China Announces a Three-Year-Blue-Sky-Action Plan to Accelerate the Adoption of Electric Vehicles. http://www.stoxline.com/quote.php?symbol=idex Shares jumped over 28%.
" ... an intrinsic value of $1.82/share." Ideanomics Analyst Report April 2020 Investment Highlights ▪ Leadership position and strong order pipeline in a large addressable market. China – IDEX’s first target market – will be home to 143 million electric vehicles (~57% of global stock) by 2030. This is ~62x the present stock of electric vehicles (2.3 million units) in China, suggesting that the market is poised for huge growth. IDEX also plans to grow outside China, first in ASEAN nations (starting with Malaysia) and then globally. The company has a strong position in the market, reflected in its $2 billion order pipeline in China, of which ~$600 million is likely to be converted into revenue in CY20. ▪ End-to-end service offering and value chain presence: IDEX is not only engaged in facilitating the procurement of commercial electric vehicles but also facilitates their financing, which is one of the hurdles for its target clients who lack financing options for EVs. IDEX also offers energy solutions to fleet operators by providing them pre-paid and fast charging solutions for EVs. This service not only boosts IDEX’s topline but also creates a recurring revenue stream for the company. ▪ Strong industry partnerships: IDEX has strategic partnership agreements with leading Chinese fleet operators such as iUnicorn, Yunnan Energy Investment Group, Golden Concord (GCL Group), Jiangsu Linghao Network Technology Co., Sichuan Shenwu Yunli Transportation Services Co., and Beijing Silk Road Rainbow Car Rental Group Co. These agreements provide IDEX a presence across key EV hubs in China and are the source of its ~$2 billion order pipeline. The company has also partnered with leading EV manufacturers and financing solutions providers to enable smooth order fulfilment, and with PetroChina to provide energy solutions to fleet operators. These partnerships strengthen IDEX’s execution capabilities and establish its presence across multiple segments, a key competitive advantage. ▪ Scale: IDEX has started operations in select provinces in China including Chengdu, Yunnan, Guanxi etc. This still leaves it with significant room for expansion within China. The company has also established its presence in Malaysia and has plans to gradually expand to other ASEAN markets and countries around the globe to set up the first-of-its kind financing and sourcing platform for commercial EVs. ▪ 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. https://www.intro-act.com/uploads/profile_documents/4913RQFIJLO2IDEX_IoC.pdf
Coronavirus: Schools start reopening in China's biggest cities https://finance.yahoo.com/news/coronavirus-schools-start-reopening-chinas-114001438.html Ideanomics CEO, Alf Poor, Discusses the Company's Role in China's EV Transition https://finance.yahoo.com/news/ideanomics-ceo-alf-poor-discusses-130000466.html
Coronavirus: Schools start reopening in China's biggest cities https://finance.yahoo.com/news/coronavirus-schools-start-reopening-chinas-114001438.html Ideanomics CEO, Alf Poor, Discusses the Company's Role in China's EV Transition https://finance.yahoo.com/news/ideanomics-ceo-alf-poor-discusses-130000466.html
Think Amazon for books (20 years ago), Etsy for handmades, 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. Investment Highlights ▪ Leadership position and strong order pipeline in a large addressable market. China – IDEX’s first target market – will be home to 143 million electric vehicles (~57% of global stock) by 2030. This is ~62x the present stock of electric vehicles (2.3 million units) in China, suggesting that the market is poised for huge growth. IDEX also plans to grow outside China, first in ASEAN nations (starting with Malaysia) and then globally. The company has a strong position in the market, reflected in its $2 billion order pipeline in China, of which ~$600 million is likely to be converted into revenue in CY20. ▪ End-to-end service offering and value chain presence: IDEX is not only engaged in facilitating the procurement of commercial electric vehicles but also facilitates their financing, which is one of the hurdles for its target clients who lack financing options for EVs. IDEX also offers energy solutions to