Ideanomics' EV Center Opens for Operations and Revenues
EV Center will offer services including sales, financing, registration, and licensing
NEW YORK, -- Ideanomics (NASDAQ: IDEX) Mobile Energy Global (MEG) announced that its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co. has officially launched the largest auto trading market in Qingdao at MEG's Qingdao EV hub.
The MEG Center in Qingdao now hosts a full suite of car dealer services for new energy and used cars with a capacity of 18,000 vehicles onsite. It offers a one-stop buying experience that includes financial services and onsite vehicle registration services. The auto trading market, which was rolled into MEG as part of the investment from Qingdao City, attracts a large audience which MEG will leverage to help educate the general population through its upcoming EV-centric welcome center and onsite EV manufacturing partners. Additionally, the Center will use influencer-based marketing of new energy and used cars to leverage the impact influencers have on big ticket purchases in Asia.
The MEG Center is a one million square foot EV expo center in Qingdao, Shandong Province. The Center announced a soft launch on May 1, 2020 and will house partners ranging from EV manufacturers, EV battery manufacturers, energy storage, energy management, and EV charging solution providers, financial services, insurance companies, vehicle and license plate registration services, and others including a state of the art MEG Welcome Center. Ideanomics will be holding a ribbon-cutting ceremony for the MEG Center in Qingdao in the summer in conjunction with its Annual General Meeting.
Signs Agreement with Smart Travel Technology Leader
Target sales of 30,000 units, value approx.$ 562 Million
NEW YORK -- Ideanomics (NASDAQ: IDEX), Mobile Energy Global (MEG) division announced that its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co. has signed a framework strategic cooperation agreement with Zhejiang Qinou Holding Group Co., Ltd (Qinou Group). Under the terms of the agreement, MEG will provide Qinou Holdings with its S2F (sales to financing) capabilities, to facilitate the procurement and financing of the electric taxis and battery exchange systems.
Taxi fleet operators have been slow to convert to EVs due to the increased amount of time taxis have to spend offline to recharge. Qinou Group's battery exchange technology solves this challenge, enabling taxi operators to confidently adopt EV taxis and meet regulatory requirements. Qinou Group focuses on the operation of smart travel power exchange systems, facilitating quick and simple battery exchange, and is committed to the development and operation of the smart travel ecosystem. It provides a full suite of technical solutions, battery packs and battery replacement stations and charging stations developed through its CEMIBO SrL and CEMI Studio LLP subsidiaries in Bologna, Italy.
To help promote the partnership, MEG and Qinou Group will jointly market electric taxis with battery exchange capabilities in Zhejiang, Jiangsu, Sichuan, Shandong, Inner Mongolia, Shanxi, including some orders already secured by MEG. The marketing partnership intends to expand to other regions in the future. MEG and Qinou Group project sales of 30,000 units by 2023, valued at RMB 4 Billion (USD 562 million). The immediate sales projections are 50 units within Q2 2020, valued at approximately RMB 6.8 million (USD 1 million). For 2020, MEG and Qinou Group project up to 5,000 units, valued at approximately RMB 650 million (USD 91 million).
Secures First Order For Qingdao EV Hub
130 units SAIC EV Brand Roewe - For Immediate Q2 Delivery
NEW YORK -- Ideanomics' (NASDAQ: IDEX), Mobile Energy Global (MEG) division announced its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd has secured its first EV order from a Hangzhou-based customer for 130 EV units from SAIC's Roewe brand.
The order value is approximately RMB 17.5 Million (approx. USD 2.5 Million), and is comprised of 80 units of Roewe's 2019 model ei6 Honor 80 Deluxe Edition, 20 units of its 2020 EX5 vehicle, and 30 units of its ei5 2020 Deluxe Edition. The order is for immediate delivery and anticipated to be completed within the second quarter. Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd assisted with financing and purchase activities on behalf of its customer.
Ideanomics Business Model
Commercial EV Sales - Revenue Streams
Lease Financing – Fund Supported
Cash & Non-Cash Fund Sales
Quingdao EV Hub Sales
Treeletrick Asean Sales
Energy Sales - Revenue Streams
Prepaid Electricity Sales for Commercial Fleets
EV Fast Charging Network Sales
5G Smart City Energy Sales
Electricity Purchasing Card with China Union Pay
About Ideanomics
Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
http://www.ideanomics.com
EV Center will offer services including sales, financing, registration, and licensing
NEW YORK, -- Ideanomics (NASDAQ: IDEX) Mobile Energy Global (MEG) announced that its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co. has officially launched the largest auto trading market in Qingdao at MEG's Qingdao EV hub.
