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“The Buzz” Show: “The Buzz” Show: Ideanomics Surges Following Agreement with Meihao Chuxing
Ideanomics (NASDAQ: IDEX) shot up over 13% in premarket trading after announcing an agreement with Meihao Chuxing.
The Company will now buy an initial 2,000 electric ride-hailing vehicles from the joint venture between China’s BYD and Didi and Ideanomics expects deliveries to begin in the first half of next year.
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Mobile Energy Global (MEG) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.
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