NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Posted On: 04/28/2021 3:38:59 PM
NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Eyes Predictable Revenue Stream Through Battery Leasing Model
Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is looking to make its revenue stream more predictable. The company hopes to accomplish this through a battery leasing model in Asia. Speaking during a March 25 webinar focused on batteries and charging solutions, CEO Alf Poor elaborated on Ideanomics’ target and observed that the reducing cost of batteries was welcome news for the electric vehicle (“EV”) industry. “This is great for the EV industry because this will put us at a parity with the cost of the competitor in the space, which is obviously the internal combustion engine,” a recent article quotes Poor as saying. The CEO called for more innovation in the battery sector because the current battery tech is old. “The good news is billions of dollars are pouring into battery innovation, and the density and charging improvements will obviously follow on from that.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is looking to make its revenue stream more predictable. The company hopes to accomplish this through a battery leasing model in Asia. Speaking during a March 25 webinar focused on batteries and charging solutions, CEO Alf Poor elaborated on Ideanomics’ target and observed that the reducing cost of batteries was welcome news for the electric vehicle (“EV”) industry. “This is great for the EV industry because this will put us at a parity with the cost of the competitor in the space, which is obviously the internal combustion engine,” a recent article quotes Poor as saying. The CEO called for more innovation in the battery sector because the current battery tech is old. “The good news is billions of dollars are pouring into battery innovation, and the density and charging improvements will obviously follow on from that.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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