InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Subsidiary Announced new B2B contracts for Electric Tractors
Oct 4, 2022
Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, and its subsidiary, Solectrac, announced new business-to-business (“B2B”) contracts with major fleet operators to supply electric tractors. Specifically, the company noted that Solectrac has delivered 17 powerful, zero-emission and quiet e25 tractors to the University of California Agriculture and Natural Resources and a leading private sector plant nursery. In addition to these contracts, Solectrac is involved in other high-value opportunities to supply EV tractors to leading agricultural companies, working directly with potential customers as well as collaborating with Solectrac dealers. The company noted that Solectrac is planning to introduce a new model in 2023, with Ideanomics investing in new facilities and pursuing partnerships designed to expand and grow the company’s manufacturing, assembly and distribution capabilities. “Our sustained investment to grow the Solectrac brand means that right now we are uniquely positioned to meet the big orders for electric tractors from large fleet operators,” said Ideanomics Mobility president Robin Mackie in the press release. “This is an important, new revenue stream for us, building on the strong value already coming from the fast-growing Solectrac dealer network.”
To view the full press release, visit https://ibn.fm/8u7kw
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financial solutions under one roof, the company is the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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