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From twitter:
We’re selling every @solectrac tractor that rolls off the assembly line. To keep pace with growing demand, we need to be able to make more. Getting ready to do just that.
Ideanomics CEO Alf Poor presentation at LDMicro today
October 25, 2022 | 6:30PM - 6:55PM EDT (Registration Required)
Track 5 https://me22.sequireevents.com/webinar?company_id=752c9dd1-cb29-4b20-bb01-0367841f72d5
How about that volume?
DT, already 4.5 million shares traded premarket and up over 25%.
IDEX up big pre market looking really good lately.
VIA Motors Partners with AUSEV to Accelerate the Electrification of Australia's Commercial Electric Vehicle Market
Oct. 25, 2022
https://investors.ideanomics.com/2022-10-25-VIA-Motors-Partners-with-AUSEV-to-Accelerate-the-Electrification-of-Australias-Commercial-Electric-Vehicle-Market
Summary
- VTRUX chassis cabs and vans to be converted to right hand drive for the Australian market
- Non-binding commitment for delivery of 6,500 commercial EVs using the VTRUX chassis cab and skateboard
- Production and delivery are targeted to begin in 2024
AUBURN HILLS, Mich., Oct. 25, 2022 /PRNewswire/ -- Today VIA Motors, a U.S. based All-Electric Commercial OEM Vehicle Manufacturer at the forefront of fleet electrification, announced a Memorandum of Understanding with AUSEV (a subsidiary of BOSSCAP) to collaborate on accelerating the adoption of commercial electric vehicles (EVs) throughout Australia.
"We're excited about our mission to accelerate the adoption of commercial electric vehicles in the Australian market," said Terry Mulcahy, AUSEV Head of Future Business. "Partnering with VIA Motors further empowers this objective and spurs our desire to reintroduce automotive manufacturing back into Australia," he added.
VIA Motors Class 3 Chassis Cab
Under the terms of the agreement, VIA and AUSEV will share engineering expertise and best practices leading up to the production and delivery of the initial vehicles, anticipated for 2024. "Leveraging the engineering expertise of VIA Motors in commercial EVs, matched with the capability of AUSEV to remanufacture vehicles for the Right-Hand Drive market allows us to be in a position to deliver for Australian fleet customers," said Brendan Kenny, AUSEV Head of Operations.
The relationship will encompass all the necessary pillars to serve Australian fleet customers from distribution and marketing to service and critical charging infrastructure support. The VDRIVE skateboard that VIA has designed from the ground up, will provide the flexibility AUSEV is looking for when positioning solutions to its diverse array of clients. "Our skateboard and Chassis cab architecture will serve as the underpinnings for a full portfolio of product offerings, including box trucks, stake trucks, walk in vans and other body configurations," according to VIA CEO, Bob Purcell.
"We are thrilled to partner with AUSEV who will efficiently remanufacture our commercial EV's to Right Hand Drive for the Australian market," said Jeff Krause, VIA's Executive Director of Sales. "This collaboration is an important initial step in our international growth expansion, providing functional, reliable, and durable work trucks that are preferred by drivers and have an attractive total cost of ownership." AUSEV is a subsidiary of Boss Capital Holdings Pty LTD ("BOSSCAP") dedicated to the manufacturing and distribution of electric vehicles.
AUSEV will leverage BOSSCAP's experience in remanufacturing vehicles, including Light and Heavy Duty pick-up trucks, for right hand markets to quickly bring viable and capable EV fleet options to the Australian market which has been seeking purely electric commercial solutions.
To view high-resolution images of VIA's VTRUX electric chassis cabs, please click here.
About AUSEV
AUSEV Pty Ltd (AUSEV) is a subsidiary of BOSSCAP. BOSSCAP is a multi-industry company focused on sovereign capability. AUSEV was established to accelerate the adoption of electric vehicles in Australia, with a focus on RHD 4×4 EVs and has evolved to incorporate not only Pick-ups but also Light, Medium and Heavy-Duty Trucks & Vans. The company is committed to offering an end-to-end solution, including servicing, charging and fleet management. AUSEV leverages BOSSCAP's experience in remanufacturing and distributing ICE (Internal Combustion Engine) vehicles to now offer OEMs a solution to either partially or fully manufacture RHD electric vehicles (EV) locally in Australia. Learn more at https://www.aus-ev.com.au
ABOUT VIA MOTORS INTERNATIONAL, INC.
