Ideanomics advances pilot program and creation of a 'significant war chest' for EV fleet financing

Ideanomics Inc (NASDAQ:IDEX) CEO Alf Poor tells Proactive that its electric vehicle division, Mobile Energy Global has recently deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as well as other big Chinese cities.

The group recently entered into a framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited to fund investment projects, where both groups would raise up to US$7 billion to finance investment projects in the city of Qingdao and Shandong province in China. Poor adds that the Chinese's government's recent extension on electric vehicle subsidies is good news for the company, as well as China's aggressive measures to revive its economy.

Quick facts: Ideanomics

Price: 1.53 USD

Market: NASDAQ
Market Cap: $256.88 m

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Ideanomics launch energy services unit after securing deal with Service...

Ideanomics (NASDAQ: IDEX) CEO Alf Poor joined Steve Darling from Proactive to share news the company has done a deal with infrastructure giant Zhongsen Tower to give the company their launch of Its Energy Services Unit.  Poor talks about how this fits into their overall plan for MEG and...

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