partnerships, and technology developments across IDEX’s core operations in EV fleet solutions, energy infrastructure, and fintech applications. Discover updates on subsidiary expansions and regulatory milestones shaping the sustainable transportation sector.
Our curated collection ensures immediate access to verified press releases and market-moving developments. Bookmark this page for efficient monitoring of Ideanomics’ progress in bridging electric mobility with next-generation financial services.
Ideanomics (NASDAQ: IDEX) hosted an investor day on April 11, 2022, in New York, following the acquisition of Energica Motor Company. The event showcased Energica's electric motorcycles and highlighted synergies between the companies. Ideanomics aims to leverage Energica's technology and expanding dealer network to capture the growing demand for electric two-wheelers. The acquisition allows Ideanomics to enhance its EV solutions and integrate Energica's advancements in battery technology and performance motorcycles into its broader mission.
Ideanomics (NASDAQ: IDEX) is set to launch its first-ever EV Experience Center in New Jersey, expected to open by the end of 2022. This facility will encompass 48,500 square feet, featuring a 4,000 square-foot showroom showcasing its electric vehicle and charging solutions. The center aims to support product development and scalable production while creating 75 to 100 jobs over three years. Ideanomics continues to expand its operations, leveraging recent acquisitions exceeding $600 million to enhance its offerings in the electric vehicle market.
WAVE, a subsidiary of Ideanomics (IDEX), is expanding its facility in Salt Lake City, Utah, to double its employee capacity and meet the growing demand for high-power wireless vehicle charging systems. The new 12,000 square-foot facility will enhance engineering, testing, and production capabilities while accommodating new 500-kilowatt and 1-megawatt systems. This expansion reflects WAVE's commitment to supporting zero-emission fleets through advanced inductive charging technology, which has already been integrated with numerous commercial EV manufacturers since its deployment in 2012.
Solectrac, an electric tractor manufacturer under Ideanomics (NASDAQ: IDEX), has expanded into a new 36,000 square-foot facility in Windsor, California. This move aims to enhance its manufacturing capacity to meet increasing demand. The company has seen a remarkable 200% growth in personnel since its acquisition in June 2021. The facility will enable the production of electric tractors, including the award-winning e70N, and support an expanding dealer network.
Solectrac, an electric tractor manufacturer and part of Ideanomics (NASDAQ: IDEX), announced its expansion into the Pacific Northwest with a new certified dealer, Brim Tractor, located in Lynden, Washington. This partnership provides access to Solectrac's electric tractors, including the e25 and award-winning e70N models, to hobby farmers and first-time buyers. Solectrac plans to further expand its dealer network this year to meet growing demand. The company emphasizes its commitment to electric solutions that reduce the total cost of ownership compared to diesel tractors.
Ideanomics (NASDAQ: IDEX) has finalized a 70% acquisition of Energica Motor Company, an Italian manufacturer of high-performance electric motorcycles. This transaction, valued at 3.2 Euros per share, grants Ideanomics full control over Energica, which is now delisted from Borsa Italiana. The company will showcase its plans during an Analyst and Investor Day on April 11, 2022. Ideanomics aims to enhance Energica's market presence and double its U.S. dealer network by year-end, tapping into a market projected to grow over 35% CAGR from 2020-2024.
Ideanomics (NASDAQ: IDEX) announced receiving a notice from Nasdaq for not filing its Form 10-K, violating Listing Rule 5250(c)(1). While this notice does not immediately affect its stock listing, failure to regain compliance may lead to delisting. The company has 60 days to submit a compliance plan, which could extend to 180 days if accepted. Ideanomics is working to file the necessary report within the given timeframe to avoid further complications.
Ideanomics (NASDAQ: IDEX) announced a delay in filing its Annual Report on Form 10-K for the year ended December 31, 2021, which will not occur by the March 16, 2022 deadline. The delay, communicated via a Notification of Late Filing on Form 12b-25, is attributed to the need for additional information related to the company's operations in China. The company emphasizes its commitment to ensuring a complete and accurate report and is working diligently to finalize its audited financial statements and internal control assessments.
Ideanomics (NASDAQ: IDEX) has secured 93.63% of Energica Motor Company shares through a voluntary tender offer, surpassing the 90% acquisition threshold. The company anticipates the acquisition will close by the end of this quarter, pending final regulatory approval. CEO Alf Poor expressed enthusiasm regarding the synergy between Energica and Ideanomics, highlighting Energica's strong Italian heritage and innovative product line in the electric motorcycle sector. The press release outlines Energica's lineup, including the EGO and EVA series, known for performance and design.
Ideanomics (NASDAQ: IDEX) announced that it is postponing the release of its 2021 fourth-quarter and full-year financial results from March 1, 2022, to March 16, 2022. This delay is due to the company filing a Form 12b-25 extension with the Securities and Exchange Commission. Ideanomics assures stakeholders of its commitment to timely filing and will update on the earnings call schedule once confirmed. The company focuses on accelerating the commercial adoption of electric vehicles through integrated vehicle and charging solutions.