VIA is a leading electric commercial vehicle company with proven advanced electric drive technology, delivering sustainable mobility solutions for a more livable world. VIA designs, manufactures, and markets electric commercial vehicles, with superior life-cycle economics, for use across a broad cross-section of the global fleet customer base. VIA's vehicles are optimized for each fleet's needs, with intelligent software packages and fleet monitoring systems that are designed to reduce cost and improve operating efficiencies. VIA is a systems-driven company and strives to optimize the total fleet experience including energy, maintenance, uptime, route mapping and more, with reduced development time, improved quality, driving comfort, energy efficiency and connectivity. Learn more at https://www.viamotors.com
Contacts:
AUSEV: Von Hosking
pr@bosscap.com.au
VIA Motors:
Derek.Larsen@VIAMotors.com
SOURCE VIA Motors
Little Revenue/Burning Cash
I don't see how this stock isn't at $20+
Ideanomics launches digital team, forms strategic partnership with Google Cloud
October 25 2022
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/89369941/ideanomics-launches-digital-team-forms-strategic
NEW YORK, Oct. 25, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), is strengthening its position as a leading commercial electric vehicle and charging OEM by establishing in-house digital and data technology capabilities. Ideanomics Digital will provide a cost-efficient, standardized process to develop and deploy advanced digital solutions across the enterprise, as well as provide a new revenue stream.
Ideanomics Digital is establishing in-house digital and data technology capabilities and hosting its technology platform on Google Cloud’s advanced, scalable, and secure infrastructure.
"Electric vehicles and charging infrastructure generate vast streams of high-value data," says Nigel Walker, Vice President for Ideanomics Digital. "We are developing cutting-edge solutions that enable our customers to realize the full value of this data - from using predictive analytics to prevent small problems from becoming big issues to using telematic data to enhance operational performance, to using sustainability data to visualize ESG and climate impact."
Ideanomics has also established a three-year partnership with Google Cloud. Under the terms of the agreement, Ideanomics will host its technology platform on Google Cloud's advanced, scalable, and secure infrastructure, leveraging the AI and security features Google Cloud extends to its partners.
Beyond the technical support, this partnership will raise Ideanomics' profile as a leading electric mobility and sustainability solutions provider, while Ideanomics products will support Google Cloud's continued focus on sustainability.
"Electrification is a revolution. As the adoption of electric vehicles increases, so too will the need for solutions that simplify the transition and operation of EV fleets," said Urs Hölzle, SVP Infrastructure, Google Cloud. "Through this partnership, Google Cloud will support Ideanomics with our secure, flexible, and global cloud infrastructure so it can provide customers with the solutions they need to successfully operate integrated EV fleets."
Ideanomics Digital is already collaborating with Ideanomics Energy to develop its energy cloud platform. Built on Google Cloud, the platform will leverage Google Cloud's advanced AI functionality to collect and analyze telematics from all Ideanomics products as well as third-party EVs and charging infrastructure. Google Cloud's superior AI and filtering tools enable better security and further scalability of the platform. This technology-neutral approach is a first for the industry, giving fleet operators a single, unified view of their entire EV value chain regardless of make or model.
Earlier, Ideanomics Digital developed and launched WareSmart, a tool to help Southern California warehouse operators plan and implement clean fleet technology to comply with local regulations. Looking ahead, Ideanomics Digital has a strong roadmap of exciting projects under development. Ideanomics Digital's technology portfolio includes a secure, zero-trust, data collaboration platform marketed to highly regulated industries. Ideanomics Digital is leveraging its digital security to create solutions to protect data for all Ideanomics vehicles and charging infrastructure.
