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NEWS $IDEX- Ideanomics' Announces Pilot Program to Monetize EV Energy Sales

The pilot is based in the city of Nanjing, China and will focus on the interoperability of three critical components in EV energy consumption: payment systems, charging stations, and energy supply chains
Pilot will serve as a blueprint for its energy sales platform in other major cities throughout China

NEW YORK, April 7, 2020 Ideanomics, (NASDAQ: IDEX) announced that Mobile Energy Group 's energy sales unit has deployed a pilot platform in Nanjing, China which will focus on streamlining the operational aspects of EV energy sales and consumption and will serve as a blueprint to a broader roll-out in both Nanjing, and across other major cities in China.

The Mobile Energy Group energy sales pilot will focus on the convergence of payment systems, charging stations, and energy supply chains. The pilot will demonstrate a payment solution which will integrate gas, LNG, and electricity sales into a single secure platform payment interface with China Union Pay, the largest card payment organization (debit and credit cards combined) in the world. This new solution will deliver advanced payment features such as facial recognition and other contactless payment technologies. The platform is expected to launch by July 1.

Additionally, the pilot will demonstrate supercharging stations, provided by CATL into PetroChina gas stations in Nanjing, as previously announced. MEG and PetroChina have explored various charging technologies and, along with CATL, expect to begin converting gas pumps to EV superchargers as soon as Q4 of this year.


https://investors.ideanomics.com/2020-04-07-Ideanomics-Announces-Pilot-Program-to-Monetize-EV-Energy-Sales