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Ideanomics Inc. - Nasdaq: IDEX

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NEWS - Ideanomics' (Nasdaq: IDEX) Mobile Energy Group Sales Receives $7.2M US.




NASDAQ: IDEX - Ideanomics


Capitalizing on the Electric Vehicle Revolution


"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"



Key Investment Highlights



  • EV World Market Growth CAGR of 25.6%
  • Institutional Ownership
  • Stock Trades Below Book Value
  • Doing Business In the Largest Market in the World
  • Strong Experienced Management
  • 2020 Exponential Growth


Overview


Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.


Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).


Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.


MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.


Called the "Amazon Platform" for EV with end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.


Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.


In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.


In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.


MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.


In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.


Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.


The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.





Share Structure Sept 30, 2019

Market Cap $88,849,138

Outstanding Shares 162,076,044

Restricted Shares 74,424,144

Unrestricted Shares 87,651,900

52 Week Hi-lo $2.84-$0.43




Assets - $164,763,676

Revenues - $ 43,286,378




Institutional Ownership: BlackRock, Vanguard, State Street, Fidelity,

Charles Schwab, Barclay's Capital





http://www.ideanomics.com/
 
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NEWS - Ideanomics Provides Updates on Subsidiary Treeletrik, Plans IPO


https://investors.ideanomics.com/20...es-Updates-on-Treeletrik-Subsidiary-plans-IPO

EV Scooter.png EV Scooter.png EV Scooter.png EV Scooter.png EV Scooter.png
 
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NEWS - 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/c...war-chest--for-ev-fleet-financing-917078.html





2020 Press Releases Summary


Apr 6, 2020
Reported Qingdao City Construction Investment Entered into Strategic Cooperation Agreement with Sun Seven Stars Investment to Raise Funds for Lease Finance of Ideanomics EV Sales
-- Qingdao City Construction Investment Group signs up to RMB 50 Billion (approximately USD $7 Billion) fund to finance investments in Shandong Province

Apr 1, 2020
Announced Operations Back to Normal; Announces More EV Sales
- Orders total approximately RMB 57.8 Million or $8.1 Million USD

Mar 31, 2020
Reported China Extended New Energy Vehicle Purchase Subsidies and Purchase Tax Exemption Policy for Two Years
- EV Automotive industry to benefit from favorable policies in China stimulus package

Mar 27, 2020
Announced the Formation of Business Entities to Capitalize on China's RMB 24 trillion ($3.4 trillion) "New Infrastructure" Investments
- MEG's New Energy Vehicles has formed a strategic cooperation with CATL, Beiben Trucks Group Co., Ltd., Chery Automobile Group, CEMI Group, iUnicorn (Shenma Zhuanche)

Mar 23, 2020
Announced Strategic Agreement with Leading EV Heavy Truck and Bus Manufacturer, BeiBen Heavy Truck
- Deal will facilitate electric heavy-duty truck sales in China, starting with Inner Mongolia mines and the port of Qingdao

Mar 20, 2020
Announced May 1st Operational Opening of Qingdao EV Hub
- Center will be branded as Mobile Energy Group Center

Mar 16, 2020
Announced Order from Beijing Silk Road Rainbow Car Rental
- Order totals approximately 4Billion RMB, or $575 Million USD

Mar 16, 2020
Announced Order from Sichuan Shenwu Yunli Transportation
- Order totals approximately 1.5Billion RMB, or $215 Million USD

Mar 12, 2020
Announced Multiple Orders from Zhitong 3000
- Order totals approximately 1.8Billion RMB, or $250 Million USD

Mar 3, 2020
Announced Sales Subsidiary to open 100,000 square meters facility in the City Qingdao
- Flagship sales center for both new and used commercial and passenger Electric Vehicles

Jan 28, 2020
Announced Subsidiary Receives Investment from Qingdao City at 2 Billion RMB valuation
- Initial investment received is ¥50 Million RMB (approx. $7.2M US)
 
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NEWS - Ideanomics Signs $113M Procurement and Financing Agreement for 100,000 EV Buses

https://investors.ideanomics.com/2020-05-07-Ideanomics-MEG-Signs-Agreement-with-Beijing-Xenning-Green-for-EV-Procurement-and-Financing





“We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share.”


Strong fundamentals and cheap valuation make a compelling investment case. We expect IDEX’s topline to climb from $39 million in CY20 (back-half ended) to $89 million in CY22. Gross margin will remain stable around ~95% while EBITDA margin is likely to expand from ~23% in CY20 to ~32% in CY22 as the company benefits from economies of scale. More importantly, IDEX will generate positive FCF starting this year and its RoE will reach 28% by CY22. We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share.

Source: Intro-Act Analyst Report April 20,2020

Copyright: Copyright 2019 Intro-act, LLC (Intro-act).

EV.jpg
 
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Think Amazon for books (20 years ago), Etsy for hand mades, Airbnb for unique getaways, IDEX is the defacto service provider for commercial electronic vehicles.

Ideanomics Inc. - Nasdaq: IDEX — Leader of the Commercial Electric Vehicle (EV) Financing Market. IDEX is set to emerge as a leading global player in the commercial segment for the electric vehicle market, offering a broad range of services to fleet operators, including lease financing, group procurement and rebates administration. After facilitating adoption of commercial electric vehicles, IDEX intends to generate annuity revenue by offering energy management services for the vehicles. Its strong partnerships with fleet operators, vehicle manufacturers, lease financing companies, and energy operators provide it a solid platform to become a global leader in this market.


Overall, given the large addressable market, IDEX’s strong competitive position, robust and growing order book, strong management team, and the impending inflection in its financial profile starting 2020, we believe that the Street is undervaluing the stock and expect it to re-rate as business goals are achieved” Analyst Report - April 20, 2020 - Intro-Act LLC


Strong fundamentals and cheap valuation make a compelling investment case. We expect IDEX’s topline to climb from $39 million in CY20 (back-half ended) to $89 million in CY22. Gross margin will remain stable around ~95% while EBITDA margin is likely to expand from ~23% in CY20 to ~32% in CY22 as the company benefits from economies of scale. More importantly, IDEX will generate positive FCF starting this year and its RoE will reach 28% by CY22. We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share.




Source: Intro-Act Analyst Report April 20,2020

Copyright: Copyright 2019 Intro-act, LLC (Intro-act).



https://www.intro-act.com/uploads/p...EgbEyhBDUKtJiVsFeZkTX3_ZQ7QyyiZKpjHOjxDLfSEZ4
 
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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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Ideanomics (NASDAQ: IDEX) CEO Alf Poor joined Steve Darling from Proactive with the news the company has finally opened the largest auto trading market in Qingdao at MEG's Qingdao EV hub.

Poor discusses why they decided to build this superstore and also why this location is perfect to service other Electric Vehicle markets as well.

http://ow.ly/71Hx50zSPqW
 
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Alf Poor, CEO of Ideanomics (IDEX), Discusses Chinese EV Market & AI-Powered Fintech on CEO Roadshow



 
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