Ideanomics Inc (IDEX): InoBat Auto, Ideanomics, and the State o...

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Re: BottomBounce post# 11411

Friday, 07/01/2022 11:45:09 AM

Friday, July 01, 2022 11:45:09 AM

InoBat Auto, Ideanomics, and the State of Indiana declare ambitious EV electrification plans for the North American market.
Within their strategic partnership, InoBat Auto and Ideanomics intend to:
Open a new battery module and pack R&D and a prototype-volume production facility.
Construct a full commercial-scale battery module and pack assembly plant.
InoBat is also exploring the potential construction of a cell manufacturing plant in line with future offtake agreements.
The State of Indiana was chosen as a prime location for investment due to its high concentration of OEMs, suitable business conditions for industrial projects and support from the State.
Listed plans follow up on Ideanomics' strategic investment into InoBat Auto from January 2022 to secure future battery supply and commercialize standard and tailor-made battery packs for the U.S. market. $IDEX

https://www.stocktitan.net/news/IDEX/ino-bat-auto-and-ideanomics-reveal-plans-to-build-r-d-and-battery-biyuezp3horv.html

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