NEW YORK - June 16, 2020 - Ideanomics announced that its subsidiary Mobile Energy Global (MEG) has secured an order from Didi City CP, a licensed city operator of Didi Chuxing (DiDi). Didi is the world's leading mobile transportation/ride-share platform, similar to Uber, and serves over 550 million users across Asia, Latin America, and Australia.

The order is for a total of 300 electric vehicles (EVs) and valued at RMB 30 Million, or USD 4.2 Million. The order will be fulfilled with either Dongfeng E70 or Geely Emgrand EV 500 models and, subject to final negotiations with manufacturers, financing, government licensing, etc., delivery of EVs to Didi City CP is expected to commence later this month.

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 Beijing and Qingdao, China.

https://ideanomics.com/