Ideanomics, Inc., a Nevada corporation headquartered in New York City, operates through subsidiaries and joint ventures in the U.S., China and Southeast Asia in two business units. Mobile Energy Group (MEG) focuses on the large-scale adoption of commercial electric vehicles and their energy use, and Ideanomics Capital develops financial technology products and services. After discovering the EV opportunity in late 2018, the Company exited earlier lines of business, including premium video-on-demand and petroleum and electronic components trading, by the end of 2019.
MEG provides end-to-end EV procurement, financial services and energy management to commercial fleet operators in China and in ASEAN countries, starting with Malaysia. Through offices in Beijing and Qingdao, where it runs an EV expo and trading center, it concentrates on heavy industry vehicles, logistics light trucks and vans, buses and coaches, and taxis. Ideanomics Capital develops fintech solutions based on licensed blockchain and artificial intelligence technology for capital markets uses such as over-the-counter trading, indexing and cryptocurrency.
NASDAQ: IDEX · Electric vehicles and fintech