Ideanomics MEG Announces a 400 Unit EV Order from Jiudao Group

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce that its subsidiary Mobile Energy Global (MEG) has secured an order from Jiangsu Journey Network Technology Co., Ltd (Jiudao Group) for electric logistic vehicles. Operating in over 100 cities in China, Jiudao Group is a new energy transportation services provider offering passenger and commercial electric vehicle (EV) rentals and EV charging solutions with an integrated payment platform.

The order is for a total of 400 EVs and valued at RMB 36 Million, or USD 5.1 Million. It will be fulfilled with Aoxin X30L models and, subject to final negotiations with manufacturers, financing, government licensing, etc., delivery of EVs to Jiudao Group is expected to be completed by the end of June.

SOURCE Ideanomics