NewsRoom Articles - Page 59 of 62

FridayJul 09, 2021 11:19 am

Ideanomics Inc. (NASDAQ: IDEX) EV Tractor Subsidiary Names CEO as EV Market Continues Global Growth, Evolution

Zero-emissions electric tractor manufacturer Solectrac recently announced that agriculture and construction industry veteran Mani Iyer will succeed the company’s founder as CEO as Solectrac enters an anticipated period of new growth Solectrac is a subsidiary of clean energy-focused company Ideanomics Inc., which announced its 100 percent acquisition of the EV tractor manufacturer and distributor last month The electric vehicle (“EV”) market continues its push toward maturity as many of the world’s governments struggle to enact systemic change to their energy policies as a response to persistent concerns about the global climate (https://ibn.fm/9iw8G). New York-based EV company Ideanomics (NASDAQ: IDEX) is…

WednesdayJul 07, 2021 10:46 am

Ideanomics Inc.’s (NASDAQ: IDEX) Dr. Abas Goodarzi Feted for Contributions to the Advancement of Electric Powertrains for Medium and Heavy-Duty Vehicles

Ideanomics Chief Scientist and CEO of US Hybrid Dr. Abas Goodarzi recently received the 2021 IEEE PELS Vehicle and Transportation System Achievement Award for his contributions to the advancement of electric powertrains for medium and heavy-duty vehicles Dr. Abas is a 38-year veteran in the electric, hybrid, and fuel cell industries Prior to his role at Ideanomics, he had worked as an Associate professor at California State University, San Francisco, and later as a Technical Director at General Motors and Senior Scientist at Hughes Aircraft Company Ideanomics (NASDAQ: IDEX) recently announced that its Chief Scientist and US Hybrid CEO, Dr.…

FridayJul 02, 2021 9:47 am

Ideanomics Inc. (NASDAQ: IDEX) Boosts EV Tractor Acquisition to 100 Percent, Anticipating Growing Potential for Environmental Awareness in Agriculture Industry

Despite the worldwide economic difficulties imposed by the pandemic during the past year, new efforts at electric vehicle adoption are on the rise Ideanomics recently announced 100 percent acquisition of EV tractor manufacturer and distributor Solectrac Inc., which will grant it premium positioning in the agriculture industry’s growing interest in zero-emissions vehicles Ideanomics is also celebrating the launch of Technology Metals Market (“TM2”) trading using Nasdaq's cloud-deployed matching technology for real-time pricing Consumer interest in reducing the harmful effects of pollutants on the earth’s climate globally has led to a resurgence of electric-driven automotive technology in the world’s marketplace for…

FridayJun 25, 2021 1:16 pm

DSG Global Inc. (DSGT), Subsidiary IMC Unveil Array of New EVs at Experience Center Grand Opening Event

Quality, value, diversity hallmarks of EV grand opening event. IMC has existing inventory already on hand, doesn’t require substantial amount of capital before seeing profitability. Company offers affordable vehicles with emphasis on great design, a green mindset, performance and functionality. DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors, and subsidiary Imperium Motor Company (“IMC”) unveiled more than two dozen electric-powered vehicles at the grand opening of the Imperium Motors Experience Center in Fairfield, California (https://ibn.fm/BGwLh). Held June 18–19, the grand opening event included interviews, press coverage,…

TuesdayJun 22, 2021 11:58 am

Ideanomics Inc. (NASDAQ: IDEX) Completes the Acquisition of US Hybrid Marking Entry into Burgeoning EV Powertrain Market

Ideanomics completed the acquisition of US Hybrid, a manufacturer and distributor of electric powertrain parts and fuel cell engines for medium and heavy-duty vehicles IDEX paid an aggregate purchase price of $50 million in cash and stock considerations The acquisition marked IDEX’s entry into the burgeoning EV powertrain market, which is expected to grow at a CAGR of 16% from 2020 to 2027 The growth is due to several favorable factors that also bode well for the operations of IDEX and US Hybrid Ideanomics also announced that US Hybrid had received orders from Global Environment Products (“GEP”) for a fleet…

