"The global electric vehicle market at $39.8 billi
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Posted On: 09/27/2020 10:47:41 PM
"The global electric vehicle market at $39.8 billion in 2018 is projected to reach $1.5 trillion by 2025. Units sales are anticipated to reach 97 million vehicles worldwide by 2025. - Wintergreen Research Inc.
Ideanomics Reported Q2 Revenue of $4.7 million and Forecasts Quarter-over-Quarter EV Sales Growth in Q3 and Q4 2020
September 2020 - There are many investment opportunities for investors who want to capitalize on the growing EV industry. Leading the way is Tesla (Nasdaq-TSLA) who has seen tremendous amount of market attention and share appreciation in 2020. One company that is doing creative business in the EV sector is Ideanomics Inc. (Nasdaq-IDEX).
Ideanomics current focus is on commercial electric vehicle acquisitions and assisting commercial fleet operators with transitioning from their gas & diesel fleets through a procurement, lease financing, insurance, government rebates and subsidies, battery purchases and prepaid energy supply process and therefore providing “End to End” EV services.
Ideanomics names their platform “Sales to Financing to Charging” (S2F2C) business model.
Commercial fleet vehicles include heavy- duty trucks, logistic vehicles, buses, taxis, couriers, and the like.
China currently has an estimated 11 million heavy- duty trucks and off-road vehicles, 14 million delivery vehicles, 1.6 million city and tourist buses, 1.2 million taxis/ride-sharing vehicles, and more than 100,000 gas stations which are going to be converted into battery charging stations.
Ideanomics is doing business with these Chinese commercial fleet operators and is providing EV acquisitions, wholesale and pre-paid electricity or discounted access to Ideanomics’ preferred partner charging stations, which will be a recurring revenue stream for the Company.
Ideanomics established a new division named the Medici Motor Works to manufacture and sell EV Trucks, Vans & Bus into North America and other parts of the world.
To operate successfully in China Ideanomics has Chinese American entrepreneur billionaire Dr. Bruno Wu, who is the Chairman of Ideanomics who owns a 19% equity stake in the Company. Dr. Bruno Wu’s wife, Yang Lan, is a high-profile Chinese media personality who is often referred to as the Oprah Winfrey of China.
Vice Chairman Mr. Shane McMahon owns 4% and is from the multi billionaire American McMahon family which owns World Wresting Entertainment. (WWE)
Ideanomics recently reported Q2 revenue of $4.7 million, up from $378,000 in Q1. The Company ended the quarter with reducing its debt by ~ 50% and US$36.4 million in cash, which it says could be used for acquisitions later this year. IDEX called the second quarter its best mobile energy results since moving into electric vehicle sales. Further, Ideanomics forecasts quarter-over-quarter growth in Q3 and Q4 2020.
Another important component of IDEX’s future growth will come from its 51% majority ownership of Treeletrik, an approved electric vehicles manufacturer and distributor for Malaysia. As Treeletrik expands its product line to electric vehicle E bikes, mopeds, cars, and light rail cars and serving the 650 million people in the ASEAN region which includes Malaysia, Cambodia, Vietnam, Philippines, Indonesia, Laos, Singapore, and Brunei.
As the global EV sector continues its current growth trajectory with China being the largest EV market in the world, making up 57% of the global market as of April 2020; along with a market cap of $250 M and strong institutional and fund ownership with shareholders like BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, and Fidelity, Ideanomics is well positioned to take advantage of this growth and capitalize on the EV market and provide investors with an opportunity for significant ROI.
Ideanomics Inc. (Nasdaq-IDEX) End to End EV Solutions
Revenue of $4.7 million Q2 and Expects Quarter-Over-Quarter Growth in Q3 and Q4 2020
557 EV Units Processed at MEG EV Center in Qingdao for July & August an Increase from Q 2
China is already the largest EV market in the world, making up 57% of the global market as of April 2020.
Ideanomics reported $4.7M Q2 in revenues in August. Most of the performance and growth of the company was brought about by the EV sales business of MEG, a Chinese subsidiary of Ideanomics.
Proactive Investor CEO Interview
Sept 17, 2020
https://www.youtube.com/watch?v=NVsrMFo4uec
Ideanomics Revenue Streams
Commercial EV Sales
Lease Financing – Sales
Qingdao EV Hub Sales
Medici Motor Works Trucks, Vans & Bus Sales
Treeletrik E Bike Sales
Energy Sales
Prepaid Electricity Commercial Fleet Sales
EV Fast Charging Network Sales
5G Smart City Energy Sales
Electricity Debit Card Sales (with China’s Union Pay)
Share Structure August 4, 2020
Market Cap $389,177,181
Outstanding Shares 237,303,159
Restricted Shares 73,424,144
Unrestricted Shares 163,531,862
52 Week Hi-lo $3.98-$0.27
Major Institutional Ownership: BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, Fidelity
Symbol: IDEX: Nasdaq
www.ideanomics.com
Ideanomics Reported Q2 Revenue of $4.7 million and Forecasts Quarter-over-Quarter EV Sales Growth in Q3 and Q4 2020
September 2020 - There are many investment opportunities for investors who want to capitalize on the growing EV industry. Leading the way is Tesla (Nasdaq-TSLA) who has seen tremendous amount of market attention and share appreciation in 2020. One company that is doing creative business in the EV sector is Ideanomics Inc. (Nasdaq-IDEX).
