NEW YORK, June 26, 2020 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce that its Mobile Energy Global (MEG) subsidiary, Qingdao Ai Neng Ju New Energy Sales Company Ltd, based at its Qingdao EV hub has completed its order for Tianjin Zhongcheng Jiaye Automobile Trading Co., Ltd. (Tianjin Zhongcheng), which was recently announced on June 19, 2020.
In addition to the physical vehicle delivery, the financing, licensing, insurance, and vehicle registration plate administration are all complete. This allows for the issuance of PRC tax invoices, which can only be issued when an order is complete in its entirety. MEG has issued a tax invoice to Tianjin Zhongcheng finalizing the completion of this order.
As a recap, the order is for a total of 42 vehicles valued at RMB 31 Million, or USD 4.4 Million, or approximately USD 100,000 per vehicle. The order was fulfilled with Toyota Land Cruiser models and delivery was completed in the past few days. Images included in the press release are examples of the tax remittances with the bank account numbers redacted. The VIN numbers for all 42 vehicles are:
JTMHV01J4L5051276, JTMHV01J7K4282046, JTMHV01J7K5046328, JTMHV01J7K5047446, JTMHV01J7K5047835, JTMHV01J8K5047455, JTMHV01J8K5047536, JTMHV01J9K4285157, JTMHV01J9K5046377, JTMHV01J9K5046413, JTMHV01J9K5048503, JTMHV01JXK5046713, JTMHV01JXK5047473, JTMHV01JXK5048591, JTMHV01J6K5048507, JTMHV01J7K5048449, JTMHV01J7K5048533, JTMHV01J7K5048564, JTMHV01J0K4283720, JTMHV01J0K5045148, JTMHV01J0K5045599, JTMHV01J0K5046266, JTMHV01J0K5047031, JTMHV01J1K4281314, JTMHV01J1K4285511, JTMHV01J1K5045532, JTMHV01J1K5046759, JTMHV01J1K5047362, JTMHV01J1K5048446, JTMHV01J2K4281189, JTMHV01J2K5045426, JTMHV01J2K5046219, JTMHV01J2K5046902, JTMHV01J3K4286188, JTMHV01J3K4289088, JTMHV01J3K5044124, JTMHV01J9K5048386, JTMHV01JXK5045321,JTMHV01JXK5046324, JTMHV01J8K4288311, JTMHV01J9K5048436, JTMHV01J9K5048534
Of the purchased orders announced last month, most have secured financing and commenced delivery. These orders are expected to be fulfilled over the next two weeks, and Ideanomics will release updates accordingly.
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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