NEW YORK – Ideanomics Inc. (NASDAQ: IDEX) announced that its Chinese subsidiary, Mobile Energy Global (MEG) selected several manufacturers to fulfill its EV taxi sales orders including BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla.
Orders included 300 taxis for Changxing county, Huzhou; 800 for Neijiang, Sichuan made up of 300 new taxis, and 500 replacement taxis, Qingdao, Shangdong will add 3,000 EV taxis; Wenzhou, Zhejiang is adding 1,500 EV taxis; Yancheng, Jiangsu has ordered 1,250 EV taxis made up of 300 new taxis and the replacement of 950 taxis; Chengdu, Sichuan is replacing 3,000 conventional taxis with EVs.
A total of 11,254 units are currently in order fulfillment.
Tesla Model 3
For the city of Guilin order, with delivery fulfillment already underway, MEG will provide ten units of the Tesla Model 3 as a proof of concept, which could see the U.S. electric vehicle maker support additional MEG orders in China. BYD, Nissan, Kia, Geely, and Chery will round out the majority of partners for these orders. MEG requires multiple partners to ensure it can meet both cost and delivery requirements.
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Our electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions; we refer to this business model as sales to financing to charging (S2F2C). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide our global customers and partners with more efficient solutions for a greener economy.
The company is headquartered in New York, NY, with offices in Beijing, Guangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia: