NEW YORK, June 26, 2020 / PRNewswire / – Ideanomic (NASDAQ: IDEX) (“Ideanomics” or the “Company”) announces that its Qingdao Sales Center will be officially renamed at the MEG Center for 1st of July. It has been managed by the joint venture (JV) called Ai Neng Ju with Fu Da Automobile Trading Center (Fu Da) (51% owned by MEG). The JV registration was completed on April 13, 2020. Fu Da has been operational since 2018 and provided photos of his 20,000-square-meter property within the Center.
Jing Qingdao Certificate
Ideanomics contacted a source cited by Hindenburg, Chen Xiandeng, a new junior sales manager at Fu Da. Hindenburg approached Mr. Chen under the false pretense of being a recurring potential customer. When Hindenburg asked Mr. Chen if he knew about Ideanomics or MEG, he replied that he was aware of the joint venture, but was not aware of the details. Mr. Chen also explained to Hindenburg that his responsibility is to sell cars and that this information is reserved for company executives. Chen refutes Hindenburg’s claims that he said he had never heard of Ideanomics or MEG.
From May 1Ideanomics’ JV has resumed leasing the property, including the Fu Da business, and will add electric vehicle (EV) financing and sales services. Since that time, Ideanomics has renovated and reconditioned the Fu Da property after the reopening of COVID-19.
Along with the transfer of the Center’s lease, MEG’s JV retained Fu Da’s staff, including Yan Qiang, who has served as Fu Da’s General Manager from its inception. He will continue to be General Manager of the new brand MEG Center that will expand to 40,000 square meters and eventually 100,000 square meters. This expansion will include sales of commercial and passenger electric vehicles and related services.
About ideanomic
Ideanomic 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) offers group purchase 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 AI and blockchain-powered financial services solutions. MEG and Ideanomics Capital provide our global clients and partners with better efficiencies and technologies and greater access to global markets.
The company is based in New York, NYand it has offices in Beijing and Qingdao, China.
Safe Harbor Statement
This press release contains certain statements that may include “forward-looking statements”. All statements other than statements of historical fact included in this document are “forward-looking statements”. These forward-looking statements are often identified through the use of forward-looking terminology such as “believe”, “expect” or similar expressions, involve known and unknown risks and uncertainties, and include statements about our intention to make our business model become a company of next-generation financial technology, our business strategy and planned product offerings, our intention to phase out our oil and consumer electronics trading businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may be incorrect. You should not place undue reliance on these forward-looking statements, which only refer to the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strive for our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior managers; competitive pressure; our international operations; and other risks and uncertainties disclosed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of the Financial Position and Results of Operations” on our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC’s website at www.sec.gov. All forward-looking statements attributable to the Company or the persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required by the securities laws, the Company does not undertake to update these forward-looking statements.
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Tony Sklar, Vice President of Communications
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E-mail: [email protected]
SOURCE Ideanomic
related links
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