Ideanomics current focus is on commercial electric vehicle acquisitions and assisting commercial fleet operators with transitioning from their gas & diesel fleets through a procurement, lease financing, insurance, government rebates and subsidies, battery purchases and prepaid energy supply process and therefore providing “End to End” EV services.
Ideanomics names their platform “Sales to Financing to Charging” (S2F2C) business model.
Commercial fleet vehicles include heavy- duty trucks, logistic vehicles, buses, taxis, couriers, and the like.
China currently has an estimated 11 million heavy- duty trucks and off-road vehicles, 14 million delivery vehicles, 1.6 million city and tourist buses, 1.2 million taxis/ride-sharing vehicles, and more than 100,000 gas stations which are going to be converted into battery charging stations.
Ideanomics is doing business with these Chinese commercial fleet operators and is providing EV acquisitions, wholesale and pre-paid electricity or discounted access to Ideanomics’ preferred partner charging stations, which will be a recurring revenue stream for the Company.
Ideanomics established a new division named the Medici Motor Works to manufacture and sell EV Trucks, Vans & Bus into North America and other parts of the world.
To operate successfully in China Ideanomics has Chinese American entrepreneur billionaire Dr. Bruno Wu, who is the Chairman of Ideanomics who owns a 19% equity stake in the Company. Dr. Bruno Wu’s wife, Yang Lan, is a high-profile Chinese media personality who is often referred to as the Oprah Winfrey of China.
Vice Chairman Mr. Shane McMahon owns 4% and is from the multi billionaire American McMahon family which owns World Wresting Entertainment. (WWE)
Ideanomics recently reported Q2 revenue of $4.7 million, up from $378,000 in Q1. The Company ended the quarter with reducing its debt by ~ 50% and US$36.4 million in cash, which it says could be used for acquisitions later this year. IDEX called the second quarter its best mobile energy results since moving into electric vehicle sales. Further, Ideanomics forecasts quarter-over-quarter growth in Q3 and Q4 2020.
Another important component of IDEX’s future growth will come from its 51% majority ownership of Treeletrik, an approved electric vehicles manufacturer and distributor for Malaysia. As Treeletrik expands its product line to electric vehicle E bikes, mopeds, cars, and light rail cars and serving the 650 million people in the ASEAN region which includes Malaysia, Cambodia, Vietnam, Philippines, Indonesia, Laos, Singapore, and Brunei.
As the global EV sector continues its current growth trajectory with China being the largest EV market in the world, making up 57% of the global market as of April 2020; along with a market cap of $250 M and strong institutional and fund ownership with shareholders like BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, and Fidelity, Ideanomics is well positioned to take advantage of this growth and capitalize on the EV market and provide investors with an opportunity for significant ROI.
Ideanomics Inc. (Nasdaq-IDEX) End to End EV Solutions
Revenue of $4.7 million Q2 and Expects Quarter-Over-Quarter Growth in Q3 and Q4 2020
557 EV Units Processed at MEG EV Center in Qingdao for July & August an Increase from Q 2
China is already the largest EV market in the world, making up 57% of the global market as of April 2020.
Ideanomics reported $4.7M Q2 in revenues in August. Most of the performance and growth of the company was brought about by the EV sales business of MEG, a Chinese subsidiary of Ideanomics.
Proactive Investor CEO Interview
Sept 17, 2020
https://www.youtube.com/watch?v=NVsrMFo4uec
Ideanomics Revenue Streams
Commercial EV Sales
Lease Financing – Sales
Qingdao EV Hub Sales
Medici Motor Works Trucks, Vans & Bus Sales
Treeletrik E Bike Sales
Energy Sales
Prepaid Electricity Commercial Fleet Sales
EV Fast Charging Network Sales
5G Smart City Energy Sales
Electricity Debit Card Sales (with China’s Union Pay)
Share Structure August 4, 2020
Market Cap $389,177,181
Outstanding Shares 237,303,159
Restricted Shares 73,424,144
Unrestricted Shares 163,531,862
52 Week Hi-lo $3.98-$0.27
Major Institutional Ownership: BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, Fidelity
Symbol: IDEX: Nasdaq
www.ideanomics.com
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