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Ideanomics Inc IDEX

Industrials
Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobility’s business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energy’s business unit focuses on charging and energy-related products and services. Ideanomics Capital’s business unit focuses on providing financing support for the Company’s Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.


NDAQ:IDEX - Post by User

Ideanomics Inc
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Post by pkussopon Apr 07, 2021 12:57pm
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Post# 32949993

Ideanomics (Nasdaq-IDEX)

Ideanomics (Nasdaq-IDEX)

$IDEX Reports Strong Full-year EV Sales Growth

  • Ideanomics (NASDAQ: IDEX) reports full-year 2020 earnings results with $26.8M in overall revenue and $19.5M in EV revenue, up more than 600% on the prior year.
·       The 2020 revenue includes the company's first sales of charging and battery systems. IDEX expects charging system revenues to grow as the WAVE inductive charging business acquired in January starts showing up in financials this quarter.
·       "We are very pleased with the transformation that took place this past year," says CEO Alf Poor. "Despite a year highlighted by COVID-19, we were able to build the groundwork for 2021 and beyond for Ideanomics and we are excited for what the future holds with our recent activity across the EV ecosystem and developments in EV charging infrastructure."
Ideanomics Company Video March 2021
https://www.youtube.com/watch?v=GvZSwwUKvpQ
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