Ideanomics MEG Announces 200 EV to Neijiang City, Sichuan Province

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NEW YORK, On June 22, 2020 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (” Ideanomics “or the” Company “) is pleased to announce that its subsidiary, Mobile Energy Global (MEG) has obtained an order from the city of Neijiang in The Province Of Sichuan.The order is for a total of 200 electric vehicles (Evs) to a value 24 Million RMBor USD 3.2 Millionor about 16 000 USD by vehicle. The command will be executed with Dongfeng Liuzhou S50EV models and, subject to the results of the negotiations with the manufacturers, financing, government licensing, etc, delivery vehicles Neijiang City is expected to be completed in mid-July.

The us GAAP accounting treatment for the expected revenues from the above orders will not be finalized until the order of the operations complete. Therefore, revenue may be presented on a Gross or Net basis, and a portion may be carried forward to future accounting periods.

On Ideanomics
Ideanomics is a global company focused on the facilitation of the adoption of commercial electric vehicles and the development of the next generation of financial services and Fintech products. Its electric vehicle Mobile division of the Global Energy (MEG) offers group buying discounts on the commercialization of electric vehicles, EV batteries and electricity as well as the funding and pricing of solutions. Ideanomics Capital includes DBOT ATS and Intelligenta that provide innovative financial services solutions powered by the AI, and the blockchain. MEG and Ideanomics Capital to provide our clients and partners with the improvement of efficiency and technologies and increase access to global markets.

The company is based in New York, NYand has offices in Beijing and Qingdao, China.

Safe Harbor Statement
This press release contains certain statements that may include ” forward-looking statements “. All statements other than statements of historical facts included in this document are ” forward-looking statements. “These forward-looking statements are typically identified by words such as” believes “, “expects” or other similar expressions, and involve known and unknown risks and uncertainties, including statements regarding our intention to transition our business model to become the next generation of financial technology company, our business strategy and supply of products, our intention to phase our trade in oil and consumer electronics companies, and the potential future financial results. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements because of various risks and uncertainties, such as risks related to: our ability to carry out its activities; our ability to obtain new financing to meet our business requirements; the transformation of our economic model; fluctuations in our operating results; the distortion of our management staff, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed in the sections entitled “Risk Factors” and “management’s discussion and Analysis of Financial condition and Results of operations” in our most recent Form 10-K and 10-Q filed with the Securities and Exchange Commission and other disclosures in subsequent reports filed with the SEC, that are available on the website of the SEC at www.sec.gov.. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under securities laws, the Company assumes no obligation to update these forward-looking statements.

Investor Relations and Media Contact
Tony Sklar, Vice president of Communications
55 Broadway, 19th Floor New York, New York 10006
E-mail: [email protected]

SOURCE Ideanomics

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http://www.ideanomics.com

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