What does Ideanomics stand for?

Ideanomics, Inc. (NASDAQ: IDEX) is a global electric vehicle company that is focused on driving the adoption of electric commercial vehicles and associated sustainable energy consumption. It is made up of 5 subsidiaries including: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.

What's new at Ideanomics (IDEX)?

NEW YORK, Sept. 28, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced that its subsidiary Energica will provide 88 EsseEsse9+ motorcycles for the upcoming G20 Summit in Bali, Indonesia.

What happened to Ideanomics?

The Trade: Ideanomics, Inc. (NASDAQ: IDEX) CEO Alfred Poor bought a total of 400,000 shares at an average price of $0.25. To acquire these shares, it cost around $100 thousand. What’s Happening: Ideanomics reported spin-out of its JUSTLY and Timios subsidiaries.

Why did Ideanomics stock rise Monday?

Ideanomics ( IDEX) - Get Free Report shares rose Monday after the electric vehicle-related company announced that it has signed an agreement to buy an initial 2,000 electric ride-hailing vehicles from Meihao Chuxing, a joint venture between China's BYD and Didi.