NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Ideanomics (NASDAQ: IDEX) recently completed the acquisition of 100% of privately held US Hybrid, heralding entry into the burgeoning EV powertrain market that is expected to grow at a 16% CAGR between 2020 and 2027. US Hybrid manufactures and sells electric powertrain components and fuel cell engines for medium and heavy-duty municipality vehicles, commercial trucks, buses, and specialty cars. The company welcomes US Hybrid CEO Dr. Abas Goodarzi, Ph.D., PE, and his entire team, with the acquisition expected to bring synergistic benefits to the various companies under the Ideanomics Mobility umbrella. A recent article quoted Dr. Goodarzi as saying: “Ideanomics has emerged as a true powerhouse in the commercial EV sector with a synergistic ecosystem of technologies and solutions that covers the entire value chain of electrification. We look forward to leveraging that strength going forward.”
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