Ideanomics is solving the complexity of fleet electrification by bringing together high-performance electric vehicles, charging infrastructure and financing solutions under one roof. Through its three verticals, Mobility, Energy and Capital, the company provides turnkey commercial electrification solutions for customers, no matter where they are on their electrification journey.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.
Energica Building 180 HP Electric
New documents confirm more powerful motor.
By Ben Purvis
3 hours ago
https://www.cycleworld.com/story/motorcycle-news/energica-building-180-hp-electric-motor/
It appears that a more powerful 180-horsepower motor is in the works from Energica. Energica
Italian electric bike firm Energica has made quite a name for itself as the supplier for the single-make MotoE series with its high-performance Ego, Eva and EsseEsse9 models. They leapt even more boldly into the limelight with this year’s Experia adventure bike. Now there are indications that Energica will soon launch a machine driven by a powerful 180 horsepower motor.
A document filed with the NHTSA this month explaining how to decode Energica’s VIN numbers hints at two additions to the firm’s range. One is that the Experia, which is a completely new platform for Energica, will spawn a second derivative. According to the document, the fourth letter in the VIN defines the model, with two new options appearing. The letter “F” indicates the Experia, which we’ve seen, but Energica has also added a definition for the letter “G” in the same spot, saying it relates to the Experia 2.
The Energica Experia may have a derivative on the way soon.
Energica
Given that the Experia is still in the pre-order stage, the Experia 2 can’t be its successor. Instead, it’s likely to be a second variant of the bike with a different specification. How that specification will differ remains to be seen, but a hint could come in another addition to the new VIN definitions, showing plans for a more powerful motor.
At the moment, Energica’s most powerful option is the 148 hp (110kW) motor offered in the Eva Ribelle, Ego and EsseEsse9 models. In line with normal conventions, that number is a continuous power figure, which means the amount that the motor is capable of delivering without overheating for an unlimited time. That means it’s not really comparable to a combustion engine’s peak power, and that the Energica’s electric motor can also deliver substantially more performance for short periods. For example, their motor which is rated at 148 hp is actually good for a peak of 171.
This new VIN document shows that an additional motor is due to be added to the range, with a rated output of 180 hp (134kW). Energica’s current top motor has a peak output that’s 15.5-percent higher than its rated continuous power, so if the same math applies to the 180 hp-rated motor it could have a peak power of around 208. That puts it into the same ballpark as the top internal-combustion-powered superbikes on the market.
Energica’s earliest VIN decoding documents showed a vast range of power levels, covering all the bases from 15 to 243 horsepower rather than reflecting the actual outputs of the bikes in its model range, but since 2020 the company has reworked its VINs to accurately reflect power levels. The 2020 document, for instance, showed three power figures: 94 hp, 107 hp or 143 hp, matching the quoted figures for bikes in its range at the time. The 148 hp figure was added in 2021 VIN decoding documents, reflecting upgrades implemented during the year. That suggests the 180 hp bike is imminent, and with Energica likely to want to make a splash at this year’s EICMA show in November, we might not have long to wait before we see it.
Energica Motor to enter India soon, receives interest from several OEMs
The Italian OEM has benefited a lot from its association with MotoE series, where the e-motorcycles go through extreme endurance, high performance and quick charging are an area of no compromise.
Written by Nilesh Wadhwa
Updated: October 24, 2022
https://www.financialexpress.com/express-mobility/energica-motor-to-enter-india-soon-receives-interest-from-several-oems/2730251/
Livia Cevolini, "India is a very (big market) it's huge it's the biggest market, so we want to be ready for that. We don't want to rush and make mistakes, so we are taking our time to be sure that we are entering the market the right way and also have the right partners."
Italian electric superbike manufacturer Energica Motor is amongst the world’s leading electric two-wheeler maker and plans to enter the Indian market soon.
In fact, in her first interaction with an Indian media house, Livia Cevolini, Founder & CEO, Energica Motor says “The company has received several interest from OEMs in India.” While she is tight-lipped about the OEMs, she says the two-wheeler makers are “well-established players”.
