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Ideanomics shares soar 17.6% premarket on news of order for 2,000 units of its BYD D1 electric ride-hailing vehicle marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article NEW YORK, Dec. 28, 2020 /PRNewswire/ Ideanomics (NASDAQ: IDEX) ( Ideanomics or the Company ) announces that its Mobile Energy Global ( MEG ) and its contracting entity Qingdao Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between BYD and Didi, to purchase an initial 2,000 units of model BYD D1. The ride-hailing vehicles are intended for deployment in multiple cities within China, with deliveries expected to begin in H1 2021. BYD D1 is the world’s first custom-built, all-electric car specifically for ride-hailing with smart technology, safety, and comfort features for both drivers and passengers. The D1 is a very thoughtfully designed ride-hailing EV and is a culmination of the latest design and technology to bring drivers and their customers an enjoyable travel experience. We are very pleased to work with Meihao Chuxing and BYD to promote the sales of the D1, said Alf Poor, Ideanomic ....
Ideanomicsâs MEG to buy 2,000 customized BYD EVs for ride-hailing services By Syndicated Content Dec 28, 2020 8:17 AM (Reuters) - Ideanomics Inc s Mobile Energy Global unit, which helps commercial fleet operators procure electric vehicles, said on Monday that it has signed a deal for the purchase of 2,000 EVs for ride-hailing services. The deal was between MEG and its contracting entity Qingdao Chengyang Medici and a joint venture between China s Didi Chuxing and EV maker BYD. The company said deliveries are expected to begin in the first half of next year. The vehicles are aimed for deployment in multiple Chinese cities where the passengers can hail the cars through the Didi Chuxing app, Ideanomics said in a statement. Its shares soared 22% in premarket trading. ....
Are These Electric Vehicle Penny Stocks On Your Watch List Right Now? One of the hottest niches for penny stocks in Q4 is electric vehicles. What initially began with Teslaâs (TSLA Stock Report) Battery Day has spilled over into an industry boom. With it has come a tidal wave of momentum boosted by small-cap stock traders. I remember we wrote on plenty of electric vehicle penny stocks earlier in the year. The interesting part is that many have now become centerpieces for larger firms that, for whatever reason, didnât take these companies in a serious light when they were âjust penny stocksâ. Needless to say, it likely just came with the territory. Now that Nio (NIO Stock Report) is trading above $45 and Blink Charging (BLNK Stock Report) surpassed $50, some traders are starting to connect some dots. Those dots point to emerging growth, high volatility, high-risk penny stocks. ....