Hu will lead the Medici Research Institute and manage a fuel cell research and development team in China, the New York-based company told shareholders.
With extensive experience in developing and applying fuel cell technology in industrial settings, Hu completed his postdoctoral research in China before working for Ballard Systems in Canada.
Prior to joining Medici, Hu and his team designed and developed fuel cells for over 30 major projects on a national level in China.
"We are very excited to announce the hire of a distinguished executive to lead Medici Motor Works research and development institute," Ideanomics CEO Alf Poor said in a statement.
"As well as bringing us access to fuel cell technology, the establishment of the Medici Research Institute will ensure that Medici Motor Works stays at the forefront of hydrogen fuel cell and battery electric vehicle innovation."
Work at the Research Institute will focus on the main components of fuel cell membrane electrodes, bipolar plates, stacks, hydrogen supply systems, heat dissipation systems, fuel cell engines, and vehicle layout design and integration, all of which have independent intellectual property rights, according to Ideanomics.
Products range from several hundred watts to 120 kilowatts and will be applied vehicles and vehicular products under various scenarios such as ships, backup power sources, and combined heat and power supply, the company told investors.
Ideanomics facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, electric vehicle batteries and electricity, as well as financing and charging solutions.
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