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.
JUSTLY Markets appointed Donna Bartlett as Chief Compliance Officer, effective immediately. With 30 years of experience, including 20 years at First Allied Securities, Bartlett will ensure compliance with FINRA regulations while facilitating impact investments in ESG-principled companies. JUSTLY, launched by Ideanomics (NASDAQ: IDEX) in November 2021, provides a crowdfunding platform for private equity focused on social and environmental impact. CEO Paul Karrlsson-Willis emphasized that Bartlett's expertise is crucial for the firm's growth and success in 2022 and beyond.
US Hybrid, a subsidiary of Ideanomics (NASDAQ: IDEX), announced an order from Antelope Valley Transit Authority (AVTA) for 19 battery-electric, ADA-compliant transit vans. The vans will help AVTA achieve sustainability goals and are equipped with a range of 220 miles per charge. This order marks a step forward in US Hybrid's commitment to electrification, with each van expected to displace over 10,000 gallons of fuel annually. Testing will occur at the Altoona track to comply with federal funding requirements, supporting AVTA's goal of maintaining a fully electric fleet.
Ideanomics (NASDAQ: IDEX) will announce its 2021 fourth-quarter and full-year financial results on March 1, 2022, at 4 p.m. ET. A conference call with management follows at 4:30 p.m. ET.
Investors can submit questions via the Say Connect platform starting February 22 through February 28. The earnings call will include prepared remarks and a Q&A session.
Ideanomics (NASDAQ: IDEX) and VIA Motors will host a panel on last-mile electric vehicle fleets at the BloombergNEF Summit on January 31 - February 1, 2022, in San Francisco. The summit focuses on strategies for a cleaner future, showcasing Ideanomics' electrification solutions including vehicles, charging, and hydrogen technologies. Key sessions include discussions by CEO Alf Poor on EV innovations and Dr. Abas Goodarzi on hydrogen's role in zero-emission vehicles. Interested parties can arrange meetings with representatives.
Timios Holdings Corporation has appointed Joe Montag as its first Chief Operating Officer, a role aimed at enhancing operational excellence and driving growth. Montag, a founding member of Timios, will focus on implementing new products and customer retention strategies. The leadership change is expected to support the company's growth strategies for 2022 and beyond, aligning with Timios' mission to improve the real estate transaction experience. CEO Ray Davison emphasized the importance of Montag's industry experience in achieving the company's objectives.
Ideanomics (NASDAQ: IDEX) announced a strategic investment in InoBat Auto, a European premium battery technology firm, aiming to bolster electric vehicle adoption. This funding will assist in completing InoBat's R&D center and battery plant in Slovakia by 2022. The partnership will focus on producing integrated battery solutions for the U.S. market, tapping into InoBat's expertise in custom battery manufacturing and supply chain optimization. The collaboration is expected to drive growth for Ideanomics while addressing electric vehicle fleet needs.
WAVE, a subsidiary of Ideanomics (NASDAQ: IDEX), announced cost reductions from recent manufacturing and engineering investments. These savings will benefit Sourcewell customers, making next-generation wireless charging technology more accessible for electric vehicle (EV) fleets. The new Charging-as-a-Service (CaaS) model will offer hardware, maintenance, and operational services for a monthly fee, enhancing the transition to fully battery-electric fleets with minimal business disruptions. WAVE's three-year warranty on charging systems underscores their reliability and commitment to EV infrastructure.
US Hybrid, a subsidiary of Ideanomics, announced a $5.5 million purchase order from Global Environmental Products for battery powertrain kits for electric street sweepers in California. The order's delivery is expected in 2022. GEP, known for hybrid and fully electric street sweepers, has collaborated with US Hybrid since 2009. The new battery kits aim to enhance California's clean mobility initiatives, resulting in significant environmental benefits, including an estimated reduction of 89 metric tons of carbon emissions per vehicle over its lifespan.
Solectrac, a subsidiary of Ideanomics (NASDAQ: IDEX), has been awarded a spot in the Top 10 New Products Competition at the World Ag Expo for its e70N battery-powered electric tractor. This recognition highlights the tractor's eco-friendly innovation aimed at reducing farmers' dependency on fossil fuels. The e70N, equivalent to a 70HP diesel tractor, offers 4-8 hours of operation on a single charge and emphasizes sustainability within agriculture. The World Ag Expo, held in Tulare, California, from February 8-10, 2022, will showcase this award-winning tractor among over 1,400 exhibitors.
On Nov. 30, 2021, JUSTLY Markets announced a partnership with Invest Green, Inc. to enhance investment opportunities in clean technology for its clients. This collaboration aims to provide institutional-quality insights and access to curated investments, supporting JUSTLY's mission in the impact investing sector. Invest Green will supply Green Research Bites and ESG-related content aimed at democratizing access to sustainable investments, typically reserved for institutional investors. The partnership reflects a strategic alignment towards sustainability investing.
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