Ideanomics (IDEX) announced that its subsidiary, Mobile Energy Global (MEG), received an order for 400 electric logistic vehicles from Jiangsu Journey Network Technology Co., Ltd (Jiudao Group), valued at RMB 36 million (approximately USD 5.1 million). Jiudao Group operates in over 100 cities in China, specializing in EV rentals and charging solutions. The order will utilize Aoxin X30L models, with delivery expected by the end of June, subject to final negotiations. This development underscores Ideanomics' commitment to the growing electric vehicle market in China.
Ideanomics (NASDAQ: IDEX) has announced a deal to sell its subsidiaries, Grapevine Logic, Fintalk, and CommentsRadar, to Techconn Holding Group, pending board approval. Ideanomics will retain a 15% stake in the merged entity, projected to generate RMB 20 billion in sales by 2021, with a valuation of RMB 300 million. The union of over 540,000 influencers aims to create a leading global influencer platform, enhancing sales through advanced technologies. The transaction is expected to finalize in Q3 2020, subject to customary conditions.