fleet operators by providing them pre-paid and fast charging solutions for EVs. This service not only boosts IDEX’s topline but also creates a recurring revenue stream for the company. ▪ Strong industry partnerships: IDEX has strategic partnership agreements with leading Chinese fleet operators such as iUnicorn, Yunnan Energy Investment Group, Golden Concord (GCL Group), Jiangsu Linghao Network Technology Co., Sichuan Shenwu Yunli Transportation Services Co., and Beijing Silk Road Rainbow Car Rental Group Co. These agreements provide IDEX a prsence across key EV hubs in China and are the source of its ~$2 billion order pipeline. The company has also partnered with leading EV manufacturers and financing solutions providers to enable smooth order fulfilment, and with PetroChina to provide energy solutions to fleet operators. These partnerships strengthen IDEX’s execution capabilities and establish its presence across multiple segments, a key competitive advantage. ▪ Scale: IDEX has started operations in select provinces in China including Chengdu, Yunnan, Guanxi etc. This still leaves it with significant room for expansion within China. The company has also established its presence in Malaysia and has plans to gradually expand to other ASEAN markets and countries around the globe to set up the first-of-its kind financing and sourcing platform for commercial EVs. ▪ 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). _____________________________________________________________________________ Chinese billionaire Dr. Bruno Wu is the founder and an active Chairman of Ideanomics. (NASDAQ: IDEX). He is also the Chairman and CEO of Sun Seven Stars Investment Group. Dr. Wu is an experienced investor, technology and media entrepreneur, and philanthropist. He is leading the company’s growth in EV sector and the fin-tech initiatives in artificial Intelligence, blockchain technology and digital asset production and distribution. As Chairman and CEO of Seven Stars Investment Group, he leads capital operations, including investment banking advisory, financial investment and fund management businesses. Dr. Wu received his PhD from the School of International Relations and Public Affairs at Fudan University, his MA in International Relations, Washington University, and his BA in Business Management from Culver-Stockton College of Missouri. ___________________________________________________________________ Ideanomics CEO, Alf Poor, Discusses the Company's Role in China's EV Transition with The Stock Day Podcast https://finance.yahoo.com/news/ideanomics-ceo-alf-poor-discusses-130000466.html
Ideanomics Secured 35,000 EV Taxis Order NEW YORK, Ideanomics (NASDAQ: IDEX) announced that its Mobile Energy Global (MEG) division secured an order for 35,000 EV Taxis from Yunnan Energy Investment Group, which is a province-designated entity for clean energy transportation solutions. The order was signed as part of a broader cooperation with Yunnan Energy, which will start with EV taxis and develop into other vehicles' orders and also energy purchasing and charging. Delivery of the EV taxis will commence in 2020. China has been encouraging its provincial governments to adopt blue sky environmental regulations which support the adoption of clean energy vehicles, particularly those with high energy usage such as the commercial vehicle sector. http://www.ideanomics.com
NEWS - Ideanomics Finalizes Operational EV and Energy Business Units https://investors.ideanomics.com/20...izes-Operational-EV-and-Energy-Business-Units
$IDEX NEWS - Ideanomics Signs $113M Procurement and Financing Agreement for 100,000 EV Buses https://investors.ideanomics.com/20...enning-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). https://www.intro-act.com/uploads/p...EgbEyhBDUKtJiVsFeZkTX3_ZQ7QyyiZKpjHOjxDLfSEZ4
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 Qingdao and Beijing, China. http://www.ideanomics.com
