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Ideanomics says MEG division delivers 151 vehicles in November

All of these deliveries which were vehicles for the taxi and ride-hailing business segment

Ideanomics Inc -
The company's MEG business is focused on the adoption of electric vehicles by commercial fleet operators

Ideanomics Inc (NASDAQ:IDEX) updated Tuesday on sales activity last month at its Mobile Energy Global (MEG) division, saying a total of 151 vehicles were delivered in November.

All of these deliveries which were vehicles for the taxi/ride-hailing business segment, it said in a statement.

READ: Ideanomics says subsidiary Tree Technologies hires former Volkswagen director Richard Teoh as CFO

"A remaining 205 units, invoiced during the period from July through November 2020, are still pending expected delivery. This month's activities also include the delivery of one charging system and 13 CATL battery systems which are part of an ongoing order for converting diesel-powered buses to battery electric vehicles (BEVs)," the group added in the brief stock market statement.

The firm's MEG business is focused on the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing. It also offers energy management solutions under a sales to financing to charging (S2F2C) business model.

Ideanomics is headquartered in New York City with offices in Beijing, Hangzhou, and Qingdao, and operations in the US, China, Ukraine, and Malaysia.

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Price: 3.18 USD

NASDAQ:IDEX
Market: NASDAQ
Market Cap: $883.33 m
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