The MEG Center in Qingdao now hosts a full suite of car dealer services for new energy and used cars with a capacity of 18,000 vehicles onsite. It offers a one-stop buying experience that includes financial services and onsite vehicle registration services. The auto trading market, which was rolled into MEG as part of the investment from Qingdao City, attracts a large audience which MEG will leverage to help educate the general population through its upcoming EV-centric welcome center and onsite EV manufacturing partners. Additionally, the Center will use influencer-based marketing of new energy and used cars to leverage the impact influencers have on big ticket purchases in Asia.
The MEG Center is a one million square foot EV expo center in Qingdao, Shandong Province. The Center announced a soft launch on May 1, 2020 and will house partners ranging from EV manufacturers, EV battery manufacturers, energy storage, energy management, and EV charging solution providers, financial services, insurance companies, vehicle and license plate registration services, and others including a state of the art MEG Welcome Center. Ideanomics will be holding a ribbon-cutting ceremony for the MEG Center in Qingdao in the summer in conjunction with its Annual General Meeting.
Signs Agreement with Smart Travel Technology Leader
Target sales of 30,000 units, value approx.$ 562 Million
NEW YORK -- Ideanomics (NASDAQ: IDEX), Mobile Energy Global (MEG) division announced that its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co. has signed a framework strategic cooperation agreement with Zhejiang Qinou Holding Group Co., Ltd (Qinou Group). Under the terms of the agreement, MEG will provide Qinou Holdings with its S2F (sales to financing) capabilities, to facilitate the procurement and financing of the electric taxis and battery exchange systems.
Taxi fleet operators have been slow to convert to EVs due to the increased amount of time taxis have to spend offline to recharge. Qinou Group's battery exchange technology solves this challenge, enabling taxi operators to confidently adopt EV taxis and meet regulatory requirements. Qinou Group focuses on the operation of smart travel power exchange systems, facilitating quick and simple battery exchange, and is committed to the development and operation of the smart travel ecosystem. It provides a full suite of technical solutions, battery packs and battery replacement stations and charging stations developed through its CEMIBO SrL and CEMI Studio LLP subsidiaries in Bologna, Italy.
To help promote the partnership, MEG and Qinou Group will jointly market electric taxis with battery exchange capabilities in Zhejiang, Jiangsu, Sichuan, Shandong, Inner Mongolia, Shanxi, including some orders already secured by MEG. The marketing partnership intends to expand to other regions in the future. MEG and Qinou Group project sales of 30,000 units by 2023, valued at RMB 4 Billion (USD 562 million). The immediate sales projections are 50 units within Q2 2020, valued at approximately RMB 6.8 million (USD 1 million). For 2020, MEG and Qinou Group project up to 5,000 units, valued at approximately RMB 650 million (USD 91 million).
Secures First Order For Qingdao EV Hub
130 units SAIC EV Brand Roewe - For Immediate Q2 Delivery
NEW YORK -- Ideanomics' (NASDAQ: IDEX), Mobile Energy Global (MEG) division announced its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd has secured its first EV order from a Hangzhou-based customer for 130 EV units from SAIC's Roewe brand.
The order value is approximately RMB 17.5 Million (approx. USD 2.5 Million), and is comprised of 80 units of Roewe's 2019 model ei6 Honor 80 Deluxe Edition, 20 units of its 2020 EX5 vehicle, and 30 units of its ei5 2020 Deluxe Edition. The order is for immediate delivery and anticipated to be completed within the second quarter. Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd assisted with financing and purchase activities on behalf of its customer.
Ideanomics Business Model
Commercial EV Sales - Revenue Streams
Lease Financing – Fund Supported
Cash & Non-Cash Fund Sales
Quingdao EV Hub Sales
Treeletrick Asean Sales
Energy Sales - Revenue Streams
Prepaid Electricity Sales for Commercial Fleets
EV Fast Charging Network Sales
5G Smart City Energy Sales
Electricity Purchasing Card with China Union Pay
About Ideanomics
Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
http://www.ideanomics.com