This is good news for all EV related companies in China China to Accelerate the Adoption of Electric Vehicles NEW YORK, ----- Ideanomics Inc., (Nasdaq: IDEX) announced that the Chinese State Council issued a Three-Year Action Plan for the Battle of the Blue Sky accelerating the country's Blue Sky Plan originally unveiled in 2018. The 2018 Blue Sky Plan's centerpiece was the development of an ecofriendly transport system with higher fuel efficiency and lower emissions and included fines for pollution, carbon emissions and the contamination of water. The Three-Year-Action Plan includes agreements of 24 provinces and cities to accelerate the adoption of new energy vehicles. Ideanomics' Mobile Energy Global (MEG) group is already actively working with seven of the priority regions. Below are these regions' plans to promote conversion to electric vehicles (EVs). Inner Mongolia: Plan to promote the application (adoption) of 100,000 new energy vehicles throughout the region. Shandong Province: All buses will be replaced with new energy vehicles by the end of 2020. The broader target is for the number of clean energy vehicles to reach 500,000 in 2022. Jiangsu Province: Plans to promote the adoption of 250,000 clean energy vehicles. By the end of 2020, charging infrastructure to support 200,000 electric vehicles will be in place. Ideanomics' MEG is actively involved in this effort through its charging station initiative with PetroChina in Nanjing – a major city in Jiangsu province. Guangdong Province: By the end of 2020, new energy buses in Guangdong will account for more than 75% of all buses, and all Pearl River Delta cities will commence electrification adoption plans in 2020. Taxis in the Pearl River Delta are mandated to use new energy vehicles, of which pure electric vehicles will account for no less than 80% and increase by 5 percentage points year by year. Hainan Province: Electrification of the entire island by 2030. Hainan has introduced legislation banning the sale of fossil fuel vehicles by 2030, to ensure adoption of new energy vehicles within the island. Sichuan Province: Legislation has been passed to ban fossil fuel trucks in city centers. The city of Chengdu has assumed a leadership role in the promotion and application of new energy vehicles in the logistics and distribution industries. From 2017, Chengdu phased in the gradual reduction of fossil fuel cargo vehicles into the city over three years. Guangxi: The promotion of all new passenger cars as new energy vehicles. All passenger vehicles in national scenic spots and national tourist attractions must use new energy vehicles, through either replacement or conversion. Municipalities, enterprises, public institutions, sanitation, logistics, postal, and airport commuting areas are mandated to all procure only electric vehicles as fleet renewals occur. http://www.ideanomics.com
NEWS - Ideanomics Secures First Order for Qingdao EV Hub - 130 units SAIC EV Brand Roewe - For Immediate Q2 Delivery https://investors.ideanomics.com/2020-05-18-Ideanomics-MEG-Secures-First-Order-for-Qingdao-EV-Hub
I don't know if you're supposed to post this info, it's a AI-based subscription site, but from autonomyinvestment.com: 153% projection in 1-year.
"Target sales of 30,000 units, value approx. $ 562 Million" Ideanomics Signs Agreement with Smart Travel Technology Leader https://investors.ideanomics.com/20...th-Smart-Travel-Technology-Leader-Qinou-Group
EV industry in China is growing TESLA's new potential sales partner is now open for business in the port City of Qingdao with 1,000,000 sq ft EV center & EV HUB which will house partners ranging from EV manufacturers, EV battery manufacturers, energy storage, energy management, and EV charging solution providers, financial services, insurance companies, vehicle and license plate registration services. Ideanomics' EV Center Opens for Operations and Revenues https://investors.ideanomics.com/20...r-Operations-and-Revenues-to-Begin-This-Month
Consolidating on 25 M shares traded in last 3 days .... " Volume precedes Price" ..... Breakout coming ....?
Electric Cars Take the Spotlight in China’s Post-Coronavirus Stimulus Plans https://www.cnbc.com/2020/05/04/ele...n-chinas-post-coronavirus-stimulus-plans.html $IDEX Ideanomics' EV Center Opens for Operations and Revenues Ideanomics (NASDAQ: IDEX) CEO Alf Poor joined Steve Darling from Proactive with the news the company has 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
Trades Up on News Ideanomics Begins EV Taxi Deliveries in Guilin, Guanxi Province https://investors.ideanomics.com/20...-EV-Taxi-Deliveries-in-Guilin-Guanxi-Province
NEWS - Ideanomics' Sells 2,100 Vehicles at EV Center in May https://investors.ideanomics.com/2020-06-09-Over-2-100-Vehicles-Sold-at-Ideanomics-MEG-Center-in-May
