NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Posted On: 07/15/2021 3:34:59 PM
NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Driven to Sustain Next-Gen Solutions for World’s Energy Consumption
Ideanomics (NASDAQ: IDEX) announced June 14 that it had boosted its stake in California-based zero-emission electric tractors manufacturer and distributor Solectrac Inc. to 100% ownership. According to a recent article, not only did this move highlight applications of electric vehicle (“EV”) technology in the agricultural industry, “but also showcased Ideanomics’ drive to sustain next-generation solutions for the world’s energy consumption and living standard equity difficulties.” Solectrac has limited competition in the electric tractor market in North America, granting it a significant head start within the industry. Its premium electric tractor lineup is fully scalable and market-ready to generate revenue in the United States with proven demand. “The announcement follows on the heels of Ideanomics’ acquisition of US Hybrid, a manufacturer of electric powertrain parts and fuel cell engines for heavy-duty municipal vehicles, commercial trucks, buses, and specialty cars.”
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) announced June 14 that it had boosted its stake in California-based zero-emission electric tractors manufacturer and distributor Solectrac Inc. to 100% ownership. According to a recent article, not only did this move highlight applications of electric vehicle (“EV”) technology in the agricultural industry, “but also showcased Ideanomics’ drive to sustain next-generation solutions for the world’s energy consumption and living standard equity difficulties.” Solectrac has limited competition in the electric tractor market in North America, granting it a significant head start within the industry. Its premium electric tractor lineup is fully scalable and market-ready to generate revenue in the United States with proven demand. “The announcement follows on the heels of Ideanomics’ acquisition of US Hybrid, a manufacturer of electric powertrain parts and fuel cell engines for heavy-duty municipal vehicles, commercial trucks, buses, and specialty cars.”
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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