For the unversed Energica is a Modena, Italy-headquartered supersport electric motorcycle company. The company was founded as a project in 2010 by CRP Group, which works in the field of computer numerical control machining and additive manufacturing with advanced selective laser sintering materials.
$IDEX Love this chart breakout here..lots of room to run..
https://stockcharts.com/c-sc/sc?s=IDEX&p=D&b=5&g=0&i=0&r=1666607025482
"Electric tractors can do the same as diesel but better" Solectrac CEO Mani Iyer | Market Day Report
Posted Oct 21, 2022
Solectrac Electric Tractors
Solectrac's CEO Mani Iyer discusses the advantages of electric tractors with Suzanne Alexander on RFD-TV's Market Day Report.
Just Jumped back in on this. Looks like a big squeeze on the way like mmat and muln just had.
Big volume the last few days. I think the covering has begun. I recall this was one of the stocks the meme guy had noted. I think IDEX will benefit from the green push. I am happy to invest in a better future.
Biden to announce $2.8 billion in grants for domestic battery supply chains
By Betsy Klein and Maegan Vazquez, CNN
Published October 19, 2022
https://keyt.com/news/2022/10/19/biden-to-announce-2-8-billion-in-grants-for-domestic-battery-supply-chains/
President Joe Biden and Energy Secretary Jennifer Granholm are set to announce two key actions Wednesday aimed at lowering costs amid inflation by targeting domestic battery supply chains — new efforts the administration is rolling out 20 days before the midterm elections.
The battery investments, which come from the bipartisan infrastructure law passed last year, will include components affecting both the electric grid and electric vehicles.
The Department of Energy will award $2.8 billion in grants from the law to 20 manufacturing and processing companies for projects across 12 states, a senior administration official said.
And the White House is also announcing the formation of the American Battery Materials Initiative, which the official called “a new effort to mobilize the entire government and securing a reliable and sustainable supply of critical minerals used for power, electricity and electric vehicles.”
The funding will go to 12 states, an administration official said, describing the move as “a truly coast-to-coast announcement.” It will be spent in Alabama, Georgia, Kentucky, Missouri, Nevada, New York, North Carolina, North Dakota, Ohio, Tennessee and Washington. It is expected to create 8,000 jobs, officials said.
Wednesday’s investment marks “the first of several rounds of investment in the battery supply chain,” a second senior administration official said.
The private sector, which will be represented at Wednesday afternoon’s event, is expected to match the federal government’s investment.
“The recipients of federal grants to invest and build out the domestic supply chain are required to at least match the federal funding with private sector capital. They’ve more than done that in this case. So the $2.8 billion is being leveraged for a total of a $9 billion investment today,” the second official said.
And a third senior official pressed that the funding will move US away from dependence China for these minerals, suggesting the effort builds more broadly on building supply chains resilient from autocracies.
“Over the last decades, China has cornered the supply chain for batteries from critical mineral mining and processing to cathode anode belt manufacturing for critical minerals. For the critical minerals lithium, cobalt, graphite, nickel and manganese that are crucial to advanced batteries, China controls nearly all global processing capacity,” the official said.
The official continued, “As the world transitions from a fossil fuel to a clean energy-powered economy, we cannot trade dependence on oil from autocrats like Putin to dependence on critical minerals from China.”
Ideanomics Solectrac tweet.
Today, we're chatting with @nccleantech @nafafleet to discuss the benefits of electric tractors for off-road fleet operators:
— Solectrac Electric Tractors (@Solectrac) October 18, 2022
✅ Cleaner
✅ Quieter
✅ More reliable
✅ Smaller carbon footprinthttps://t.co/9lv1cjqsND pic.twitter.com/QlENxjO81m
Energica Motorcycles
Posted, Oct 17, 2022
Jay Leno's Garage
This promising new electric motorcycle has Jay’s full attention!
Energica Factory Tour
Posted Aug 21, 2022
NewZeroland
This is where the best electric motorcycles in the world are made.
My hope is that americans have noticed that global warming is real, stop believing those who will burn the planet just to make a money and will destroy democracy before they give up one dollar of oil $. This is the beginning of a new era and IDEX is well positioned.
