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Electric Vehicles, the Investment Ecosystem
Nopoo
post Posted: May 20 2020, 02:17 PM
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In Reply To: Nopoo's post @ May 15 2020, 01:35 AM

NEWS RELEASE

Ideanomics Secures First Order for Qingdao EV Hub

130 units SAIC EV Brand Roewe - For Immediate Q2 Delivery



NEW YORK -- Ideanomics' (NASDAQ: IDEX), Mobile Energy Global (MEG) division announced its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd has secured its first EV order from a Hangzhou-based customer for 130 EV units from SAIC's Roewe brand.

The order value is approximately RMB 17.5 Million (approx. USD 2.5 Million), and is comprised of 80 units of Roewe's 2019 model ei6 Honor 80 Deluxe Edition, 20 units of its 2020 EX5 vehicle, and 30 units of its ei5 2020 Deluxe Edition. The order is for immediate delivery and anticipated to be completed within the second quarter. Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd assisted with financing and purchase activities on behalf of its customer.


"We are very pleased to have secured this first meaningful order for our Qingdao center, particularly as the customer required financing assistance with its EV orders," said Alf Poor, CEO of Ideanomics. "Our MEG team was able to fulfill this quickly and efficiently, through our Qingdao subsidiary, getting the customer the terms they needed. This type of order is precisely why we developed our S2F2C model, and we're delighted our Qingdao activities are underway."

About Ideanomics


Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its 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. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.


The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.



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Nopoo
 
Nopoo
post Posted: May 15 2020, 01:35 AM
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In Reply To: nipper's post @ Mar 27 2020, 04:36 PM

China Announces a Three-Year-Blue-Sky-Action Plan to Accelerate the Adoption of Electric Vehicles


24 provinces and cities commit to aggressive roll out of electric vehicles
MEG is actively working with regional governments in 7 of the 24 regions
MEG to benefit from regions' fast-tracked plans for EVs and charging stations

NEW YORK, Ideanomics, (NASDAQ: IDEX) announced that the Chinese State Council issued a Three-Year Action Plan for the Battle of the Blue Sky accelerating the country's Blue Sky Plan originally unveiled in 2018. The 2018 Blue Sky Plan's centerpiece was the development of an ecofriendly transport system with higher fuel efficiency and lower emissions and included fines for pollution, carbon emissions and the contamination of water. The Three-Year-Action Plan includes agreements of 24 provinces and cities to accelerate the adoption of new energy vehicles. Ideanomics' Mobile Energy Global (MEG) group is already actively working with seven of the priority regions. Below are these regions' plans to promote conversion to electric vehicles (EVs).


Inner Mongolia: Plan to promote the application (adoption) of 100,000 new energy vehicles throughout the region.

Shandong Province: All buses will be replaced with new energy vehicles by the end of 2020. The broader target is for the number of clean energy vehicles to reach 500,000 in 2022.

Jiangsu Province: Plans to promote the adoption of 250,000 clean energy vehicles. By the end of 2020, charging infrastructure to support 200,000 electric vehicles will be in place. Ideanomics' MEG is actively involved in this effort through its charging station initiative with PetroChina in Nanjing – a major city in Jiangsu province.

Guangdong Province: By the end of 2020, new energy buses in Guangdong will account for more than 75% of all buses, and all Pearl River Delta cities will commence electrification adoption plans in 2020. Taxis in the Pearl River Delta are mandated to use new energy vehicles, of which pure electric vehicles will account for no less than 80% and increase by 5 percentage points year by year.

Hainan Province: Electrification of the entire island by 2030. Hainan has introduced legislation banning the sale of fossil fuel vehicles by 2030, to ensure adoption of new energy vehicles within the island.

Sichuan Province: Legislation has been passed to ban fossil fuel trucks in city centers. The city of Chengdu has assumed a leadership role in the promotion and application of new energy vehicles in the logistics and distribution industries. From 2017, Chengdu phased in the gradual reduction of fossil fuel cargo vehicles into the city over three years.

Guangxi: The promotion of all new passenger cars as new energy vehicles. All passenger vehicles in national scenic spots and national tourist attractions must use new energy vehicles, through either replacement or conversion. Municipalities, enterprises, public institutions, sanitation, logistics, postal, and airport commuting areas are mandated to all procure only electric vehicles as fleet renewals occur.

MEG has established relationships with the country's leading manufacturers enabling it to meet the rapidly increasing demand for commercial EVs. Additionally, it has established a consortium of financial partners to allow fleet operators to secure these large purchases. The Plan to fast-track conversion to EVs will highlight MEG's strengths and further solidify its positing as a critical facilitator in the EV ecosystem.



About Ideanomics

Ideanomics (Nasdaq:IDEX) is a global company focused on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.

