Green Car Stock Archives - Page 60 of 62

WednesdayMay 05, 2021 12:31 pm

Ideanomics Inc. (NASDAQ: IDEX) Should Benefit from Positive Outlooks for Both the EV and Fintech Markets

Projections by various research firms indicate that the electric vehicle (“EV”) and fintech markets will grow through the coming years The EV industry will witness a steady increase in the penetration of EVs in three key markets in which IDEX, through its Ideanomics Mobility division, operates The global fintech industry is projected to grow at a 23.58% CAGR from 2021 to 2025, while the US fintech market is estimated to witness a CAGR of 8.6% from 2019 through to 2024, and the Ideanomics Capital division focuses on fintech solutions A recent electric vehicle (“EV”) market publication by J.P. Morgan (NYSE:…

FridayApr 30, 2021 12:15 pm

Ideanomics’ (NASDAQ: IDEX) Treeletrik Subsidiary to Supply 200,000 E-Motorcycles to Indonesia, Setting Stage for Significant Expansion

Treeletrik, Ideanomics’ subsidiary, inked a $274 million three-year deal with two distributors to supply 200,000 e-motorbike units to Indonesia The deal will result in Treeletrik’s expansion, enabling Ideanomics to continue providing its shareholders with high-growth opportunities Indonesia, the third-largest motorcycle market in the world, is a promising market for e-motorbikes, as evidenced by the projected growth at a CAGR of ~21% from 2019 to 2025 The Indonesian electric motorbike market is expected to grow at a CAGR of 20.96% from 2019 to 2025, reaching $816.2 million from $364.4 million (https://ibn.fm/SBUHm) amid clamor around the high vehicular pollution and the need…

WednesdayApr 28, 2021 12:52 pm

Ideanomics, Inc. (NASDAQ: IDEX) Lets Light Shine on Eco-friendly Operations During Earth Week

New York-based Ideanomics Inc. is building key operations in across the world, aiming to promote the transition from gas-powered vehicles to electric vehicles The company’s sustainability efforts were recently recognized by the NASDAQ exchange when Ideanomics rang the closing bell at the end of Earth Week Ideanomics (NASDAQ: IDEX) received the honor of virtually ringing the NASDAQ closing bell to wrap up Earth Week on April 23, highlighting the company’s “mission … to drive the sustainability transformation globally” and ensure it is making a difference (https://ibn.fm/JrhdR). Ideanomics now has two primary divisions: Ideanomics Mobility, whose mission is driving EV adoption…

FridayApr 16, 2021 12:01 pm

Ideanomics, Inc. (NASDAQ: IDEX) Evolving the Vision to Lead EV Solutions Development

New York-based Ideanomics redefined its operations last year to synergistically create a global ecosystem focused on the growing potential of the electric vehicle market Ideanomics expects its developing revenue stream to largely depend on a Sales to Financing to Charging (S2F2C) business model based on vehicle and battery sales, financing and insurance services, and EV battery charging and related energy services Forecasts anticipate more than a million global commercial EV sales by 2023 and growth in the global EV charging infrastructure market at a CAGR of 33.4 percent from 2021 to 2028 Global commercial electric vehicle company Ideanomics (NASDAQ: IDEX)…

WednesdayApr 14, 2021 11:08 am

Ideanomics, Inc. (NASDAQ: IDEX) Releases 2020 Financial Results, Appoints Chief Revenue Officer to Help Drive Long-Term Growth

EV (electric vehicle) revenues amounted to $19.5 million in 2020, growing 600+ percent from $2.7 million in 2019 First sales of battery and charging systems also drove revenue in 2020 and are expected to continue growing this year following the acquisition of WAVE New Chief Revenue Officer Kristen Helsel has a proven track record in growing revenues in the automotive and energy management industries and will play an instrumental role in driving the company’s growth, performance and strategy Ideanomics (NASDAQ: IDEX), a global company focused on enabling the widespread adoption of commercial electric vehicles and associated energy consumption, finished 2020…

ThursdayApr 01, 2021 1:22 pm

Ideanomics, Inc. (NASDAQ: IDEX) Enters 2021 with Optimism Over Improving EV Market, Battery Outlook

Ideanomics is a New York-based global company driving the adoption of commercial electric vehicles CEO, Alf Poor noted at a conference last week that commercial EV adoption is advancing and that the char4ging infrastructure market is expected to grow at a CAGR of 33.4 percent between now and 2028 The U.S. Department of Energy has also declared that developing solutions for better and more cost-accessible EV batteries is a critical element of its mission As the electric vehicle market ramps up worldwide, EV owners are pushing for higher performance from the batteries that power their vehicles, which analysts in turn…

ThursdayMar 18, 2021 2:55 pm

Ideanomics, Inc. (NASDAQ: IDEX) Targets Global Markets Providing Shareholders with High-Growth Opportunities

Ideanomics raised $400 million in the last few months for growth and investment opportunities IDEX recently signed an agreement with Italian-based high-performance electric motorcycle company Energica, to acquire at least 20% of the company Company CEO Alf Poor to address a presentation on EV technology at the KraneShares’ Future of Green ETFs Summit Ideanomics (NASDAQ: IDEX) is a global company focused on EV and fintech businesses. Founded in 2004 and headquartered in New York, Ideanomics currently spans operations in United States, China, Ukraine, and Malaysia. After raising $400 million in the past few months, the company is looking for high-growth…

WednesdayMar 17, 2021 3:00 pm

FedEx Corp. (NYSE: FDX) Pledges to Deploy only EVs by 2040

With climate change and its long-term effects becoming more apparent, several countries around the world have set ambitious green energy targets. Electric vehicle (“EV”) startups such as Tesla and established automakers such as Toyota showed that zero-emission energy vehicles were a viable mode of transport, kicking off a mass shift from internal combustion engine (“ICE”) vehicles to battery electric vehicles (“BEVs”). Consequently, several companies have committed to replacing their fleets with EVs in a bid to reduce their carbon footprint. FedEx (NYSE: FDX) is the latest company to announce that it will swap its gas-powered vehicles for zero-emission electric vehicles.…

MondayMar 15, 2021 2:32 pm

Ideanomics Inc. (NASDAQ: IDEX) Expands Global EV Footprint with Energica Investment, CALSTART Membership

The acquisition of 20% of Energica Motor Company S.p.A. compliments majority-owned Treeletrik’s business in the ASEAN market and continued investment in European-based OEM CALSTART will assist in growing Ideanomics’ wholly-owned subsidiaries – enhancing national and global programs Ideanomics Mobility is a part of a global commercial EV market expected to surpass $132 billion by 2022 Ideanomics (NASDAQ: IDEX), a global company that is facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, recently announced that it had acquired 20% of Energica Motor Company S.p.A. (“Energica”) for a consideration of $13.2 million. Energica develops 100%…

WednesdayMar 10, 2021 2:15 pm

Retired EV Batteries Find New Uses on Farms, in Factories

Unlike conventional gas-powered vehicles that run on an internal combustion engine (“ICE”), electric vehicles (“EVs”) are powered by rechargeable lithium-ion battery packs. EV battery technology is still relatively new, and battery makers, as well as EV firms, are working to develop designs that are cheaper, more energy dense and last longer. However, rechargeable EV batteries will degrade over time and after ten or 20 years, most EV owners have to replace the battery pack. So where do these used batteries go? They usually still maintain around 70–80% of their original capacity at this point. Although this isn’t enough to power…

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