Ideanomics on Twitter
Get excited! Next week’s YouTube episode of @LenosGarage features the @EnergicaMotor EGO and EVA Ribelle. Tune in at 9 am PT Monday (or stream it at your convenience after). Looking forward to hearing your thoughts on the bike @JayLeno! pic.twitter.com/xKrczjJlpX
— Ideanomics Inc. (@ideanomicshq) October 14, 2022
None of bidens plans will come to fruition after Nov. 8. At least until the next presidential election if a Democrat wins the presidency. Just my opinion. This stock will just reverse split and keep crashing in my opinion. They may come out with some kind of pump news for EVs before the election however to get a quick spike but it will just do what MJ stocks did last week. Up and then right back down but may be a nice flipping opportunity for a day or two. Just my opinion
The company hired a new cpa to do an audit, hopefully good news comes from it. Holding 85 loss
As soon as shorts are forced to cover there should be no problem staying above $1
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with
the applicable requirements. If a company is unable to resolve its bid price deficiency during the applicable compliance period, Nasdaq Staff will issue a delisting letter.
At that time, the company may request a hearing before a Hearing Panel, which will stay the delisting. The company will have the opportunity to present its plan to regain compliance to the Panel. This plan of compliance should include the implementation of a reverse stock split in the near term. In appropriate cases, and so long as a company commits to implementation of a
reverse split within 180 days of the delisting notification, Panels may also consider other factors, such as the company's fundamental
financial strengths and weaknesses, the overall market conditions, the company's historical bid price, and impending disclosures,
corporate actions and strategic business plans that the company believes may impact its bid price.
Ideanomics $IDEX Strategic Investment with InoBat to Collaborate on EV Battery
- Ideanomics' early-stage investment is intended to further de-risk its supply chain by securing future battery supply across its operating companies.
- Ideanomics and InoBat will work to develop and commercialize both standard and tailor-made battery packs for the U.S. market.
- InoBat expects to have access to the requisite materials and global reach to produce batteries at scale due to their strategic investments from Rio Tinto and Amara Raja.
$IDEX Has EV Buses.. Nice read. Democrats push $25 billion for electric school buses, a Biden priority
https://www.pbs.org/newshour/education/democrats-push-25-billion-for-electric-school-buses-a-biden-priority
EW2022 - Day two, Energica Owners on the Ego Corsa
Posted Sep 23, 2022
Energica
The 2022 edition of the Energica Week included a memorable day for a selected number of Energica Owners, who chose to take part in the My Electric Academy at the Modena Circuit in Italy. Four professional riders taught them the ropes on how to ride the iconic Ego Corsa - including video reviews and telemetry analisys. Watch and listen as they speak about this superb experience.
Stock is toast. they have probably about a month now to get the SP above $1 else its delisted
$IDEX has $88M in cash. Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. The company's Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators. This business unit provides solutions for the procurement, financing, charging, and energy management needs for the fleet operators of commercial EVs; and zero emission mobility solutions, such as the provision of commercial electric vans, trucks, buses, electric tractors, and two-wheeled transportation, supporting by the provision of energy services and infrastructure for the EV market comprising charging systems, energy storage, and energy generation, including hydrogen and solar, and associated data and management applications. It also offers high-power inductive charging solutions for medium and heavy-duty EVs; manufactures and distributes electric powered tractors; manufactures and sells hydrogen fuel cells and power electronics for electric, hydrogen, and hybrid powered vehicles; manufactures and sells electric motorcycles and the FIM Enel MotoE World Cup; sells EV bikes, scooters, and batteries under the Treeletrik brand; and sells ride hailing vehicles, electric vans, trucks, buses, and EV batteries. The company's Ideanomics Capital business unit provides fintech services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. This business unit offers solutions for the real estate transactions, including title and escrow, residential and commercial title insurance, and closing and settlement services, as well as specialized offerings for the mortgage process industry; and acts as the Financial Industry Regulatory Authority-registered broker dealer that operates a funding platform. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.
