Ideanomics Reports 503 EV Units Processed for July & August an Increase from Q2

NEW YORK - EntSun -- NEW YORK, -- Ideanomics  announced its Mobile Energy Global (MEG) division's activity from the period starting July 1, 2020, and ending August 31, 2020.

MEG activities during the period of July 1, 2020 through August 31, 2020 were as follows:

Vehicle Type	Units Invoiced (pending expected delivery)	Units Delivered
Heavy Trucks	-	25
Taxis/Ride-Hailing	557	178
TOTAL UNITS	557	203

More on EntSun News

• Universality Is A Result. Specificity Is The Work
• ASN Software Introduces New California CARS Act Dealer Updates
• USA Air Management Marks 30 Years of Air Duct Cleaning in NJ Urges Homeowners to Schedule Dryer Vent Cleaning Before Heating Season
• Dr. Jay Johannigman Returns to Cincinnati Following 46 Years of Military Service
• Allstream Energy Partners, SEO Experts in Oil and Gas, Awarded Gas Processing OEM Agreement

"Units Delivered" refers to vehicles which have been delivered to customers, and Ideanomics has obtained the delivery notes. "Units Invoiced (pending expected delivery)" refers to customer orders where sales invoices have been issued and units ordered are still pending expected delivery. Delivery dates vary according to the type of vehicle and manufacturer availability.

The US GAAP accounting treatment for the anticipated revenue from the above orders will not be finalized until the order transactions complete. Consequently, the revenue may be reported on a Gross or Net basis and some portion may be deferred to future accounting periods.

About Ideanomics

Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Our 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; we refer to this business model as sales to financing to charging (S2F2C). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide our global customers and partners with more efficient solutions for a greener economy.

More on EntSun News

• Growth Story Expands: $54.6M Contract, $30M Revenue Run Rate, 800+ Customers, 50+ Patents & New AI Cybersecurity Products for Cycurion, Inc $CYCU
• Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ
• Nutriband Inc. (N A S D A Q: NTRB) Breaks Into Uncharted Territory: 52-Week High Eclipsed as Shares Surge 22% —AVERSA™ Puts Investors on High Alert
• HISTORY IN THE MAKING: PerfectvilleUSA Completes First Live Systems Case Study at NYFW
• Buford Trail of Terror Scares Up a New Opening Date and Extended Hours for Spooky Season 2026 in GA

The company is headquartered in New York, NY, with offices in Beijing, Guangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.