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

• Year-Round Deals for Customers With Square Signs
• GP Tha Boss Presents: Gang Gang LA
• SecurePII Raises US$3.5M (A$5M) to Unlock AI and Compliance for Voice Data and Expands Global Presence
• Famous Comedian and Magician Andy Gross Inducted into the Missouri Raquetball Hall of Fame
• Peter Coe Verbica Stands with Rural Families and Horse Owners: "Keep Horses Classified as Livestock"

"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

• The Moms Dance Party™ Hits Salt Lake City With the Ultimate Self-Care Night Out
• The Mobile-First Company Raises $12M to Build Simple, Powerful Software for Small Teams
• Lick Pineapple Flavored Massage Oil Outperforming and Enticing
• For Election Day: Treat yourself to a funny poem and a song about politics called "Run For Office"
• Colter, Holloway, Frakes, Lewis, Wright Among Additions to FAN EXPO Portland Lineup

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.