FridayJun 18, 2021 1:35 pm

DSG Global Inc. (DSGT) Receives Contracts Totaling $987,900 from New Golf Courses in US, Singapore

DSGT selected as fleet-management solution provider for new golf courses. Contracts include servicing and maintenance fees, which provide ongoing continuous monthly revenue. CEO reports continued sales records, progress in Vantage Tag and Imperium Motors divisions. DSG Global (OTCQB: DSGT), an emerging global technology company with an array of interconnecting businesses in some of the fastest-growing market sectors, and its Vantage Tag System (“VTS”) have been selected as the fleet-management solution provider for 15 new golf courses (https://ibn.fm/jvVhm). The contracts for the courses, which are located in the United States and abroad, total almost $988,000 and provide an ongoing revenue stream…

WednesdayJun 16, 2021 9:00 am

DSG Global Inc. (DSGT) Is ‘One to Watch’

The DSG Global management team has more than a century of combined experience in all aspects of the North American automotive industry, as well as more than 50 years in the design and manufacture of wireless, GPS and fleet tracking solutions DSG Global subsidiary VTS finalized nearly $1 million in contracts to install and maintain VTS Fleet Management products in Q2 2021 at 15 golf courses in the U.S. and Singapore IMC is introducing the Terra-E Truck, Electric powered RVs, Skywell Buses, Rumble/Rover E-bikes, Skywell D-11 cargo and passenger vans and the Skywell K-15 box truck, increasing the company’s product…

TuesdayJun 08, 2021 9:15 am

2021 Expectations Rise for Ideanomics Inc. (NASDAQ: IDEX) as Electric Vehicle and FinTech Products Show Gains

ROTH Capital’s analyst recently delivered an outlook for revenues of $129 million in 2021, an increase of 119 percent for Ideanomics The company reported revenues of $32.7 million with a gross profit margin of 33.1 percent for the first quarter, boosted largely by its recently acquired fintech subsidiary Timios Holdings A covering analyst’s recent forecast for significant improvement in Ideanomics’ (NASDAQ: IDEX) sustainable energy business outlook, as well as other positive market indicators, appear to portend optimism for the company’s approach to concerns about energy consumption and global living standards. The forecast is for revenues of $129 million this year,…

TuesdayMay 25, 2021 11:17 am

Ideanomics Inc. (NASDAQ: IDEX) Releases Q1 2021 Results Reflecting Impressive Quarter-over-Quarter Transformation; Inks Definitive Agreement to Purchase 100% of US Hybrid

Ideanomics recently reported $32.7 million in revenue and $10.8 million in gross profit for the three months ending March 31, 2021 These Q1 2021 results represented a sharp increase compared to Q1 2020 results Ideanomics announced it has reached a definitive agreement to purchase 100% of US Hybrid The acquisition is set to bring synergistic benefits to both US Hybrid and Ideanomics Mobility companies Established in 1999, US Hybrid designs, manufactures, and markets electric powertrain components On Monday, May 17, Ideanomics (NASDAQ: IDEX) released its Q1 2021 financials for the three months ending March 31, 2021. In what CEO Alf…

MondayMay 17, 2021 9:00 am

Ideanomics Inc. (NASDAQ: IDEX) Capitalizing on Growing Commercial EV and Real Estate Segments

The increased driving range and expansion of charging outlets are expected to trigger widespread adoption of EVs, including commercial EVs The commercial EV segment is projected to grow at a 41.1% CAGR from 2020-2028 and is likely to influence the purchase of other types of EVs, further benefiting Ideanomics’ Mobility division Ideanomics Capital division, through wholly owned subsidiary Timios, is set to benefit from the pandemic-driven growth currently being witnessed in the housing market The global electric commercial vehicle market is expected to grow at a CAGR of 41.1% from 2020 to 2028, reaching a little over 2 million units…

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