Global Electric Motorcycle Market will be worth ~$1.2 Billion by 2027 https://www.globenewswire.com/en/news-release/2022/07/28/2487703/0/en/Global-Electric-Motorcycle-Market-will-be-worth-1-2-Billion-by-2027.html
$IDEX
.22 cents for Ideanomics...this theory is not working out. All-time LOW!
When will the CEO and Mgmt team be fired??
Complete disaster. Maybe they can sell Swedish Meatballs...
Hoping the SP turns around after the audit. We need to get back up before a delist or restructure
$IDEX Biden says COVID-19 pandemic is "over" in U.S.
https://cbsnews.com/news/biden-covid-pandemic-over/
Electric Vehicle Market Opportunity Could Be $53 Trillion By 2050 With Net Zero Carbon Neutrality: Report https://benzinga.com/news/22/06/27613940/electric-vehicle-market-opportunity-could-be-53-trillion-by-2050-with-net-zero-carbon-neutrality-new $IDEX
Ideanomics’ WAVE wireless charging doubles the range of electric buses at AVTA
Posted Oct 6, 2022
In this customer video case study, discover how Ideanomics’ WAVE high-power wireless charging enabled the AVTA (Antelope Valley Transit Authority) to unleash he full potential of its battery electric bus fleet.
Topping off batteries on route enabled their Battery Electric Buses (BEBs) to go as far as diesel. With WAVE, AVTA saved millions over plug-in and pantograph charging systems while addressing safety concerns associated with high-voltage cables and the maintenance of overhead equipment.
Solectract on Twitter
Looking good, Altman Plants! Purchased through @californiacore, the nursery's 10-tractor fleet arrived this week. We can't wait to see our electric tractors in action!#electrictractor #ev #agriculture #farming pic.twitter.com/iFJaE9rRKT
— Solectrac Electric Tractors (@Solectrac) October 6, 2022
Idex is on the move, we see a great short term up on this stock, so we are in now since Monday and putting more in over the next few days. This is one of our hot sticks and we are in big
Don’t miss this opportunity believe me 20-30% gains are so close so take it while you can
Lcbm69
$IDEX Global Electric Motorcycle Market will be worth ~$1.2 Billion by 2027 https://www.globenewswire.com/en/news-release/2022/07/28/2487703/0/en/Global-Electric-Motorcycle-Market-will-be-worth-1-2-Billion-by-2027.html
Electric Vehicle Market Opportunity Could Be $53 Trillion By 2050 With Net Zero Carbon Neutrality: Report
https://www.benzinga.com/news/22/06/27613940/electric-vehicle-market-opportunity-could-be-53-trillion-by-2050-with-net-zero-carbon-neutrality-new $IDEX
Cars Are Suddenly Worth $3 Trillion, And It’s Not All Tesla
https://www.washingtonpost.com/business/cars-are-suddenly-worth-3-trillion-and-its-not-all-tesla/2021/12/29/0d9deaf2-68a8-11ec-9390-eae241f4c8b1_story.html $IDEX $TSLA
2022 Energica Experia review | Electric Touring
Posted Jul 19, 2022
Adventure bikes have dominated sales for the last 15 years and electric motorcycle sales are growing at a faster rate than any other category, but we’ve seen relatively few attempts to combine the two. The new #energica #Experia looks to be the most convincing attempt yet to create a battery-powered machine that genuinely matches ICE-powered rivals in terms of performance, weight and range. Michael Mann of #bikesocial fame tested one in Italy recently.
RALLY TIME $IDEX
World's First Electric Tractor! SOLECTRAC
Posted Aug 29, 2022
Here at PowerPro Equipment we are excited to partner with Solectrac! We know their is a need for this in the livestock market. Safe around all animals (No toxic fumes) with virtually no noise.
Ideanomics, Solectrac complete industry-leading delivery of electric tractors to major fleet operators
Oct 04, 2022, 05:00 ET
https://www.prnewswire.com/news-releases/ideanomics-solectrac-complete-industry-leading-delivery-of-electric-tractors-to-major-fleet-operators-301639573.html
NEW YORK, Oct. 4, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced that its subsidiary Solectrac secured significant new business-to-business contracts to supply electric tractors to customers operating large fleets. Solectrac has provided a combined total of 17 powerful, zero-emission and quiet e25 tractors to the University of California Agriculture and Natural Resources and a leading private sector plant nursery.
