SMART MONEY GROUP

[RLBLB]

$IDEX NEWS HIT!
NEW YORK, June 10, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce that its subsidiary, Mobile Energy Global (MEG) has selected several manufacturers to fulfill its EV taxi sales orders including BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla.

Orders include 300 taxis for Changxing county, Huzhou; 800 for Neijiang, Sichuan made up of 300 new taxis, and 500 replacement taxis, Qingdao, Shangdong will add 3,000 EV taxis; Wenzhou, Zhejiang is adding 1,500 EV taxis; Yancheng, Jiangsu has ordered 1,250 EV taxis made up of 300 new taxis and the replacement of 950 taxis; Chengdu, Sichuan is replacing 3,000 conventional taxis with EVs. A total of 11,254 units are currently in order fulfillment.

For the city of Guilin order, with delivery fulfillment already underway, MEG will provide ten units of the Tesla Model 3 as a proof of concept, which could see the U.S. electric vehicle maker support additional MEG orders in China. BYD, Nissan, Kia, Geely, and Chery will round out the majority of partners for these orders. MEG requires multiple partners to ensure it can meet both cost and delivery requirements