NASDAQ: IDEX - Ideanomics Capitalizing on the Electric

New Post Public Reply Private Reply Replies (0) Message Board
Goreman
219
NASDAQ: IDEX - Ideanomics

Capitalizing on the Electric Vehicle Revolution

"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"


Key Investment Highlights


• EV World Market Growth CAGR of 25.6%
• Institutional Ownership
• Stock Trades Below Book Value
• Doing Business In the Largest Market in the World
• Strong Experienced Management
• 2020 Exponential Growth


Overview

Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.

Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).

Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.

MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.

Being the "Amazon Platform" for end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.

Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.

In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.

In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.

MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.

In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.

Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.

The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.




Share Structure Sept 30, 2019
Market Cap $88,849,138
Outstanding Shares 162,076,044
Restricted Shares 74,424,144
Unrestricted Shares 87,651,900
52 Week Hi-lo $2.84-$0.43



Assets - $164,763,676
Revenues - $ 43,286,378



Institutional Ownership: Fidelity, BlackRock, Vanguard, Charles Schwab, Barclay's Capital


http://www.ideanomics.com/
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Piedmont Orthopedics Expands Care in Henry County

Updated Category News Views 49

A Surgeon's Story Comes to Henry County Ah, the medical field. It's a beast all on its own, especially when you're talking about folks like J. Hunter Matthews, M.D. making waves in the orthopedic world. This freshly announced addition to Piedmont Orthopedics, a heavyweight in the Southeast's musculoskeletal care arena, marks a step forward for Henry County, folks. We're...

Continue Reading
Airswift's Strategic Acquisition Boosts U.S. Energy Presence

Updated Category News Views 7

What's Driving Airswift's Latest Expansion? Airswift just dropped a bombshell by snapping up key businesses from New Tech Global (NTG), marking a serious power move in the U.S. energy sector. Now, what does this actually mean for investors? In blunt terms: they're muscling up their contractor base by a meaty 30%. That's no small feat. It's a calculated step to ace the...

Continue Reading
Guaranteed Roof Expands with EM Exteriors through LB Capital

Updated Category News Views 5

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Continue Reading
WareSpace Expands Reach With $36.5M Acquisitions

Updated Category News Views 3

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Continue Reading
Bud Ecosystem Debuts AIOS, Aims to Slash Costs

Updated Category News Views 7

AI Fragmentation Tax: Cut It Out! Look, if you think AI is all about fancy algorithms and self-learning voodoo, you're missing the plot. It's the nuts and bolts—the infrastructure—that's been bleeding enterprises dry. That's where Bud Ecosystem comes thrashing in with its Novaria AIOS. They're not just promising a tiny tune-up; they're talking slashing AI costs by a...

Continue Reading
Foodcare Proves Effective in Reducing Blood Sugar Levels

Updated Category News Views 6

A New Chapter for Diabetes Care: Foodcare Folks, we've got ourselves a game-changer in the world of diabetes care. Listen closely: Foodsmart's latest study, hot off the press from the American Heart Association's Circulation, essentially hands over the blueprint for tackling type 2 diabetes in an innovative fashion. Now, I'm not the type to get all mushy over scientific...

Continue Reading
Omneky Integrates AI Growth Agent With Slack for Ads

Updated Category News Views 5

Omneky's New Move: AI Growth Agent Meets Slack Picture this: You've got a marketing team hustling in the digital age, and now they've got a new ally. Omneky, the big-wig in autonomous AI growth, has snuck its AI Growth Agent right into Slack. This isn't just a party trick during Dreamforce week in San Francisco. This is Omneky throwing another cog into the advertising...

Continue Reading
American Savings Bank Surges 6% on NYSE Debut

Updated Category News Views 6

American Savings Bank Lands with a Bang on NYSE Who would have thought American Savings Bank's (NYSE: ASBH) entry onto the stock market would start with such gusto? It's not every day you see a debut that impressive, with shares soaring 6.25% right out of the gate. Guess it's safe to say the folks over at ASBH did something right in the lead-up to their NYSE launch. CEO...

Continue Reading
AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Updated Category News Views 6

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Continue Reading
Donatos Targets Texas: Pushing Franchise Growth Limits

Updated Category News Views 7

Donatos Pizza: Ambitious Expansion in the Lone Star State When you think about pizza chains expanding, Donatos Pizza might not be the first name to come to mind, but they're cooking up something big in Texas. Folks in Dallas and Houston better be ready because Donatos is rolling out the red carpet for its edge-to-edge, topping-loaded pies all over Texas. Strategic Growth:...

Continue Reading

Top 5 Most Recently Viewed Articles

Volvo Cars Chooses Dassault Systèmes for EV Development

Updated Category News Views 107

Volvo Cars Chooses Dassault Systèmes for Electric Vehicle Development In an impressive move to strengthen its electric vehicle (EV) capabilities, Volvo Cars has selected Dassault Systèmes’ 3DEXPERIENCE platform. This partnership aims to revolutionize the automotive landscape by enhancing the efficiency and effectiveness of vehicle development processes through...

Continue Reading
Significant Insider Selling Activity at Everi Holdings Uncovered

Updated Category News Views 176

Insider Selling at Everi Holdings: What You Need to Know Recently, it was reported that Geoffrey P Judge, a Board Member at Everi Holdings (EVRI), made significant moves in the market, executing a notable insider sale. This action was revealed in an SEC filing that provides insights into company dynamics. Understanding the Transaction: After careful consideration and...

Continue Reading
H.I.G. Capital Launches New Self-Storage Venture in Italy

Updated Category News Views 266

H.I.G. Capital Expands into Self-Storage Market in Italy H.I.G. Capital, a prominent global alternative investment firm managing $70 billion, has launched an exciting new self-storage platform in Italy. This marks a significant milestone in H.I.G.'s continuous growth, especially in the self-storage sector, amplifying their operations which previously thrived in the United...

Continue Reading
Barings Fuels Growth for Pro-Vision with Vance Street Capital

Updated Category News Views 80

Barings Supports Growth through Financing Barings, a prominent player in the investment management arena, has announced its role in facilitating a significant financial transaction to benefit Vance Street Capital's investment in Pro-Vision. This partnership marks a crucial step for Pro-Vision, an innovator celebrated for its mobile video solutions, which combine design...

Continue Reading
California's Housing Reforms: A New Era for Urban Growth

Updated Category News Views 173

California's Bold Housing Reforms The landscape of urban development is rapidly changing, and California is at the forefront of this movement. In recent times, significant housing reforms have sparked a new sense of optimism regarding urban growth and accessibility. Various organizations, such as California YIMBY, have emerged to advocate for these reforms, which are...

Continue Reading