"Our sustained investment to grow the Solectrac brand means that right now we are uniquely positioned to meet the big orders for electric tractors from large fleet operators," said Robin Mackie, Ideanomics Mobility president. "This is an important, new revenue stream for us, building on the strong value already coming from the fast-growing Solectrac dealer network."
Capitalizing on momentum, Solectrac is pursuing several high-value opportunities to supply its tractors to leading agricultural companies. These large volume sales will be conducted directly with customers or collaborating with Solectrac dealers. Solectrac targets specialty agriculture, parks, municipalities and university market segments for direct sales.
The Association of Equipment Manufacturers (AEM), an industry group tracking retail tractor sales, reports that tractor sales with less than 40 PTO hp exceeded 127,000 units so far this year*. Solectrac offers the e25g in the under 40 PTO hp category. Solectrac electric tractors do everything equivalent to a diesel tractor except better with zero pollution from burning expensive diesel fuel.
The combination of government incentives, volatile diesel fuel costs and corporate commitments to climate actions will accelerate the growth of electric machinery in the off-road market. Ideanomics anticipates a significant rise in market share of electric tractors in a segment forecasted by Zion Research Investment and other firms to exceed $100 billion before decades end.
Solectrac is ready to grow its industry-leading position. The Solectrac brand will introduce a new model in 2023, and Ideanomics has invested in new facilities and partnerships to enhance manufacturing, assembly and distribution capabilities significantly. Recently, Solectrac introduced its SolecSave app, offering customers total cost of ownership data, environmental statistics, and a way to find incentive programs in their locations.
Ideanomics is solving the complexity of fleet electrification by bringing together high-performance electric vehicles, charging infrastructure and financing solutions under one roof. The Company views Solectrac's electric tractors as a flagship solution for the fast-growing, high-value off-road vehicle market.
*Association of Equipment Manufacturers, Ag Tractor and Combine Report, August 2022
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging, and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.
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PUBLICATION NOTICE
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF IDEANOMICS, INC. ("IDEANOMICS") (NASDAQ: IDEX, WCST, SSC) LISTED ON THE NASDAQ OR DOMESTICALLY IN THE UNITED STATES BETWEEN FEBRUARY 1, 2017 AND NOVEMBER 13, 2018 AND WERE DAMAGED THEREBY ("CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Lead Plaintiff Jaysukh Rudani ("Lead Plaintiff"), on behalf of himself and each member of the Class, and defendants Ideanomics, Zheng Wu a/k/a Bruno Wu, Bing Yang, and Robert Benya, have reached a proposed settlement of the above-captioned action ("Action") in the amount of $5,000,000 that, if approved, will resolve the Action in its entirety (the "Settlement").
A hearing will be held on January 25, 2022 at 10:00 a.m./p.m., at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 in Courtroom 11A for the purpose of determining: (1) whether the proposed Settlement as set forth in the Stipulation of Settlement dated July 30, 2021 ("Stipulation") of the Action is fair, reasonable, and adequate; (2) whether a Judgment should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation for distribution of the settlement funds available for distribution is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees in the amount of 33.33% of the Settlement Fund, and reimbursement of Lead Counsel's expenses up to $40,000, should be approved."
IA is looking at gobbling the biggest piece of the IDEX Pie!...
IA committed to buy, From time to time IA will be adding a whopping $150Million dollar worth of IDEX!.
Already bought:
IA II PN Ltd just bought 12.5M Shares @$2.213 and few days earlier same IA II PN Ltd bought another 13.3M shares @$2.613 together 25.83M shares for total Sales of $35M
Here is the News Link: https://www.otcmarkets.com/filing/html?id=14532953&guid=zWUqUnO0tQNjb3h
PER IHUB MGMT |
02-07-2021
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