The company is headquartered in New York, NY, and has offices in Beijing, China.

http://www.ideanomics.com

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Ideanomics Inc. - Investor Video Update

https://www.youtube.com/watch?v=QrQvWAx9Uiw...eature=youtu.be





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Nopoo

Said 'Thanks' for this post: triage  lgrif  
 
Nopoo
post Posted: Apr 12 2020, 02:06 PM
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In Reply To: Nopoo's post @ Apr 2 2020, 02:35 PM

Ideanomics To Monetize EV Energy Sales


NEW YORK, April 7, 2020 -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), is pleased to announce that MEG 's energy sales unit has deployed a pilot platform in Nanjing, China which will focus on streamlining the operational aspects of EV energy sales and consumption and will serve as a blueprint to a broader roll-out in both Nanjing, and across other major cities in China.



https://investors.ideanomics.com/


Ideanomics Inc (NASDAQ:IDEX) CEO Alf Poor tells Proactive Investor 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.

https://ca.proactiveinvestors.com/companies...ing-917078.html




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Nopoo
 
Nopoo
post Posted: Apr 2 2020, 02:35 PM
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Ideanomics Announces Operations Back to Normal; Announces $8.1 Million in EV Orders


https://investors.ideanomics.com/2020-04-01...als-in-48-hours




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Nopoo
 
Nopoo
post Posted: Apr 1 2020, 03:00 PM
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Good news for EV sector in China, should help with the global economy and environment.

NEWS - $IDEX - China Extends New Energy Vehicle Purchase Subsidies and Purchase Tax Exemption Policy for Two Years




https://investors.ideanomics.com/2020-03-31...y-for-Two-Years







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Nopoo
 
nipper
post Posted: Mar 27 2020, 04:36 PM
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The uncertain future for China's electric car makers
https://www.bbc.com/news/business-51711019

QUOTE
Over the last three years the number of Chinese electric vehicle manufacturers has tripled, with more than 400 registered nationwide. But that breakneck expansion alarmed the government. Last year it decided to put the brakes on by withdrawing approximately half of its financial incentives for buyers. A slump in sales quickly followed, in the last quarter of 2019 sales for electric vehicles plummeted.

Now the coronavirus has supplied a second punch.

Manufacturers have been forced to halt production lines and close dealerships in a bid to stop the spread of virus. Overall auto sales in plunged 79% in February compared with the same month in 2019, according to figures from the China Association of Automobile Manufacturers. Sales of new energy vehicles (NEVs) fell for the eighth month in a row.


QUOTE
"Chinese auto and battery technology is still not world-class. CATL and BYD are strong battery makers, but they are still somewhat behind technologically from their South Korean and Japanese counterparts. And Chinese automakers are still second-class producers even in their own country and they have barely any sales outside China,"





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

Featured Stock Stories





Nopoo
post Posted: Mar 14 2020, 03:34 PM
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Nasdaq:IDEX - Ideanomics Announces $250 Million USD Worth of Electric Vehicle Orders



https://investors.ideanomics.com/2020-03-12...om-Zhitong-3000




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Nopoo
 
nipper
post Posted: Feb 20 2020, 10:57 PM
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Battery Configs:
Tesla’s China surprise big blow for cobalt, nickel price bulls
https://www.mining.com/teslas-china-surpris...el-price-bulls/

QUOTE
...the world’s largest electric carmaker is shifting some production of its most popular model away from batteries that contain nickel and cobalt.

In a surprise move, China’s top battery manufacturer CATL will supply Tesla with lithium iron phosphate (LFP) batteries for its Model 3 production at its newly built $2 billion factory outside Shanghai.

The Model 3 is Tesla’s most popular, and the US-made version uses the company’s nickel-cobalt-aluminum (NCA) cathode chemistry. Most other automakers favour nickel-cobalt-manganese (NCM) cathode chemistries.

LFP batteries are cheaper than batteries using NCA and NCM chemistries but lack the energy density, reducing driving range. LFP batteries power almost the entire electric bus fleet in China and are popular for smaller city runabout vehicles where range is not an issue,...




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 6 2020, 10:10 AM
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In Reply To: mullokintyre's post @ Feb 6 2020, 09:54 AM

Yes, agree. My son's now in my house (long story), he's asked if panels can go on the roof specifically for charging his bike batteries.

Sure, I said, just get the ACT govt to let you cut down the neighbour's gum tree that overshadows us.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Feb 6 2020, 09:54 AM
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In Reply To: nipper's post @ Feb 6 2020, 09:31 AM

At least they say its going to be planned.
Before they roll out of large numbers of electric vehicles, they have to sort out the charging problems first,
Scalability is the big issue, as our distribution networks were never designed for fastcharging of batteries on a macro scale.
If ever there was a primary use for localised solar or wind generators, electric charging stations have got to be the primary goal.
Short run DC generation and charging rather than running massive inverters to convert AC to DC for charging.
The high current draw required to charge vehicles will put a big strain on AC networks.
Households should not be allowed to run EV chargers unless they have solar rooftop systems with battery backup storage would be a good start.
Mick



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